Accounting $2120$

Chapter $22-$ Budgets

Tiger Manufacturing estimates that sales $($units$)$ will be $32,000$ in quarter $1$;$39,000$ in quarter $2$;$46,000$ in quarter $3$ ; and $48,000$ in quarter $4.$ The selling price is expected to be $$35$ per unit. Prepare a sales budget for quarters $1-4$ for the year ending December $2020.$

$\backslash$table$[[,$Q$1,$Q$2,$Q$3,$Q$4,$Total$],[$Est$.$ Sales $($units$),,,,,],[$X Est. Price,,,,,$],[$Total$,,,,,]]$

II$.$ Estimated sales are given in #$1$ above. Management requires an ending inventory $($finished goods$)$ equal to $10\%$ of next quarter's expected unit sales. Prepare a production budget for the first $3$ quarters of $2020$

$\backslash$table$[[,$Q$1,$Q$2,$Q$3,$Q$4,$Total$],[$Exp$.$ Unit Sales,$32000,39000,,,],[+$ Desired End. FG$,3900,4600,,,],[$Total Units Available,$35900,43600,,,],[-$ Beg. FG$*,(3200),(3900),,,],[\backslash$table$[[$Required Units to$],[$Produce$]],32700,39700,,,]]$