Superior Company manufactures only one product.You keep your finished goods inventory at double next month's budgeted sales
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Question:
Superior Company manufactures only one product. You keep your finished goods inventory at double next month's budgeted sales and your raw materials inventory at 150% of next month's budgeted production. Each unit of product requires five pounds of materials, which cost $3 per pound. The sales budget is, in units: May, 10,000; June, 12,400; July 12,600; August, 13,200.
Required
a. Calculate the budgeted production for June.
b. Calculate the budgeted production for July.
C. Calculate the budgeted material purchases for June in pounds
d. Calculate the budgeted material purchases for June in dollars.
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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