Asked by Michelle Mazur on Jul 11, 2024

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The direct materials budget details
1) the quantity of direct materials to be purchased.
2) the cost of direct materials to be purchased.

A) 1
B) 2
C) both 1 and 2
D) neither 1 nor 2

Direct Materials Budget

A financial plan that estimates the raw materials required for production and the expected costs.

Quantity Purchased

The total amount of a product that a consumer or company acquires.

Cost Purchased

The total price paid to acquire goods or services, including the purchase price and any additional charges necessary to obtain the asset.

  • Determine the total direct labor and materials costs based on budget data.
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SL
Samantha LibalJul 13, 2024
Final Answer :
C
Explanation :
The direct materials budget details both the quantity and cost of direct materials to be purchased for a specific period of time. Therefore, both 1 and 2 are correct.