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1. The Production Budget: Sit Down Inc. makes one product, wooden chairs. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter
1. The Production Budget: Sit Down Inc. makes one product, wooden chairs. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter 2021 are 90,100; 88,400; 91,600; and 93,900 units, respectively. The ending finished goods inventory should equal 15% of the following quarter's sales. Calculate the budgeted required production for the 3rd Quarter 2021. 2. The DM Budget: Come Home Corporation makes one product. Budgeted unit sales for the next four months are given below: September 212,580 October 214,940 November 213,190 December 215,710 Budgeted Unit Sales The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 25% of the following month's raw materials production needs. Each unit of finished goods requires 4 grams of raw materials. The raw materials cost $8.50 per gram. How many grams of raw materials should the firm plan to purchase for October
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