Sleep master, inc. manufactures bedding sets. the budgeted production is for 57,000 comforters in 2013. each comforter requires 6 yards of material. the estimated january 1, 2013, beginning inventory is 31,000 yards. the desired ending balance is 27,000 yards of material. if the material costs $1.50 per yard, determine the materials budget for 2013.

Total Material cost = $507,000

Explanation:

Material budget shows the total budgeted material cost for a specific period.

Sleep master, inc.

Direct Material Budget

December 31, 2013

Budgeted production units 57,000

yards required per comforter * 6

Materials needed for production = 342,000 yards

Add: Ending Material Inventory = 27,000 yards

Total Material units required = 369,000 yards

Less: Beginning Materials = (31,000) yards

Material used = 338,000 yards

Cost per yard * $1.50

Total Material cost = $507,000