Question
Northwest manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is budgetd as $360 per ounce; the company maintains an
Northwest manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is budgetd as $360 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget:
July | August | September | |
Planned production in units | 1,000 | 1,100 | 980 |
For the following questions, type in ONLY THE NUMERICAL ANSWER (No $ symbols or decimals or punctuation marks should be in your answer) in the respective answer box.
1) The cost of platinum to be purchased to meet the requierd needs for the month of August = $
2) If it takes two direct labor hours to produce each unit and Northwest's cost per labor hour is $15, direct labor cost for August would be budgeted at $
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