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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Saphire Company budgeted the following production units for the second quarter of the year:
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April: 45,000
May: 38,000
June: 42,000
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Each unit requires four pounds of raw material. Saphire's policy is to have 30% of the following month's production needs for materials inventory. This policy was met in March.
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1) Raw materials purchases budgeted for May in pounds equal:
a. 156,800
b. 202,400
c. 45,600
d. 171,600
e 225,600
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