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The manager of Safe Keeping Wallets believes that the company will sell 470 designer credit card safe wallets next month. She expects to have 47
The manager of Safe Keeping Wallets believes that the company will sell 470 designer credit card safe wallets next month. She expects to have 47 wallets in finished goods inventory at the beginning of the month and would like to have 94 wallets in ending inventory. Each wallet requires 0.25 metres of leather. The manager expects to have 71 metres of leather on hand at the beginning of the month, but she would like to decrease ending inventory to 24 metres. The estimated cost per metre of leather is $30. How many metres of leather will need to be purchased to meet these requirements? What is the estimated cost? (Round metres of leather answer to 2 decimal places, e.g. 52.75 and other answer to 0 decimal places, e.g. 5,275.) Leather to be purchased 0 metres Estimated cost $ During the month, 451 wallets were sold. Prepare a direct materials purchases budget for this level of sales. (Round metres of leather answer to 2 decimal places, e.g. 52.75 and other answer to 0 decimal places, e.g. 5,275.) Next Qtr
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