Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Corporation has the following budgeted sales for the next six-month period. Month June July August September October November Sales (in units) 90.000 120.000 210.000 150.000
Corporation has the following budgeted sales for the next six-month period. Month June July August September October November Sales (in units) 90.000 120.000 210.000 150.000 180.000 120.000 There are 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. 5 kg of materials are required for each unit produced. Each kg of material costs $8. Inventory levels for materials are equal to 30% of the needs for the next month. Materials inventory on June 1 was 15.000 kg. a. Prepare production budgets in units for July, August, and September. b. Prepare purchases budgets in kg. for July, August, September separately and give total purchases in both kg. and dollars for each month
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