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Problem: Bethany company forecast November sales to be 80,000 units. Each unit requires three pounds of material, which costs $2.50 per pound, and 30 minutes of direct labor time. Direct laborers earn $12.00 per hour Inventory information (in units) follows:
Finished goods Raw materials
November 1 7,000 20,5000
November 30 8,500 16,000
Required:
A) production budget for month of November
B) direct material budget for month of November
C) direct labor budget for the month of November
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