Tyson Chandler Companys sales budget projects unit sales of part 198Z of 10,000 units in January, 12,000
Question:
Tyson Chandler Company’s sales budget projects unit sales of part 198Z of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $3 per pound. Tyson Chandler Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 25% of the next month’s expected unit sales. These goals were met at December 31, 2009.
Instructions
(a) Prepare a production budget for January and February 2010.
(b) Prepare a direct materials budget for January 2010.
Step by Step Answer:
a TYSON CHANDLER COMPANY Production Budget For the Two Months Ending February 28 201...View the full answer
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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