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Can you please teach and explain how you calculated each value, what you did, how you got the name of each cell, etc. I want
Can you please teach and explain how you calculated each value, what you did, how you got the name of each cell, etc. I want to learn how to solve these.
Daisy Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia Three cubic centimetres (cc) of solvent Q80 are required to manufacture each unit of Fineclay, one of the company's products. The company is now planning raw materials needs for the third quarter, the quart in which peak sales of Fineclay occur. To keep production and sales moving smoothly, the company has th following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 1,950 units of Finecla plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 6,500 units. b. The raw materials inventory on hand at the end of each month must be equal to one-half of the followin month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 35,100 cc of solvent 280. c. The company maintains no work-in-process inventories. A sales budget for Fineclay for the last six months of the year follows: Budgeted Sales in Units July 22,750 August 26,000 September 32,500 October 19,500 November 13,000 December 6,500 Required: 1. Prepare a production budget for Fineclay for the months of July to October DAISY PRODUCTS LIMITED Production Budget July August Budgeted sales (units) 22,750 26,000 Add: Desired ending inventory Total needs September 32,500 October 19,500 3. Prepare a budget showing the quantity of solvent Q80 to be purchased for July, August, and September, and for the quarter in total. DAISY PRODUCTS LIMITED Raw Materials Purchases Budget July August September Third Quarter Total solvent Q80 needsStep by Step Solution
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