Brynjolfsson and McAfee (2014) cite Tim Kane who found that for all but seven years between 1977 and 2005, existing firms lose an average of approximately one million jobs annually while startups created on average a net three million jobs per year. Brynjolfsson and McAfee (2014) use this case to emphasize the importance of to economic growth or employment. Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. New York, NY: W. W. Norton & Company, Inc. entrepreneurship new technologies new markets information

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)