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Q1) One quarter gram of rare seasoning is needed for each bottle of Dipping Oil, very popular product sold through gourmet shops which is produced by Lucas Company. Cost of seasoning is $16 per gram. Budgeted production of Dipping Oil is listed below for second quarter, and first month of third quarter.

	April	May	June	July
Required production bottles	5000	8,000	15,000	10,000

Seasoning is so difficult to get that company should have on hand at end of each month 20% of next month's production needs. Total of 250 grams will be on hand at starting of April.

Create a direct materials budget for seasoning, by month in total for second quarter. Make sure to comprise both quantity to be bought and its cost for each month.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M918120

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