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Prepare quarterly direct material purchases budgets for marx

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Reference no: EM132709732

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

Production Information

1st quarter, 201739,000 units

2nd quarter, 201735,000 units

3rd quarter, 201742,000 units

4th quarter, 201734,000 units

1st quarter, 201841,000 units

Finished units of production require 10 pounds of raw material per unit. The raw material cost is $3 per pound. There is $117,000 of raw material on hand at the beginning of the first quarter, 2017. Marx desires to have 10 percent of next quarter's material requirements on hand at the end of each quarter.

Problem 1: Prepare quarterly direct materials purchases budgets for Marx Industrial for 2017

Reference no: EM132709732

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