Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save & Ent Submit The Ace Battery Company has forecast its sales in units as follows January 2,489 May February 2,250 June March 2,200

image text in transcribed
image text in transcribed
Help Save & Ent Submit The Ace Battery Company has forecast its sales in units as follows January 2,489 May February 2,250 June March 2,200 July April 2,700 2.950 3,100 2.800 02:3432 . Ace always keep an ending inventory equal to 140 percent of the next month's expected sales. The ending inventory for December January's beginning inventory is 3,360 units, which is consistent with this policy Materials cost $13 per unit and are paid for in the month after production, Labour cost is $6 per unit and is paid in the month the cost is incurred. Overhead costs are 54.000 per month. Interest of $9600 is scheduled to be paid in March and employee bonuses of $14.800 wul be paid in June 6. Prepare a monthly production schedule for January through June, inter all values as positive value) Sittery CY Prict Schedule Pary mard Hay JU Forecasted unt sales Desired ning nentory 11 units to be reduced ace Battery Company Production Schedule February March Januar June July Forecasted unit sales Destrel ending inventory Beginning Inventory Units to be produced b. Prepare a monthly summary of cash payments for January through June. Ace produced 2.200 units in December e Battery Company Seary of cash tweets March Art Tunte 1 $ Units produced Material cost Labour cost Overhead cost interest loyee bonuses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Markets And Institutions

Authors: Frederic S. Mishkin, Stanley G. Eakins

7th Edition

013213683X, 978-0132136839

More Books

Students also viewed these Finance questions