x Assignments C My Account I Chegg.com x C O ezto.mheducation.com/hm.tpx I Hawke

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x Assignments C My Account I Chegg.com x C O ezto.mheducation.com/hm.tpx I Hawkes Learning Blackboard Leam Welcome my utrg Cinemark Theatres G Work in lapantG instructions I help Question 1 (of 35) Save&Exit; Submi units in July and 380 units in August. Each unit requires 13 feet of Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 300 wood at a cost of $1.30 per foot. Preston wants to always have 280 feet of wood on hand in materials inventory Compute Preston's raw materials purchases budget for July and August Budgeted Raw Materials Purchases 141 PM /15/2018 O Type here to search

Explanation / Answer

Material Consumption required for July Production = 300*13 = 3900 Feet of Wood

Closing Stock of Material required in July = 280 Feet of Wood

Purchase of Material Required in July = 3900+280 = 4180 feet of wood

Purchase of Material Required in August = 380*13 = 4940 feet of wood

Cost of Purchase of Material in July = 4180*1.30 = $ 5434

Cost of Purchase of Material in August = 4940*1.30 = $ 6422

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