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pls help and show work. thx. Bramble Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for
pls help and show work. thx.
Bramble Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022. Because of the time needed to create each table, Bramble maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Bramble has been following this inventory policy for several years. The company ended 2021 with 400 tables on hand. Bramble maintains inventory of American cherry wood equal to 10% of the following quarter's production needs. On December 31, 2021, Bramble's physical inventory count showed 4,800 board feet of American cherry. Due to an anticipated price increase in 2023, managers want to have 5,000 board feet of American cherry wood in inventory on December 31. 2022. Prepare Bramble's 2022 direct materials purchases budget for American cherry wood. Direct Materials Purchases Budget 2nd Quarter 3rd Quarter 4th Quarter Annual Step by Step Solution
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