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Make quarterly direct materials purchases budgets for paver

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Reference no: EM132972669

Paver Industrial has estimated that production for the next five quarters will be:

Production Information

1st quarter, 202039,600 units

2nd quarter, 202036,000 units

3rd quarter, 202043,200 units

4th quarter, 202033,600 units

1st quarter, 202141,200 units

Finished units of production require 6pounds of raw material per unit. The raw material cost is $7 per pound. There is $249,480 of raw material on hand at the beginning of the first quarter, 2020. Paverdesires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.

Problem 1: Prepare quarterly direct materials purchases budgets for Paver Industrial for 2020.

Reference no: EM132972669

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