Question
I need the solution for this problem. Please include all steps. Chrystal Telecom has budgeted the sales of its innovative mobile phone over the next
I need the solution for this problem. Please include all steps. Chrystal Telecom has budgeted the sales of its innovative mobile phone over the next 4 months as follows"
Sales in Units | ||||
July | 30,000 | |||
August | 45,000 | |||
September
| 60,000 | |||
October | 50,000 |
The company is now in the process of preparing a production budget for the third quarter. Past experience has shown that the end of the month finished goods inventories must equal 10% of the next month's sales. The inventory at the end of June was 3,000 units.
Required:
Prepare a production budget for the third quarter showing the number of units to be produced each month and for the quarter in total
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