Flannel and Flounder Ltd (see exercise 1, $34.4) manufacture their goods one month before the goods are
Question:
Flannel and Flounder Ltd (see exercise 1, $34.4) manufacture their goods one month before the goods are sold. Monthly production is 110% of the following month's sales. Budgeted sales for July 2005 are 2000 units.
Required
Prepare Flannel and Flounder Ltd's production budget.
Data from Exercises 1
Flannel and Flounder Ltd's sales budget in units for six months ending 30 June 2005 is as follows: January 1000; February 1200; March 1300; April 1500; May 1700; June 1800. The price per unit will be $20 for the three months to 31 March but will be increased to $22 from 1 April.
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