Mackenzie Chemicals has developed a new window cleaner that requires the ingredient AM972. Based on forecasted...
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Mackenzie Chemicals has developed a new window cleaner that requires the ingredient AM972. Based on forecasted sales, Mackenzie has developed the following budgeted production for the coming year. 1st Quarter next year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted production (gallons) 5,000 7,500 9,000 12,000 6,000 Each gallon of window cleaner requires 100 ounces of AM972. Mackenzie's inventory policy requires ending inventory equal to 20 percent of the next quarter's production needs. At the beginning of the year, Mackenzie expects to have 80,000 ounces of AM972. Prepare Mackenzie's AM972 purchases budget for the coming year. Mackenzie Chemicals has developed a new window cleaner that requires the ingredient AM972. Based on forecasted sales, Mackenzie has developed the following budgeted production for the coming year. 1st Quarter next year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted production (gallons) 5,000 7,500 9,000 12,000 6,000 Each gallon of window cleaner requires 100 ounces of AM972. Mackenzie's inventory policy requires ending inventory equal to 20 percent of the next quarter's production needs. At the beginning of the year, Mackenzie expects to have 80,000 ounces of AM972. Prepare Mackenzie's AM972 purchases budget for the coming year.
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