Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows.
Question:
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows.
The January 1, 2022, inventory of HD-240 is 2,000 units. Management desires an ending inventory each quarter equal to 40% of the next quarter’s sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022.
Instructions
Prepare quarterly production budgets for each quarter and in total for 2022.
Prepare a direct materials purchases budget.
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1 40 of next quarters sales 2 40 x 5000 x 125 Expected unit sales Add Desired end...View the full answer
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