Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please write show all Excel Work Please write show all Excel Work Schedule 2 Guide: EXERCISE 82 Production Budget QL08-3 Down Under Products, Ltd., of

Please write show all Excel Work

image text in transcribedimage text in transcribed

Please write show all Excel Work

Schedule 2 Guide:

image text in transcribed

EXERCISE 82 Production Budget QL08-3 Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 50,000 May 75,000 June 90,000 July 80,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 5,000 units. Required: Using Schedule 2 as your guide, prepare a production budget by month and in total, for the second quarter. Next A D E F 1 2 B Hampton Freeze, Inc. Production Budget For the Year Ended December 31, 2021 (in cases) 3 4 5 Assumed 6 Quarter 2 3 7 1 4 Year 10,000 30,000 40,000 20,000/ 100,000 20% 20% 20% 6,000 8,000 4,000 3,000 3,000 8 Budgeted unit sales (Schedule 1) 9 Add desired units of ending finished goods inventory* 10 Total needs 11 Less units of beginning finished goods inventory 12 Required production in units 16,000 38,000 44,000 23,000 103,000 2,000 6,000 8,000 4,000 2,000+ 14,000 32,000 36,000 19,000 101,000 13 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 6 S

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

Introduction To Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

6th Canadian Edition

1260060411, 9781260060416

More Books

Students also viewed these Accounting questions

Question

Summarize the reactive strategy of your organization.

Answered: 1 week ago