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Based on the information in Cases and Projects 22-5: What are your responses to questions a and b Example Exercise 22-2 Production Budget Obj. 4

Based on the information in Cases and Projects 22-5:

  • What are your responses to questions a and bimage text in transcribedimage text in transcribed
Example Exercise 22-2 Production Budget Obj. 4 Landon Awards Co. projected sales of 45,000 brass plaques for 20Y5. The estimated January 1, 2045, inventory is 3,000 units, and the desired December 31, 2045, inventory is 5,000 units. What is the budgeted production (in units) for 20Y5? Follow My Example 22-2 Expected units to be sold Plus desired ending inventory, December 31, 2015. Total units required.. Less estimated beginning inventory, January 1, 2045 Total units to be produced... 45,000 5,000 50,000 3,000 47,000 Practice Exercises: PE 22-2A, PE 22-2B PR 22-2A Sales, production, direct materials purchases, and direct labor OBJ. 4 cost budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for March is summarized as follows: a. Estimated sales for March by sales territory: Maine: Backyard Chef... 350 units at $800 per unit Master Chef. ... 200 units at $1,400 per unit Vermont: Backyard Chef 400 units at $825 per unit Master Chef...... 240 units at $1,500 per unit New Hampshire: Backyard Chef 320 units at $850 per unit Master Chef.... 200 units at $1,600 per unit b. Estimated inventories at March 1: Direct materials: Finished products: Grates..... 320 units Backyard Chef 30 units Stainless steel.... 1,700 lb. Master Chef... 36 units Burner subassemblies 190 units Shelves...... 350 units

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