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Prestwich Company has budgeted production for next year as follows: First Quarter Second Third 100,000 110,000 Fourth 90,000 Production in 80,000 units Two pounds of
Prestwich Company has budgeted production for next year as follows: First Quarter Second Third 100,000 110,000 Fourth 90,000 Production in 80,000 units Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 30% of the next quarter's production needs for material A. A total of 48,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be: Multiple Choice ************ ##########
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