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a. 15,015 b. 16,555 c.42,570 d. option did was wrong Please help! Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It
a. 15,015
b. 16,555
c.42,570
d. option did was wrong
Please help!
Nantucket Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3,700 units of Prime and 1,400 units of Luxuria in 2020. The following estimates are given for 2020: Selling price Direct materials Direct labor Manufacturing overhead Prime Luxuria $200 $500 40 90 70 170 80 110 Nantucket had an inventory of 200 units of Prime and 115 units of Luxuria at the end of 2019. It has decided that as a measure to counter stock outages it will maintain ending inventory of 370 units of Prime and 220 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $11. There were 140 units of Crimpson in stock at the end of 2019. The management does not want to have any stock of Crimpson at the end of 2020. What is the amount budgeted for purchase of Crimpson in 2020Step by Step Solution
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