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David,Inc.is preparing its master budget for the second quarter.The following sales and production data have been forecasted:
Finished goods inventory on March 31: 120 units
Raw materials inventory on March 31: 450 pounds
Desired ending inventory each month:
Finished goods:30% of next month's sales
Raw materials:25% of next month's production needs
Number of pounds of raw material required per finished unit: 4 lb.
Number of direct labor hours to produce each unit: 3 hours
Labor rate per hour: $10
(a)How many units should be produced during April and May?
(b)How many pounds of raw materials should be purchased in April?
(c)What is the budgeted labor cost for April?
Hippocrates
An ancient Greek physician often regarded as the father of medicine, known for his contributions to the understanding of disease and medicine.
Analytical Psychology
A branch of psychology founded by Carl Jung that emphasizes understanding the psyche through exploring the world of dreams, art, mythology, world religion, and philosophy.
Psychodynamic Theory
A psychological perspective that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.
Carl Jung
A Swiss psychiatrist and psychoanalyst who founded analytical psychology and contributed significantly to the understanding of the psyche.
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