Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Production Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school Flashkick's best-selling lines are the practice ball

image text in transcribed
image text in transcribed
Production Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school Flashkick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Fiashkick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 56,000 $8.75 7,500 $16.00 March 70,000 $8.75 12,000 $16.00 April 100,000 $8.75 18,000 $16.00 FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 3,300 practice soccer balls and 400 match soccer balls. Required: Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year. Production budget for practice balts: Flash Kick Company Production Budget - Practice Balls For the First Quarter of Next Year January February March Unit sales Total needed Units produced Production budget for match balls: Flash Kick Company January 50,000 $8.75 3160 7.000 February 56,000 $8.75 7,500 $16.00 March 70,000 $8.75 12,000 $16.00 $16.00 April 100,000 $8.75 18,000 Flashkick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 3,300 practice soccer balls and 400 match soccer balls. Required: Construct a production budget for each of the two product lines for Flash Kick Company for the first three months of the coming year. Production budget for practice balls: Flash Kick Company Production Budget -Practice Balls For the First Quarter of Next Year January February March Unit sales Total needed Units produced Production budget for match balls: Flash Kick Company Production Budget - Match Balls For the First Quarter of Next Year January February March Unit sales Total needed Units produced

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_2

Step: 3

blur-text-image_3

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing

5th Canadian Edition

0135004934, 978-0135004937

More Books

Students also viewed these Accounting questions

Question

=+ What does the usage of these products abroad look like?

Answered: 1 week ago