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Serenity Spa Company anticipates giving 104 manicures in May, 140 in June, and 130 in July. For each manicure, the company needs one paraffin wax package along with two disposable cotton gloves. Its inventory policy is to have 10 percent of the following month's direct materials needs on hand. On May 1, there were 18 paraffin wax packages and 5 disposable cotton gloves on hand. REQUIRED: 1 How many paraffin wax packages should be purchased in May? 2 How many paraffin wax packages should be purchased in June? 3 How many disposable cotton gloves should be purchased in May? 4 How many disposable cotton gloves should be purchased in June?

Serenity Spa Company anticipates giving 104 manicures in May, 140 in June, and 130 in July. For each manicure, the company needs one paraffin wax package along with two disposable cotton gloves. Its inventory policy is to have 10 percent of the following month's direct materials needs on hand. On May 1, there were 18 paraffin wax packages and 5 disposable cotton gloves on hand. REQUIRED: 1 How many paraffin wax packages should be purchased in May? 2 How many paraffin wax packages should be purchased in June? 3 How many disposable cotton gloves should be purchased in May? 4 How many disposable cotton gloves should be purchased in June?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Serenity Spa Company anticipates giving 104 manicures in May, 140 in June, and 130 in July. For each manicure, the company needs one paraffin wax package along with two disposable cotton gloves. Its inventory policy is to have 10 percent of the following month's direct materials needs on hand. On May 1, there were 18 paraffin wax packages and 5 disposable cotton gloves on hand. REQUIRED: 1 How many paraffin wax packages should be purchased in May? 2 How many paraffin wax packages should be purchased in June? 3 How many disposable cotton gloves should be purchased in May? 4 How many disposable cotton gloves should be purchased in June?
Transcribed Image Text:Serenity Spa Company anticipates giving 104 manicures in May, 140 in June, and 130 in July. For each manicure, the company needs one paraffin wax package along with two disposable cotton gloves. Its inventory policy is to have 10 percent of the following month's direct materials needs on hand. On May 1, there were 18 paraffin wax packages and 5 disposable cotton gloves on hand. REQUIRED: 1 How many paraffin wax packages should be purchased in May? 2 How many paraffin wax packages should be purchased in June? 3 How many disposable cotton gloves should be purchased in May? 4 How many disposable cotton gloves should be purchased in June?
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