Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 quarterimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting A Focus on Ethical Decision Making

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

5th edition

324663854, 978-0324663853

Students also viewed these Accounting questions

Question

Explain the projection of a sensation.

Answered: 1 week ago