4. The DM budget: The Jam J Corporation's production budget calls for the following number...
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Accounting
4. The DM budget: The Jam J Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production Quarter 1 Quarter 2 Quarter 3 Quarter 4 56,500 units 54,800 units 50,600 units 51,900 units Each unit of product requires three (3) pounds of direct material. The company's policy is to have ending raw materials inventory equal to 10% of the following quarter's direct material production needs. Calculate the budgeted direct materials purchases for the second quarter
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