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Please assist with question below and use data provided: Pharoah Manufacturing Company produces and sells garden tools. The company has developed the following production plan
Please assist with question below and use data provided:
Pharoah Manufacturing Company produces and sells garden tools. The company has developed the following production plan for its new electric trimmer. Budgeted production (in units) January 3,600 February 3,600 March 5,300 April 6,500 Each unit requires three feet Of metal tubing. The company wishes to have ending inventory Of metal tubing equal to 120% of its next month's production needs, plus an additional 100 feet. January's beginning inventory meets this requirement. Pharoah's standard cost per foot is $3.00. Prepare the 1st quarter direct materials purchases budget for metal tubing. (Round Standard material per unit to O decimal place, e'. 5,275 and Standard price per foot answers to 2 decimal places, e.g. 52.75) PharoahManufacturing Company Direct Materials Purchases Budget Metal Tubing January 1st Quarter February March 1st Quarter
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