January February March dgeted production (in units) dgeted raw materials purchases (in pounds) 71,600 88,000 201,633 175,600 166,800 e pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end o luction needs. The company is expected to have 45,108 pounds of raw materials on hand on January 1. Budgeted production fo Multiple Choice 119,960 units 88,600 units

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
January
February
March
Budgeted production (in units)
Budgeted raw materials purchases (in pounds)
71,600
88,000
201,633
175,600
166,800
Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the fol
production needs. The company is expected to have 45,108 pounds of raw materials on hand on January 1. Budgeted production for February should be:
Multiple Choice
119,960 units
88,600 units
88,000 units
50,700 units
Transcribed Image Text:Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) Budgeted raw materials purchases (in pounds) 71,600 88,000 201,633 175,600 166,800 Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the fol production needs. The company is expected to have 45,108 pounds of raw materials on hand on January 1. Budgeted production for February should be: Multiple Choice 119,960 units 88,600 units 88,000 units 50,700 units
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