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Q1) Jung Corporation's budget calls for following production:

Quarter 1 45,000 units
Quarter 2 38,000 units
Quarter 3 34,000 units
Quarter 4 48,000 units

Each unit of production needs three pounds of direct material. Company's policy is to start each quarter with the inventory of direct materials equal to 30 percent of that quarter's direct material requirements. find out budgeted direct materials purchases for third quarter.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918943

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