Solution-Prepare quarterly direct materials purchases

Prepare quarterly direct materials purchases budgets

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Question - Clinton Industrial has estimated that production for the next five quarters will be:

Production Information
1st quarter, 2017	42,000 units
2nd quarter, 2017	38,000 units
3rd quarter, 2017	45,000 units
4th quarter, 2017	37,000 units
1st quarter, 2018	44,000 units

Finished units of production require 6 pounds of raw material per unit. The raw material cost is $5 per pound. There is $214,200 of raw material on hand at the beginning of the first quarter, 2017. Clinton desires to have 17 percent of next quarter's material requirements on hand at the end of each quarter.

Prepare quarterly direct materials purchases budgets for Clinton Industrial for 2017.

Reference no: EM131572956

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Prepare quarterly direct materials purchases budgets

Reference no: EM131572956

Reference no: EM131572956

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