Question
[The following information applies to the questions displayed below.] Each gallon of Old Guard, a popular aftershave lotion, requires 2.75 ounces of ocean scent. Budgeted
[The following information applies to the questions displayed below.]
Each gallon of Old Guard, a popular aftershave lotion, requires 2.75 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is: |
Quarter I | 10,000 | gallons |
Quarter II | 17,000 | gallons |
Quarter III | 12,000 | gallons |
Managements policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 26% of the next quarters production needs. At the beginning of Quarter I, 7,150 ounces of ocean scent were on hand. |
17. value:
1.05 points Required information
Required: | |
a. | Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2013. |
Number of ounces in Q1: Number of ounces in Q2: |
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