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Please solve below Calculate the quantity of switches to be purchased each month for January, February, March and in total for the quarter. (Input all
Please solve below
Calculate the quantity of switches to be purchased each month for January, February, March and in total for the quarter. (Input all amounts as positive values.) January February March Quarter (Click to select) (Click to select) Total needs (Click to select) Required purchases A sales budget is given below for one of the products manufactured by the Rhys Hoskins Co.: January February March April May June Sales Budget in Units 21,000 36,000 61,000 41,000 31,000 26,000 The inventory of finished goods at the end of each month must equal 15% of the next month's sales. On December 31, the finished goods inventory totaled 3,150 units. Each unit of product requires three specialized electrical switches. Since the production of these specialized switches by Rhys Hoskins' suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to 33% of the next month's production needs. This requirement had been met on January 1 of the current year. Required: Prepare a production budget for January, February, March and April. (Input all amounts as positive values.) January 21000 7200 February 36000 March 61000 April 41000 Budgeted sales Add: Desired ending inventory Total needs Deduct: Beginning inventory Units to be producedStep by Step Solution
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