Harrisburg Manufacturing Produces Three Products Requiring the Following Inputs of Raw

question 27

Essay

Harrisburg Manufacturing produces three products requiring the following inputs of raw materials:
$\begin{array}{lcc}&\text { Units of Materials }&\text { Required }\\\text { Product } & \text { Fabric } & \text { Metal } \\\text { Jade } & 2 & 1 \\\text { Kolia } & 1 & 2 \\\text { Lymon } & 2 & 1\end{array}$ Unit cost and inventory for each raw material:
$\begin{array}{lrr} & \text { Fabric } & \text { Metal } \\\text { Unit cost } & \$ 3 & \$ 2 \\\text { Beginning inventory } & 10,000 & 8,000 \\\text { Ending inventory } & 9,000 & 6,000\end{array}$ $$\begin{array}{l}\text { Scheduled production: }\\\begin{array} { l l } \text { Jade: } & 20,000 \\\text { Kolia: } & 10,000 \\\text { Lyman: } & 30,000\end{array}\end{array}$$ Prepare a direct materials purchases budget for the year ended December 31,2010.

---

Definitions:

Goods And Services

The output of economic activities that satisfy human wants; goods are tangible products, while services are intangible activities or benefits.

Advanced Industrial Society

A term used to describe societies that are characterized by high levels of industrialization, technological advancement, and economic productivity.

Nature And Society

A concept exploring the relationships and interactions between the natural environment and human societies, and how each influences the other.

Juggernaut

An overwhelming, unstoppable force or movement that crushes whatever is in its path.