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Kindly provide detailed answer for this question. Thank you Operating budgets: materials purchasing plan Masefield Dairy is preparing a third-quarter budget (July, August, and September)
Kindly provide detailed answer for this question. Thank you
Operating budgets: materials purchasing plan Masefield Dairy is preparing a third-quarter budget (July, August, and September) for its ice cream products. It produces five brands of ice cream, and each uses a different mix of ingredients. Its suppliers deliver ingredients just in time, provided that they are given 2 months' notice. The following table indicates the units of weight or volume of each type of ingredient required per unit of each product: MASEFIELD DAIRY REQUIRED INGREDIENTS PRODUCT INGREDIENTS Ingredient Ingredient 2. . Ingredient 3. Ingredient 4.. . Ingredient 5. Ingredient 6. . . . 2 3 B 2 3 2 c 3 2 3 D 4 2 4 2 2 The following table summarizes the estimated unit sales for each product in each of the months in the third quarter: PRODUCT MASEFIELD DAIRY ESTIMATED UNIT SALES JULY 194,675 104,856 209,855 97,576 47,867 AUGUST 162,033 98,375 194,575 75,766 39,575 SEPTEMBER 129,857 76,495 170,654 55,966 20,958 Prepare a monthly purchases budget for the ice cream ingredients.
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