Lavender Plantations Pty Limited produces and sells two types of lavender-based products: soaps and candles. The 2022
Question:
Lavender Plantations Pty Limited produces and sells two types of lavender-based products: soaps and candles. The 2022 sales budget for the two products is as follows.
The beginning inventory on 1 January 2022 is expected to be 4200 units of soaps and 1200 units of candles. Management want an ending inventory each quarter equal to 60 per cent of the next quarter’s sales. Sales in the first quarter of 2023 are expected to be 30 per cent higher than sales in the same quarter in 2022.
Required
Prepare separate quarterly production budgets for each product for 2022.
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Ending inventory 60 of next quarters unit sales Beginning inventory given Quarte...View the full answer
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