Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Anderson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year shaw the estimated

image text in transcribedimage text in transcribedimage text in transcribed

Anderson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year shaw the estimated unil sales of the planters each month to be as foliows: Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeter sales. Each planter renuincs four pounds of polypropylene a type of plastic). The company wants to have 10% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound Read the requiremenils. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. February Quarter 9.900 Anderson Manufacturing Production Budget For the Months of January through March January Unit saks 3.2001 3,50011 Plus: Desired ending inventory 720 | 5201 Total nended 3,9201 4,220 Less: Beginning inventory 720 Units to produce March 3,100 1,980 5.080 900 10 BOD 620 . x Data table Number of planters to be sold 3,200 January February 3,600 March 3,100 4,500 April.... May 4,700 Print Done Requirements 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp

1st Canadian Edition

978-0132490252, 132490250, 978-0176223311

More Books

Students also viewed these Accounting questions