Jared Inc. produces leather handbags. The sales budget for the next four months is: July 5,000 units, August 7,000, September 7,500, October 8,000. Each handbag requires 0.5 square meters of leather. Jared Inc.'s finished goods inventory policy is 10% of next month's sales needs. Jared Inc.'s leather inventory policy is 30% of next month's production needs. What will leather purchases be in August?
A. 3,600 square meters
B. 3,425 square meters
C. 3,508 square meters
D. 3,450 square meters
Answer: A
You might also like to view...
Entries into the General Ledger System (GLS) can be made using information from
a. the general journal b. a journal voucher which represents a summary of similar transactions c. a journal voucher which represents a single, unusual transaction d. all of the above
A "road sign" on the upper-left or upper-right corner of your slides that indicate the section of the deck, is analogous to a ________ on a word-processed report
A) title page B) header C) footer D) page number E) table of contents
Ragged Edge Arts uses a just-in-time (JIT) manufacturing environment. For the month of October, Ragged Edge Arts has completed $2,400 of quilts and paintings. The journal entry required to record the transfer to finished goods is ________
a. Raw and In Process Inventory 2,400 Accounts Payable 2,400 b. Finished Goods Inventory 2,400 Cost of Goods Sold 2,400 c. Finished Goods Inventory 2,400 Raw Materials Inventory 2,400 d. Finished Goods Inventory 2,400 Raw and In Process Inventory 2,400
According to the categorization of multinational organizations, development and diffusion of knowledge in an international organization is marked by ______.
A. knowledge developed and retained within each unit B. knowledge developed and retained at the center C. knowledge developed at the center and transferred to overseas units D. knowledge developed jointly and shared worldwide