Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:

a. The finished goods inventory on hand at the end of each month must be equal to 2,000 units of Supermix plus 25% of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 20,250 units.

b. The raw materials inventory on hand at the end of each month must be equal to one-half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 92,000 cc of solvent H300.

c. The company maintains no work in process inventories.

A sales budget for Supermix for the last six months of the year follows.

3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.

A student researcher compares the heights of American students and non-American students from the student body of a certain college in order to estimate the difference in their mean heights. A random sample of 1818 American students had a mean height of 68.968.9 inches with a standard deviation of 2.712.71 inches. A random sample of 1212 non-American students had a mean height of 65.765.7 inches with a standard deviation of 2.172.17 inches. Determine the 90%90% confidence interval for the true mean difference between the mean height of the American students and the mean height of the non-American students. Assume that the population variances are equal and that the two populations are normally distributed.

Step 1 of 3: Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

Step 2 of 3: Find the standard error of the sampling distribution to be used in constructing the confidence interval. Round your answer to two decimal places.

Step 3 of 3: Construct the 90%90% confidence interval. Round your answers to two decimal places.

MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $3 per pound and 0.7 direct labor hours at a rate of $17 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $18,000 per month. The company’s policy is to end each month with direct materials inventory equal to 30% of the next month’s materials requirement. At the end of August the company had 3,080 pounds of direct materials in inventory. The company’s production budget reports the following.

(1) Prepare direct materials budgets for September and October.
(2) Prepare direct labor budgets for September and October.
(3) Prepare factory overhead budgets for September and October.

Complete this question by entering your answers in the tabs below.

Prepare direct materials budgets for September and October.

Prepare direct labor budgets for September and October. (Round "DL hours required per unit" answers to one decimal place.)

Prepare factory overhead budgets for September and October.

Which of the following were market economies by the time of the civil war?

a) north

b) south

c) neither

d) both

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Answer should be in degrees south of radially inward.

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