The dm budget: the jam j corporation's production budget calls for the following number of units to be produced each quarter for next year: budgeted production quarter 156,500units quarter 254,800units quarter 350,600units quarter 451,900units each unit of product requires three (3) pounds of direct material. the company's policy is to have ending raw materials inventory equal to 10% of the following quarter's direct material production needs. calculate the budgeted direct materials purchases for the second quarter.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation