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The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production for Quarter 1
- The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year:
- Budgeted production for Quarter 1 is 45,000 units, Quarter 2 is 38,000 units, Quarter 3 is 34,000 units and Quarter 4 is 48,000 units. Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30% of that quarter's direct material requirements.
- Budgeted direct materials purchases for the third quarter would be:
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
