Question: Q1. One Device makes universal remote controls and expects to sell 956 units in January, 666 in February, 984 in March, 942 in April, and
Q1. One Device makes universal remote controls and expects to sell 956 units in January, 666 in February, 984 in March, 942 in April, and 807 in May. The required ending inventory is 20% of the next months sales. Calculate the total production for the first four months (January, February, March and April). Round to the nearest hundreth, two decimal places. (show your work)
Q2. Sunrise Poles manufactures hiking poles and is planning on producing 4,806 units in March and 3,296 in April. Each pole requires a half pound of material, which costs $1.98 per pound. The companys policy is to have enough material on hand to equal 6% of the next months production needs and to maintain a finished goods inventory equal to 11% of the next months production needs. What is the budgeted cost of purchases for March? Round to the nearest penny, two decimal places. (show your work)
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