(Answered) Question - electro company budgets production of 510000

Accounting

Question - Electro Company budgets production of 510.000 transmissions in the second quarter and 585,000 transmissions in the third quarter. Each transmission requires 0.8 pounds of a key raw material. Electro Company aims to end each quarter with an ending inventory of direct materials equal to 20% of next quarter's budgeted materials requirements. Beginning inventory of this raw material is 81,600 pounds. Direct materials cost $1.76 per pound.

Required - Prepare a direct materials budget for the second quarter.

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