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Planning Systems, Inc

question 68

Multiple Choice

Planning Systems, Inc. has forecast the following unit sales and production for the next year, by quarter: 1st 2nd 3rd 4th
Production 150 160 140 100
Sales 120 140 150 120
The firm has beginning inventories as follows:
Finished goods 50 units
Direct material A 100
Direct material B 100
A finished unit requires one unit of material A and two units of material B. There should be enough material on hand at the end of each quarter to meet 20% of the next quarter's production needs. There are no work-in-process inventories.
What is the ending inventory for material B in quarter 1?


Definitions:

Organizational Structure

Organizational Structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims, outlining the hierarchy and the flow of information within an organization.

Level of Commitment

Describes the degree to which an individual, group, or organization is dedicated to a cause, idea, or goal.

Socially Sanctioned

Behaviors or practices that are acceptable and approved within a society or group.

Formal Role

A defined position or function within a structure or system, often with specific responsibilities and authority.

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