Barry Co. manufactures leather briefcases and carryalls. Barry's production manager has provided the following production budget....
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Barry Co. manufactures leather briefcases and carryalls. Barry's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Barry maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March Budgeted production 50,000 $784,320 $619,200 $524,600 $629,520 44,000 April 60,000 May 64,000 June 58,000 If each yard of leather fabric costs $8.60, how much should Barry budget for purchases of fabric in April? Barry Co. manufactures leather briefcases and carryalls. Barry's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Barry maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March Budgeted production 50,000 $784,320 $619,200 $524,600 $629,520 44,000 April 60,000 May 64,000 June 58,000 If each yard of leather fabric costs $8.60, how much should Barry budget for purchases of fabric in April?
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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