Question
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
January | February | March | |
Budgeted production (in units) | 60,000 | ? | 100,000 |
Budgeted raw materials purchases (in kilograms) | 129,000 | 165,000 | 188,000 |
Two kilograms of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 kilograms of raw materials on hand on January 1. Budgeted production in units for February will be?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
