Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NAKE's sales budget for basketballs for the next months: Jan Feb Mar Apr Units 500,000 600,000 400,000 700,000 They sell each basketball for $12 They

image text in transcribed
NAKE's sales budget for basketballs for the next months: Jan Feb Mar Apr Units 500,000 600,000 400,000 700,000 They sell each basketball for $12 They want ending inventory to be 30% of the next month's sales units. Beginning Finished goods inventory is 100,000 units. It takes 2 pounds of rubber to make each basketball. That is the only Direct Ma- Beginning Direct Material inventory is 10,000 pounds of rubber They want ending raw material inventory to be 10% of the next month's direct material need. One pound of rubber cost them $2 Each basketball takes 30 minutes of labor and labor cost is $12 per hour Prepare the Sales Budget for Jan-Mar Jan Feb Mar Units Revenue Prepare the Unit Production Budget in Units for Jan-Mar Jan Feb Mar Prepare the Raw Materials Budget for Jan - Feb in pounds and dollars Jan Feb Prepare the direct labor budget for Jan, Feb and Mar Jan Feb Mar 1 2 3 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Auditing Electronics Data Processing Systems

Authors: WATNE

1st Edition

0130516163, 978-0130516169

More Books

Students also viewed these Accounting questions