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please solve it quickly Question #1 BULL Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 105,000 90,000 2 60,000 3
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Question #1 BULL Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 105,000 90,000 2 60,000 3 75,000 4 120,000 1 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Instructions Prepare a production budget for 2016. Question # 2 The following facts are known: . The total pounds needed for production are 2 times the units to be produced. . The desired ending direct materials inventory is 20% of the total pounds needed for production. . The beginning direct materials inventory is equal in number to 10% of the units to be produced. Cost per pound is $5. Total cost of the direct materials purchases is $1,035,000. Instructions Prepare a direct materials budget for the periodStep by Step Solution
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