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22.JosephCo. manufactures leather briefcases and carryalls.Joseph's production manager has provided the following production budget. Each briefcase or carryall requires1.2yards of leather fabric andJosephmaintains an ending
22.JosephCo. manufactures leather briefcases and carryalls.Joseph's production manager has provided the following production budget. Each briefcase or carryall requires1.2yards of leather fabric andJosephmaintains an ending inventory of leather fabric equal to25% of the next month's production needs.
Budgeted production
Feb 50500
mar 43000
april 59200
may 64900
june 57200
If each yard of leather fabric costs $6.40, how much shouldJosephbudget for purchases of fabric in February?
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