Question
Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following
Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following sales forecast for the coming month.
April | May | June | July | |||||||
Forecasted unit sales | 11,080 | 12,000 | 8,300 | 9,830 |
Julian expects to have 5,208 drum sets in ending inventory on March 31. The company's policy is to carry 47 percent of the following month's projected sales in ending inventory. Prepare Julian's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.)
In the spaces there are ..
budgeted production, Beginning inventory, Budgeted unit sales, Total units required, Budgeted ending inventory
Julian, Inc., makes and sells drum sets. Hope Smith, controller, is responsible for preparing the master budget. The sales manager has given Hope the following sales forecast for the coming month. AprilMayJuneJuly Forecasted unit sales11,08012,0008,3009,830Julian expects to have 5,208 drum sets in ending inventory on March 31. The company's policy is to carry 47 percent of the following month's projected sales in ending inventory. Prepare Julian's production budget for the second quarter. (Round answers to 0 decimal places, e.g. 5,275.) In the spaces there are .. budgeted production, Beginning inventory, Budgeted unit sales, Total units required, Budgeted ending inventoryStep by Step Solution
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