Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000 1
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Question:
Benet Company has budgeted the following unit sales:
2017 | 2016 | ||||||
Quarter | Units | Quarter | Units | ||||
1 | 105,000 | 1 | 90,000 | ||||
2 | 60,000 | ||||||
3 | 75,000 | ||||||
4 | 120,000 |
The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales.
Prepare a production budget for 2016.
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
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