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ending raw material inventory should be equal to 20% of next month Sparky Corporation will begin business operations on January 1, 2019. Below is the
ending raw material inventory should be equal to 20% of next month
Sparky Corporation will begin business operations on January 1, 2019. Below is the anticipated sales budget in units: January February March: April: May 30,000 80,000 30,000 30,000 60,000 Required in excel: Prepare a sales budget for January through March. Prepare a raw materials purchases budget for January through March. Prepare a production budget for January through March. Prepare a cash disbursements budget for January through March. I Additional Information: a. The selling price per unit is $100. b. Ending finished goods inventory should be equal to 10% of next month's sales projection. C. Each unit requires a raw material cost of $5 per pound at 3 pounds of material. d: Factory overhead is $18,000 per month. $8,000 is for depreciation. e. Labor cost is $10 per unit produced. f. All costs are paid in the month incurred except for purchases which is paid in the following monthStep by Step Solution
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