Cowles Corporation Inc., makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of Product R. Budgeted production of Product R for the next five months is as follows: 
The company wants to maintain monthly ending inventories of Material K equal to 30% of the following month's production needs. On July 31, this requirement was not met because only 3,500 yards of Material K were on hand. The cost of Material K is $0.80 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year. The total cost of Material K to be purchased in August is:
Definitions:
Demonstrations
Live or virtual showcases of a product's features and benefits, designed to educate potential customers and encourage them to make a purchase.
Referral Approach
An approach that uses a third person’s name as a reference to approach the buyer.
Mutual Acquaintance
Someone known by both parties in a conversation or negotiation, sometimes leveraged to build trust or establish rapport.
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