Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help pls. the ones I got wrong are the ones with the red x 2 Down Under Products, Ltd., of Australia has budgeted sales of

image text in transcribed

help pls. the ones I got wrong are the ones with the red x

2 Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: 1 points April May June July Unit Sales 86,000 90,000 126,000 98,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 8,600 units. Required: Prepare a production budget by month and in total, for the second quarter. Answer is complete but not entirely correct. June May 90.000 Quarter Down Under Products, Ltd., Production Budget April Budgeted unit sales 86.000 Add: Desired units of ending finished goods 9,000 inventory Total needs 95.000 Less: Units of beginning finished goods inventory 8.600 Required production in units 86,400 126.000 302.000 12,000 X 9.500 9.500 102.000 s 9.000 135,500 12.000 123.500 311.500 8.600 x 93,000 302.900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions