Question
Fisher Company manufactures cans of Sardines. The sales budget for the first four months is as follows: Unit Sales (packages) Dollar Sales January 20,000 $50,000
Fisher Company manufactures cans of Sardines. The sales budget for the first four months is as follows:
Unit Sales (packages) Dollar Sales
January 20,000 $50,000
February 25,000 $75,000
March 30,000 $100,000
April 15,000 $30,000
Company policy requires that ending inventories for each month be 20% of next months unit sales. That policy was met on January 1.
Prepare a production budget for the first quarter of the year. Make sure you calculate the number of cans produced for the first three months and for the quarter in total.
Jan Feb Mar Quarter Total
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The Evolution Of Audit Thought And Practice
Authors: T. A. Lee
1st Edition
0367502097, 978-0367502096
