Wayans Company produces and sells automobile batteries, including the heavyduty HD-240. The 2022 sales budget is as
Question:
Wayans Company produces and sells automobile batteries, including the heavyduty HD-240. The 2022 sales budget is as follows:
The January 1, 2022, inventory of HD-240 is 1,500 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter’s sales. It expects sales in the first quarter of 2023 to be 20% higher than sales in the same quarter in 2022.
Instructions
Prepare quarterly production budgets for each quarter for 2022.
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WAYANS COMPANY Production BudgetProduct HD240 For the Year Ending Dec...View the full answer
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