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Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 75 kilograms of the raw material Jurislon, Budgeted production of Miniwarps for
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 75 kilograms of the raw material Jurislon, Budgeted production of Miniwarps for the next five months is as follows: 24,000 units 22,700 units 24,100 units 25,300 units 25,000 units August September October November December The company wants to maintain monthly ending inventories of Juris on equal to 20% of the following month's production needs. On Ju 31, this re urement was not met snce only 12,200 kilograms of Juns on were on hand. The cost of Jurislon is $21 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months The total cost of Jurislon to be purchased in August is: Multiple Choice 4.238,850 S3.780,000 $1.747,200 $4.495,050
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