Question
Production budget Topic: Master budget Given the following Schedule: Company XXX Schedule 1: Revenue Budget Period Units Selling Price Total Revenues Quarterly 1 15,000 5.00
Production budget
Topic: Master budget
Given the following Schedule:
| Company XXX Schedule 1: Revenue Budget | ||||
| Period | Units | Selling Price | Total Revenues |
|
| Quarterly 1 | 15,000 | 5.00 | $ 75,000.00 |
|
| Quarterly 2 | 20,000 | 5.00 | $ 100,000.00 |
|
| Quarterly 3 | 27,000 | 5.00 | $ 135,000.00 |
|
| Quarterly 4 | 23,000 | 5.00 | $ 115,000.00 |
|
Prepare the production budget assuming that the ending inventory of finished goods is equal to 5% of projected sales for the quarter. The ending finished goods inventory for the fourth quarter of 2x21 was $900
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
