Answer:
Budget to purchase the material for the year 2017 will be $475500.
Step-by-step explanation:
The budgeted production for 2017 is for 53000 comforters.
Estimated beginning inventory is 31000 yards.
Ending balance is 30000 yards of the material.
Therefore, expression that models the expression will be
End material = Beginning material + Material purchased - material for production
30000 = 31000 + Material purchased - (53000×6)
30000 - 31000 = Material purchased - 318000
-1000 = Material purchased - 318000
Material purchased = 318000 - 1000
Material purchased = 317000 yards
Since, material cost is given as $1.5 per yard
Therefore, Budget to purchase the material = 317000×1.5
= $475500
Budget to purchase the material for the year 2017 will be $475500
