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realgraverobb realgraverobb
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2 months ago
Barry Co. manufactures leather briefcases and carryalls. Barry's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Barry maintains an ending inventory of leather fabric equal to 25% of the next month's production needs.

​​FebruaryMarchAprilMayJune
Budgeted production50,00044,00060,00064,00058,000
If each yard of leather fabric costs $6.40, how much should Barry budget for purchases of fabric in February?

▸ $372,480

▸ $468,480

▸ $310,400

▸ $384,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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kinnigitkinnigit
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2 months ago
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More solutions for this book are available here
$372,480

(50,000 × 1.2) - [(50,000 ÷ 4) × 1.2] + [(44,000 ÷ 4) × 1.2] = 58,200; 58,200 yards × $6.40 per yard = $372,480
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realgraverobb Author
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2 months ago
Just got PERFECT on my quiz
Mkersey12
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Yesterday
Good timing, thanks!
sweetalia
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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