Answered step by step
Verified Expert Solution
Question
1 Approved Answer
managerial accounting- variable costing and budgeting please double check this as last time the person got everything wrong Symphony Electronics produces wireless speakers, for outdoor
managerial accounting- variable costing and budgeting
Symphony Electronics produces wireless speakers, for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate X 12 components per unit. The company is now planning raw material needis for the second quarter. Soles of tho At Weather are the bighest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a. The finished goods inventory on hand of the end of each month must be equal to 14,000 units plus 10% of the next month's saies. The finished goods inventory on March 31 is budgeted to be 26,700 units. b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following months production needs for raw materifis. The raw materials inventory on March 31 for XL. 12 is budgeted to be 97,700 components c. The company maintains no work in process inventories. A sales budget for the Al Weather speak k is as follows: Aequired: 1. Prepare a production budget for the All Weather for April, Moy, June and July. 2. Prepare a direct materials purchases budget showing the quantity of XL. 12 components to be purchased for April, May and June and for the quarter in total please double check this as last time the person got everything wrong
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