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Flyer, Inc. produces rulers from plastic resin. Flyer has estimated production and sales of rulers in units for the next 2 months as:
May June
Estimated production 30,000 32,000
Estimated sales 33,000 24,000
Each ruler requires 0.25 pounds of resin. The cost of resin is $4.40 per pound. Flyer wants to have 20% of the next month's materials requirements on hand at the end of each month.
Instructions
Question 1: Make a direct materials purchases budget for the month of May.
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