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inventory of 52,000 gallons at the end of the succeeding quarter. Requirement 1. How many...

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Accounting

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inventory of 52,000 gallons at the end of the succeeding quarter. Requirement 1. How many gallons of direct materials should Lippart Company purchase during the 3 months ending March 31? Begin by selecting the labels, then complete the schedule. Requirement 2. What questions might the CEO ask of the operating manager when reviewing the budget? (Select three that apply.) A. Can fewer than 3 gallons of direct materlals be used to produce each unit of finished product by reducing waste and improving quality and efficiency? C. Is the increased finished goods ending inventory because of anticipated production or quality problems? D. Can the target firished goods ending inventory be reduced so as to reduce irventory-related costs? E. Can target ending direct materials inventory be increased to allow for a larger supply in the following year

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