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HOMEWORK 2 (Total Possible Points: 100) You MUST show your work! Problem 1: Master Budget (20 points total) Omega, Inc. has developed the following sales
HOMEWORK 2 (Total Possible Points: 100) You MUST show your work! Problem 1: Master Budget (20 points total) Omega, Inc. has developed the following sales forecast for the first six months of the comin year Month January February March April May June Sales fin units) 30,000 50,000 70,000 80,000 60,000 50,000 The beginning inventory on January 1 is 8,000 units. The desired ending inventory for the coming year is to be 25 percent of next month's sales. Each unit requires 6 units of material A at $8 per unit and 3 units of material B at $2 per unit. There are 15,000 units of A and 4,500 units of B on hand January 1 and the desired ending inventory for these will be 30 percent of next month's needs for the coming year. a. Prepare production budgets for February, March and April. (10 points)
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