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BE 6 . 3 - Using Excel to Create a Production Budget PROBLEM Filling in for his supervisor, who suddenly left the company, Harvey quickly
BE Using Excel to Create a Production Budget
PROBLEM
Filling in for his supervisor, who suddenly left the company, Harvey quickly
evaluated the situation to wrap up his department's production budget. The
department currently holds enough inventory to be in compliance with its
standard which is based on the following month's budgeted sales. From the
sales and previous budgets, he learned the budgeted unit sales for the next
months and the standard for holding inventory at month end which are both
presented here.
Unit sales per month
Month
Month
Month
Month
Ending inventory standard
Materials held at month end
Student Work Area
Required: Provide input into cells shaded in yellow in this template. Input the required
mathematical formulas or functions with cell references to the Problem area or work area as
indicated.
Show the production budget that Harvey would assemble for the next quarter.
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