Question
Company xxx manufactures banana biscuits. Its budget is detailed on a quarterly basis. The projected sales for 2022 is: Trimester Sales forecast (in units )
Company xxx manufactures banana biscuits. Its budget is detailed on a quarterly basis.
The projected sales for 2022 is:
| Trimester | Sales forecast (in units ) |
| First (january, february, march) | 15,000 |
| Second (april, may, june) | 20,000 |
| Third (july, august, september) | 27,000 |
| Four (october, november, december) | 23,000 |
Revenues budget:
| Units | Selling Price | Total revenues |
| Quarter 1 15,000 | $5.00 | $75,000 |
| Quarter 2 20,000 | $5.00 | $100,000 |
| Quarter 3 27,000 | $5.00 | $135,000 |
| Quarter 4 23,000 | $5.00 | $115,000 |
|
|
|
|
|
|
|
|
Assumes ending finished goods inventory equals 5% of projected sales for the quarter. The ending finished goods inventory for the fourth quarter of 2x21 was 900.00. For the year 2x22 prepare the production budget by quarter in units.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
