Youngstown Incorporated is starting to grow. Youngstown's accountant encourages them to create a production budget to anticipate

Fantastic news! We've Found the answer you've been seeking!

Question:

Youngstown Incorporated is starting to grow. Youngstown's accountant encourages them to create a production budget to anticipate the total units of inventory needed for the coming year, to help them with planning. Suppose Youngstown decides that the desired ending inventory should be 50% of the following quarter's sales and Youngstown has the following projected sales of Quarter 1 = 5000 units, Quarter 2 = 7000 units, Quarter 3 = 4000 units, and Quarter 4 = 10000 units. What is Youngstown's ending inventory for Quarter 3? a.) 2,000 units b.) 10,500 units c.) 5,000 units d.) 3,500 units

Posted Date: May 18, 2024 03:03 PM

See More Questions

Your friend, Daniel Nat, recently began work as the lead accountant for Asheville Company. Dan prepared the following balance sheet for December 31, 20Y5: Asheville Company Balance Sheet December 31,...
What is a letter or memorandum of transmittal?
Show that the product of two orthogonal matrices is also an orthogonal matrix. Is the product of two permutation matrices a permutation matrix? Explain.
Presented below are the beginning-of-year common share price (P t-1 ), the end-of-year common share price (P t ), and the annual dividend (D t ) for three competitorsGeneral Electric, Philipps...
The qualitative characteristics that make accounting information useful for decision-making purposes are as follows. Relevance Neutrality Verifiability Faithful representation Completeness...
(20) product/services consists of identifying the target market and developing a related market mix (controllable), to achieve a productive match or fit with a company's market environment...
John Martins is a department store in Adelaide. Its menswear department stock of suits, ties, and shirts at the beginning of the income year was valued at $1.1m (Including GST) and they purchased...
How does the increasing influence of technology on governance and civic participation affect democratic processes, and what safeguards are necessary to ensure that technology enhances rather than...
From A&D High Tech (B) Managing Scope Change What is the... From A&D High Tech (B) Managing Scope Change What is the projected completion date What is the total cost? How much of the total costs are...
what ways does globalization influence cultural homogenization and heterogenization within societies, and how can nations balance the benefits of cultural exchange with the preservation of unique...
Tamarisk Company traded a used truck for a new truck. The used truck cost $43,800 and has accumulated depreciation of $39,420. The new truck is worth $54,020. Tamarisk also made a cash payment of...
Calculate the CVP investment? The following information is available for Wade Corp.: Total fixed Sales $580,000 $150,000 expenses Cost of goods Total variable 390,000 360,000 sold expenses
As series of 100 measurements of a physical quantity have been made that show a random fluctuation characterized by a sample variance of 6% of the mean value. If the series is lengthened to 900...
9.Consider the reaction 3NO2(g)+H2O=2HNO3(aq)+NO(g) where Delta H=-137 kJ.How many kilojoules are released when 92.3g of NO2 reacts?
Evans Company processes a scouring powder through its Compounding Department and Packaging Department. In the Compounding Department, direct materials are added at the beginning of the process, and...
Summers Manufacturing Corporation produces chemical products using a continual process. Summers uses the weighted average method for process costing. All manufacturing is accomplished in one...
Parker Laboratories, Inc., produces one of its products in two successive departments. All materi- als are added at the beginning of the process in Department 1. No materials are used in Department...

Youngstown Incorporated is starting to grow. Youngstown's accountant encourages them to create a production budget to anticipate

Question:

Expert Answer:

Students also viewed these accounting questions