Question
4) ABC Company has been in business for 7 years. ABC Company budgeted the following unit sales for 2020: January February March 14,000 12,000 11,000
4) ABC Company has been in business for 7 years. ABC Company budgeted the following unit sales for 2020: January February March 14,000 12,000 11,000 16,000 April May 13,000 Each unit requires 2 metres of fabric that is estimated to cost $3.50 per metre. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. ABC Company also have a policy of maintaining a raw materials inventory at the end of each month equal to 10% of the metres needed for the following month's production. There were 1,200 metres of fabric on hand at March 1. Instructions Prepare a production budget for March
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