Question
Jiklo limiited has following sales budget for next 4 month; May June July August Units 4000 5000 6000 6500 Sales 20 25 33 39 Each
Jiklo limiited has following sales budget for next 4 month;
May June July August
Units 4000 5000 6000 6500
Sales 20 25 33 39
Each widget requires 25 grams of palladium, which cost $ 70 per gram.
63% of accounts receivable are collect in month of sale, 34% are collected in follwoing month and 3 % are epxected to go bad. A 2% discount is given to customers who pay within the month of sale.
Raw materials inventory at the end of each month should be 50% in following month productiion. 30% of cost of raw material purchase is paid in the month of purchase.
Finished goods inventory at the end of each mont hshould be 24% . At the begining of may, invenotry is expecte to be 3,000 units.
Calculate the number of widgets that needs to be produced in June.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started