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The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition,

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The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, 6,900 grams of raw materials inventory is on hand at the start of the 1st quarter and the beginning accounts payable for the ist quarter is $3.780. Each unit requires 8.90 grams of raw material that costs $1.20 per gram. Manadement desires to end each quarter with an inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending inventory for the 4 th quarter is 8,900 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labour-hours and direct labourers are paid $9.70 per hour. Required: 1. Prepare the company's direct materials purchases budget and schedule of expected cash disbursements for materiais for the upcoming fiscal year

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