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How would I go about creating a production budget for the year 2020 with such information given? a. Fourth-quarter sales for 2019 are $5,000 units
How would I go about creating a production budget for the year 2020 with such information given?
a. Fourth-quarter sales for 2019 are $5,000 units b. Unit sales hy quarter (for 2020) are projected as follows First quarter Second quarter Third quarter Fourth quarter 96,150 88,010 97,125 110,110 The selling price is $676 per unit. All sales are credit sales. Lava collects 85% of all sales within the quarter in which they are realized: the other 15% is collected in the following quarter. There are no bad debts There are 6,666 units in beginning inventory of finished goods. Lava is planning the following ending finished goods inventories for cach quarter. c. First quarter Second quarter Third quarter Fourth quarter 27,270 units 5,330 units 10.485 units 40,408 unitsStep by Step Solution
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