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NEW QUESTION: 1
A firm uses the level production planning approach to produce a product family to stock. Senior management has requested that the finished-goods inventory for the product family be reduced by 18% over the sales and operations planning horizon. Which of the following statements best describes the relationship between total demand and total production required for the product family over the planning horizon?
A. There is not sufficient data to determine the relationship.
B. Total production required will be less than total demand.
C. Total production required and demand will be equal.
D. Total production required will be greater than total demand.
Answer: B

NEW QUESTION: 2
The inventory level of Product Y has reduced by 40 units over a single period. The cost card for Product Y is as follows:

The profit for Product Y using marginal costing is $26,000.
If the company used absorption costing, what would the profit for Product Y be?
Give your answer to the nearest whole $.
Answer:
Explanation:
$24600

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