Lovely Manufacturing has scheduled production as follows for the next several months: Months Production January 1,000 February 1,200 March 1,400 Assume that it takes two pounds of raw material to make one finished unit and that ending inventory of raw materials for any month is scheduled to be 25% of next month production needs. 34. The desired ending inventory of raw materials in pounds for February is: a. 350 b. 200 c. 1,400 d. 500 35. The pounds of raw materials purchased during January is: a. 1.000 b. 2,000 c. 2,100 d. 2.600 36. The pounds of raw materials used for February production is a. 2.400 b. 2,500 c. 3,000 d. 3,100
Lovely Manufacturing has scheduled production as follows for the next several months: Months Production January 1,000 February 1,200 March 1,400 Assume that it takes two pounds of raw material to make one finished unit and that ending inventory of raw materials for any month is scheduled to be 25% of next month production needs. 34. The desired ending inventory of raw materials in pounds for February is: a. 350 b. 200 c. 1,400 d. 500 35. The pounds of raw materials purchased during January is: a. 1.000 b. 2,000 c. 2,100 d. 2.600 36. The pounds of raw materials used for February production is a. 2.400 b. 2,500 c. 3,000 d. 3,100
Chapter7: Budgeting
Section: Chapter Questions
Problem 4EB: Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February,...
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Lovely Manufacturing has scheduled
production as follows for the next several months:
Months Production
January 1,000
February 1,200
March 1,400
Assume that it takes two pounds of raw material to make one finished unit and that ending inventory of raw materials for any month is scheduled to be 25% of next month production needs.
34. The desired ending inventory of raw materials in pounds for February is:
a. 350
b. 200
c. 1,400
d. 500
35. The pounds of raw materials purchased during January is:
a. 1.000
b. 2,000
c. 2,100
d. 2.600
36. The pounds of raw materials used for February production is
a. 2.400
b. 2,500
c. 3,000
d. 3,100
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