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Chapter 7 - Practice Problem _2

Chapter 7 - Practice Problem _2 - of material were on hand...

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Group Name: _________________ Chapter #7 – Practice Problem PROBLEM #1: Dodero Company’s production budget for the next four months is given below: July August September October Required Production 15,000 18,000 20,000 16,000 Each unit of product uses five ounces of raw materials. At the end of June, 11,250 ounces
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Unformatted text preview: of material were on hand. The company wants to maintain an inventory of materials equal to 15% of the following month’s production needs. Complete the following materials purchases budget for the third quarter:...
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