The key inputs for the direct materials purchases budget are the production budget and the direct materials standards for each project.

Question

Quizplus · Accepted Answer

The direct materials purchases budget is based on the production budget, which outlines the quantity of each product to be produced during a given period, and the direct materials standards for each product, which specify the amount and cost of materials required to produce one unit of each product.

The Key Inputs for the Direct Materials Purchases Budget Are