Question: Part 2 Party Time Inc.needs your help to create some of its budgets for the year. All of the firms party favor boxes include 6

Part 2

Party Time Inc.needs your help to create some of its budgets for the year. All of the firms party favor boxes include 6 gold coins, regardless of the party boxs theme. Its sales budget for its all of its various party favor boxes combined is as follows:

Party Time Inc. maintains ending finished goods inventory equal to 8% of the budgeted sales for the next quarter. At the end of the year, Party Time Inc. would like to have 750 finished boxes in its warehouse. In addition, Party Time Inc. maintains enough gold coins on hand to start each quarter with 5% of the current quarters production needs. The firm wants to end Q4 of the coming year with 3,200 coins on hand.

5) Complete the Production Budget for Party Time Inc. Show your work!

	Q1	Q2	Q3	Q4	Year Total



Budgeted Production in Units

6) Refer to prior page information. Complete Party Time Inc.s Raw Materials Purchases Budget for Gold Coins. (As shown on the Given Info. Sheet, each gold coin costs the firm $0.08 to purchase.) Show your work!

	Q1	Q2	Q3	Q4	Year Total







Budgeted Cost of RM Purchases

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