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Long-range plans: are used primarily as an evaluation of specific results to be achieved. are different than budgeting in terms of the emphasis and the
Long-range plans: are used primarily as an evaluation of specific results to be achieved. are different than budgeting in terms of the emphasis and the time period involved. O reflect management's plans encompassing one year. have the same amount of detail as the budget. Sheller, Inc. makes and sells a single product, widgets. Three kilograms of wackel are needed to make one widget. Budgeted production of widgets for the next few months follows: September 14,500 units October 15,500 units The company wants to maintain monthly ending inventories of wackel equal to 20% of the following month's production needs. On August 31, 8,700 kilograms of wackel were on hand. The cost of wackel is $1.25 per kilogram. How much is the cost of wackel to be purchased in September
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