Harlan Manufactures Picture Frames

question 24

Essay

Harlan manufactures picture frames. Sales for July are expected to be 10,000 units of various sizes. Historically, the average frame requires five foot of framing, one square foot of glass, and one square foot of backing. Beginning inventory includes 7,000 feet of framing, 1,500 square feet of glass, and 2,500 square feet of backing. Current prices are $0.90 per foot of framing, $4.50 per square foot of glass, and $1.50 per square foot of backing. Ending inventory should be 150 percent of beginning inventory. Purchases are paid for in the month acquired.
Required:
a.Determine the quantity of framing, glass, and backing that is to be purchased during July.
b.Determine the total amount of cash needed for July purchases.

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Definitions:

Monophyletic

Describes a group of organisms that form a clade.

Lemurs

A group of primates native to Madagascar, characterized by their large eyes, nocturnal habits, and varied social structures.

Tetrapods

A superclass of animals characterized by four limbs (or the descent from such), including amphibians, reptiles, birds, and mammals.