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Thao Company has the following information for sales and production budgets for Q1 for its laptop bags: Jan Feb March Sales Budget 2,900 4,500 1,800
Thao Company has the following information for sales and production budgets for Q1 for its laptop bags:
Jan | Feb | March | |
Sales Budget | 2,900 | 4,500 | 1,800 |
Production Budget | 3,000 | 5,000 | 2,000 |
- Each laptop bag requires 2 feet of fabric.
- At the end of each month, Thao Company wants to have 10% of the following month's need as ending inventory for fabric raw materials.
- Every 1 foot of fabric costs $.51
What is the raw materials budget for fabric for February in dollars? (Round to the nearest dollar)
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