XYZ Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for...

 

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XYZ Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for the second quarter of the year. The sales forecast is as follows: April May June July August 50,000 units 42,000 26,000 32,000 50,000 The selling price per unit is $16 The management of the company wants ending inventory to be equal to 10% of the following month's sales. On March 31, 9,000 units were on hand. Required: 1. Prepare the sales budget for the second quarter ending June 30(monthly basis). (23 Points) 2. Prepare the Production budget for the second quarter ending June 30(monthly basis). (32 Points) XYZ Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for the second quarter of the year. The sales forecast is as follows: April May June July August 50,000 units 42,000 26,000 32,000 50,000 The selling price per unit is $16 The management of the company wants ending inventory to be equal to 10% of the following month's sales. On March 31, 9,000 units were on hand. Required: 1. Prepare the sales budget for the second quarter ending June 30(monthly basis). (23 Points) 2. Prepare the Production budget for the second quarter ending June 30(monthly basis). (32 Points)

Answer rating: 100% (QA)

Answer 1 SALES BUDGET April may june Sales units 50000 42000 26000 ... View the full answer