Dear freelancer.
please solve the attached 6 questions. All the questions need to be answered with clear and detailed steps and all the calculations to be shown. A doc file should be created and also an xls where the calculations will be shown.
Task example: Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300 units (solar panels) in July and 5,700 units in August.
Each unit requires 2 pounds of direct materials, which cost $7 per pound. The company’s policy is to maintain direct materials inventory equal to 30% of the next month’s direct materials requirement. As of June 30, the company has 3,180 pounds of direct materials in inventory. Prepare the direct materials budget for July.
Attached: 6 questions
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