Question
Marry company produce product X and he needs to make a budget for the next quarter, with the following information: Sales units April 10,000 units
Marry company produce product X and he needs to make a budget for the next quarter, with the following information: Sales units April 10,000 units May 20,000 units June 30,000 units July 40,000 units Additional information: a- The selling price is $4 per unit sold. b- The ending finished good inventory is 50% from the next month expected sales. c- The ending direct material inventory is 20% from the next month production direct material requirement. d- Each unit require 2 pounds of direct material and the cost per pound is $3 e- The ending direct material inventory of June is 18000 pounds. Required: Prepare a sales budget, production budget and direct material budget for the second quarter
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