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Bramble Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,160 March 5,450 February 8,320
Bramble Industries has adopted the following production budget for the first 4 months of 2017.
Month | Units | Month | Units | |||
January | 10,160 | March | 5,450 | |||
February | 8,320 | April | 4,440 |
Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,480 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements.
Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,480 pounds. Management wants to have a ra materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter BRAMBLE INDUSTRIES Direct Materials Purchases Budget January February MarchStep by Step Solution
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