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Lehong ( Pty ) Ltd is preparing its April 2 0 2 4 raw material ( pine wood ) purchase budget for the manufacturing of

Lehong (Pty) Ltd is preparing its April 2024 raw material (pine wood) purchase budget for the manufacturing of their table product only. You have received the following information:
Pinewood's price in March 2024 is R5000 per m^3 and it is budgeted that it will increase by 5% in April 2024.
The expected total sales for April 2024 and May 2024 are 700 tables, and 850 tables respectively.
A table required 0,8 m^3 of pine wood.
For April 2024 the opening pine wood inventory is 8 m^3 and the target month-end inventory is 12 m^3.
There was no opening finished goods inventory on the 1st of April 2024. The target month-end finished goods inventory level is 20 tables plus 10% of May 2024 budgeted sales.
The total budgeted m^3 pine wood that must be purchased during April 2024 is
Select one:
a.
None of the options
b.
640 m^3
c.
648 m^3
d.
480m^3
e.
580 m^3

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