Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next...
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Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 64,000 80,000 104,000 87,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 9,600 units. Required: Prepare a production budget by month and in total, for the second quarter. Budgeted units sales Total needs Required production in units Down Under Products, Ltd., Production Budget April May June Quarter Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 64,000 80,000 104,000 87,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 9,600 units. Required: Prepare a production budget by month and in total, for the second quarter. Budgeted units sales Total needs Required production in units Down Under Products, Ltd., Production Budget April May June Quarter
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SOLUTION Calculate the Desired Ending Inventory April 15 of Mays unit sales 015 80000 units 12000 un... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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