Question: did i solve question 2 right from using the date above? Production budget. June Total 23,200 Next month's budgeted sales (units) Ratio of inventory to

did i solve question 2 right from using the date above?

Production budget. June Total 23,200 Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units) Budgeted units sales for month Required units of available production Beginning inventory (units) Units to be produced 80% ZIGBY MANUFACTURING Production Budget April, May, and June 2019 April May 17,100 21,900 80% 80% 13,680 17,520 23,200 17,100 36,880 34,620 (18,560) (13,680) 18,320 20.940 > 18,560 21,900 40,460 (17,520) 22,940 62,200 2) Zigby's production manager has suggested that the company try to even out the production between April and May for this large order. Zigby typically produces enough finished goods to establish its desired ending finished goods inventory. Because the of the increased to May sales for the special order, management is concerned about the stress this order will put on April's production requirements. To accommodate this, Zigby's production manager has suggested the company try to even out the production between April and May. May's desired ending finished goods inventory will remain unchanged from their original production budget (connect). However, April's budgeted ending inventory units will only be increased by 8,000 units, rather than the targeted percentage relating to the special order. Complete the revised production budget below for the quarter. Note: Remember to add 8,000 units to April ending inventory bits and double May's budgeted units sales (double May sales used on connect). You may want to refer to the schedules used in connect to assist in completion of the schedules here. Total ZIGBY MANUFACTURING Change to smooth Production Budget April, May, and June 2019 April May Budgeted ending inventory (calculate for 21.680 17,520 Aprw, row 3 of connect for May and Juno) Budgeted units sales for month 23,200 34,200 Required units of available production 44,880 51,720 Beginning inventory (units) (18,560) (13,680) Units to be produced during the month 26,320 38,040 June 18,560 43,800 62,360 (17,520) 44,840 109,200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1 Compute budgeted production (in units) for May. 5.88 points eBook Hint Print CHAMP, INC Production Budget For Month Ended May 31 Next month's budgeted sales (units) Ratio of inventory to future...

Champ, Inc., predicts the following sales in units for the coming two months: May June 190 220 Sales in units Each month's ending inventory of finished units should be 60% of the next month's sales....

Selling expense budget. Factory overhead budget. Note: Round variable overhead rate values to 2 decimal places. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ ZIGBY MANUFACTURING } \\...

4. Zahn Company budgets sales of 280 units in May and 540 units in June. Each months ending inventory should be 25% of the next months sales. The April 30 ending finished goods inventory is 70 units....

Champ, Inc., predicts the following sales in units for the coming two months. Each month's ending inventory of finished units should be 50% of the next month's sales. The April 30 finished goods...

pls help ill give a thumbs up Sales in units May June 190 270 Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 114...

Zahn Company budgets sales of 220 units in May and 240 units in June. Each month's ending inventory should be 25% of the next month's sales. The April 30 ending finished goods inventory is 55 units....

1 : Taylor company determines that 13,500 pounds of direct materials are needed for production in July. There are 800 pounds of direct materials on hand at July 1 and the desired ending inventory is...

please help ! KCH 20 & CH 21) Savod Help Save Champ, Inc., predicts the following sales in units for the coming two months May June Sales in units 200 220 Each month's ending inventory of finished...

spotlight's production budget is below. it is based on its budgeted sales and its inventory strategy, which is to plan to have 10% of next month's sales in inventory at the end of each month...

Should the company use the composite WACC as the hurdle rate for each of its projects? Explain.

Why is it seldom feasible for a company to absorb the high cost of international transportation and reduce the net price received?

How would a sole trader record the withdrawal of cash from the business bank account for his own personal use? A . Dr Profit Cr Bank B . Dr Bank Cr Drawings C . Dr Drawings Cr Bank D . Dr Bank Cr...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Mitzi Johnson worked for XYZ Company, which had a code of ethics for employees. In the training session, employees received a card that included these tests to determine ethical behavior: Is it...

Explain the concept of viral advertising, and give an example of an advertisement that might fit this concept. (Objective 1)

Explain why you agree or disagree with this statement: Only a small percentage of business and professional people behave in unethical ways. (Objective 4)