Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone help on this question Please. thank you in advance!!! needed help with Quarter Anthony is learfing the ropes in his new position, looking

Can someone help on this question Please. thank you in advance!!!

image text in transcribed

image text in transcribed

needed help with Quarter

Anthony is learfing the ropes in his new position, looking over the production department's budgets from the past two years. He notices that his production department requires information from the sales division; in turn, the production budget is sent on to other departments. He now sees how the budget pieces fit together and how the production area contributes to the bigger picture. After seeing these connections, he gathers the following information. Additional information: - Budgeted selling price is $21 perunit. - Desired monthly ending inventory 15% of the next month's sales. - Beginning finished goods inventory on January 1 is 330 units. Anthony recognizes the production department currently holds slightly less inventory than planned, but for good reason-December sales exceeded its goals! (a) Prepare the sales forecast for the first quarter of the upcoming year. Anthony is learning the ropes in his new position, looking over the production department's budgets from the past two years. He notices that his production department requires information from the sales division; in turn, the production budget is sent on to other departments. He now sees how the budget pieces fit together and how the production area contributes to the bigger picture. After seeing these connections, he gathers the following information. Additional information: - Budgeted selling price is $21 per unit. - Desired monthly ending inventory is 15% of the next month's sales. - Beginning finished goods inventory on January 1 is 330 units. Anthony recognizes the production department currently holds slightly less inventory than planned, but for good reason-December sales exceeded its goals! (a) Prepare the sales forecast for the first quaiter of the upcoming year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Tracking Your Trek Looking Backward To Determine Your Forward

Authors: Erica Pauly

1st Edition

979-8839157330

More Books

Students also viewed these Accounting questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago

Question

Carry out an interview and review its success.

Answered: 1 week ago