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Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in
Marst Corporation'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) | 70,800 | ? | 84,000 | ||||||
Budgeted raw materials purchases (in pounds) | 250,660 | 163,600 | 162,800 | ||||||
Four pounds 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 20% of the following month's production needs. The company is expected to have 56,640 pounds of raw materials on hand on January 1. Budgeted production for February should be: (Round your intermediate calculations to 2 decimal places.)
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