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1) Jordan Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,240.00 Q2 Budgeted sales in units 5,300.00
1) Jordan Corp has the following sales data forecast for the next year
Q1 Budgeted sales in units 4,240.00
Q2 Budgeted sales in units 5,300.00
Q3 Budgeted sales in units 6,360.00
Q4 Budgeted sales in units 5,830.00
Selling price/ per unit $10.60
Sales collection in current quarter 65%
Sales collection in next quarter 30%
Uncollectible 5%
Last year outstanding A/R $42,665.00
Last year ending inventory 1060.00
desired ending inventory is 7.95% of next quarter budgeted sales
desired ending inventory for the forth quarter is 1192.50
Please prepare the Sales and Production budget.
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