Question
Assume the sales budget for April and May is 33,000 units and 35,000 units, respectively. The production budget for the same two months is 30,000
Assume the sales budget for April and May is 33,000 units and 35,000 units, respectively. The production budget for the same two months is 30,000 units and 31,000 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following month's production needs. How many pounds of raw material need to be purchased in April?
Assume a companys estimated sales for January, February, and March are 27,000 units, 28,000 units, and 26,000 units, respectively. The company always maintains ending finished goods inventory equal to 35% of next months unit sales. What is the required production in units for January?
Assume the sales budget for April and May is 39,000 units and 41,000 units, respectively. The production budget for the same two months is 36,000 units and 37,000 units, respectively. Each unit of finished goods required 5 pounds of raw materials. The company always maintains raw materials inventory equal to 10% of the following months production needs. If the company pays $2.40 per pound of raw material, then what is the estimated cost of raw material purchases for April?
Assume a companys estimated unit sales and required production for January are 26,300 units and 25,160 units, respectively. The company always maintains ending finished goods inventory equal to 10% of next months unit sales. What is the estimated unit sales in February?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started