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) | 54,000 | ? | 80,000 |
Budgeted raw materials purchases (in pounds) | 115,800 | 141,800 | 197,800 |
Two 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 30% of the following month's production needs. The
company is expected to have 31,000 pounds of raw materials on hand
on January 1. Budgeted production for February should be:
rev: 10_2
Let the Budgeted production for February be X |
141800 = 2X+(80000*2*30%)-0.6X |
141800 = 2X+48000-0.6X |
2X-0.6X = 141800-48000 |
1.4X = 93800 |
X = 93800/1.4 = 67000 |
Budgeted production for February should be 67,000 units |
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