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Can I recieve help with this? Bonita manufactures competition stunt kites. In November, Edward Lewis prepared the following production budget for the first quarter of
Can I recieve help with this?
Bonita manufactures competition stunt kites. In November, Edward Lewis prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales. March Budgeted unit Sales Budgeted ending inventory Total units required Beginning inventory Budgeted production January 41,000 7,000 48.000 4,000 44,000 February 33,000 6,000 39.000 7,000 32,000 36,000 2.400 38,400 6,000 32,400 Quarter 110,000 2,400 112,400 4,000 108,400 Following higher-than-expected sales in December, Jerry conducted an inventory count on January 2 and discovered that the company had 3,000 completed kites on hand. He decided that given the slow sales in December, the company should decrease its desired ending inventory level from 20 to 15% of the next month's sales volume. (a) Prepare a new production budget for the first quarter. January February March Budgeted unit sales 41000 33000 360 5950 Budgeted ending inventory 5100 20 46950 Budgeted production 38100 380 3000 5950 51 Beginning inventory 43950 Total units required 32150 329 Bonita manufactures competition stunt kites. In November, Edward Lewis prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales. Budgeted unit Sales Budgeted ending inventory Total units required Beginning inventory Budgeted production January 41,000 7,000 48,000 4,000 44,000 February 33,000 6,000 39.000 7,000 32,000 March 36,000 2,400 38,400 6,000 32,400 Quarter 110,000 2,400 112,400 4,000 108,400 Following higher than expected sales in December, Jerry conducted an inventory count on January 2 and discovered that the company had 3,000 completed kites on hand. He decided that given the slow sales in December, the company should decrease its desired ending inventory level from 20 to 15% of the next month's sales volume. (a) Prepare a new production budget for the first quarter. January February March Quarter 41000 33000 36000 110000 5950 5100 2040 2040 46950 38100 38040 112040 3000 5950 5100 3000 i 43950 32150 32940 109040 e Textbook and MediaStep by Step Solution
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