Platypus, Inc., a producer of fine perfumes, has a beginning inventory of 2,000 bottles. The company...

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Platypus, Inc., a producer of fine perfumes, has a beginning inventory of 2,000 bottles. The company estimates the budgeted sales for the four quarters of the current year to be: Sales (units) 1st Qtr, Y1 20,000 2nd Qtr, Y1 15,000 3rd Qtr, Y1 25,000 4th Qtr, Y1 40,000 1st Qtr, Y2 30,000 The company desires to have 20% of the following quarter's sales on hand at the end of each quarter. Required: 1) Prepare a quarterly production budget for the current year. Platypus, Inc., a producer of fine perfumes, has a beginning inventory of 2,000 bottles. The company estimates the budgeted sales for the four quarters of the current year to be: Sales (units) 1st Qtr, Y1 20,000 2nd Qtr, Y1 15,000 3rd Qtr, Y1 25,000 4th Qtr, Y1 40,000 1st Qtr, Y2 30,000 The company desires to have 20% of the following quarter's sales on hand at the end of each quarter. Required: 1) Prepare a quarterly production budget for the current year.

Answer rating: 100% (QA)

Answer To prepare a quarterly production budget for Platypus Inc for the current year we need to cal... View the full answer