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please mention the correct answer this is the production budget Less: Beg. Inventory Units to Produce 250 2,050 500 600 O 650 None of these
please mention the correct answer
this is the production budget
Less: Beg. Inventory Units to Produce 250 2,050 500 600 O 650 None of these QUESTION 3 1 points Based on Production Budget! Complete the following Missing Amounts. So taking a look at our production budget, what do you notice? Even though we intend to sell ? pairs of shoes this year, we are producing Why? Because we would like to have a larger ending inventory at the end of this year. This could be for a few reasons. Perhaps we anticipate higher sales in the first quarter, or maybe we want to have a plant shut down in the early part of the year. This higher ending finished goods inventory would allow us to cover those two situations. 2,000 and 2,050 2,500 and 2,050 2,200 and 2,150 O None of these QUESTION 4 Direct Materials Budget Service Shoe Company is off to a great budgeting start! We have put together a sales budget, so we know how many pairs of intend to sell, then we created a production budget, so now we know how many we need to produce each quarter to meet sale In order to complete this budget, let's look at a few pieces of important information. $200,000 60,000 None of these QUESTION 2 1 points Production Budget Once we get the sales budget prepared, you can see on the flow chart that the next budget we need to work on is the production budget. This budget is necessary to provide all of the details we need to prepare direct materials, direct labor and manufacturing overhead budgets that come next. So remember our sales numbers for Service Shoe Company from our sales budget. We plan to sell 2,000 pairs of shoes, evenly distributed between the four quarters of the year. Armed with this information, we can create our production budget. We had 100 pairs of shoes in our finished goods inventory at the end of the previous year, so we can use that number as we start our production budget. We also want to always have at least 50 pair in our finished goods inventory at the end of each quarter, but would like to end the year with 150 pair in inventory to start the next year. By Completing the following budget. Compute the units to produce in Q3 (Third Quarter)? Production Budget 1Q 20 30 40 Annual Total 2,000 300 Budgeted Unit Desired Ending Innv. Total Units Needed Less: Beg. Inventory Units to Produce 2.300 250 2,050 500 0600 0 650 None of these QUESTION 3 1 points Save AStep by Step Solution
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