Rowland Corporation was preparing its production budget for the first quarter of their first year of operations.
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Question:
Rowland Corporation was preparing its production budget for the first quarter of their first year of operations. The accountant has most of it completed but is missing a few numbers. Here is what she has assembled up to this point:
January | February | March | 1st Quarter | |
Forecasted quantity | 14,000 | 13,000 | 21,000 | 48,000 |
Target ending inventory | 4,600 | 4,700 | ||
Total units needed | 18,600 | 17,700 | 28,500 | (b) |
Beginning inventory | (a) | 4,600 | 4,700 | |
Units started | 13,100 | 23,800 |
Target ending inventory for a period is equal to 30% of the following month's expected sales. April's sales are expected to be 27,000 units. The total units needed for the first quarter (letter b) is equal to:
Multiple Choice
- 65,400
- 56,100
- 17,400
- 52,600
- 28,500
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