Comfy Inc. uses five yards of wool in each blanket it produces. Comfys production budget next year
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Question:
Comfy Inc. uses five yards of wool in each blanket it produces. Comfy’s production budget next year is 30,000 blankets. The anticipated wool inventory at January 1 is 40,000 yards, but the company desires to reduce the inventory to 20,000 yards by the end of the year. Each yard of wool costs $10.
How many yards of wool should Comfy purchase?
a. 190,000 yards
b. 130,000 yards
c. 170,000 yards
d. 1,300,000 yards
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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