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Question 2 --/2 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter HD-240 1 5,400 2

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--/2

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows.

Quarter

HD-240

1 5,400
2 7,160
3 8,460
4 10,460

The January 1, 2017, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017. Prepare quarterly production budgets for each quarter and in total for 2017.

TURNEY COMPANY Production Budget choose the accounting period For the Month Ended December 31, 2017For the Year Ending December 31, 2017For the Quarter Ended December 31, 2017

Product HD-240

Quarter

1

2

3

4

Year

select an opening Production Budget item Beginning Direct MaterialsBeginning Finished Goods UnitDesired Ending Direct MaterialsTotal Required UnitsTotal Materials RequiredDirect Materials PurchasesRequired Production UnitsExpected Unit SalesDesired Ending Finished Goods UnitDirect Materials Per Unit

Enter a number of units

Enter a number of units

Enter a number of units

Enter a number of units

select between addition and deduction AddLess: select a production budget item Direct Materials Per UnitDesired Ending Finished Goods UnitBeginning Finished Goods UnitTotal Materials RequiredDesired Ending Direct MaterialsBeginning Direct MaterialsExpected Unit SalesRequired Production UnitsTotal Required UnitsDirect Materials Purchases

Enter a number of units Enter a number of units Enter a number of units Enter a number of units

select a summarizing line for the first part Desired Ending Direct MaterialsTotal Required UnitsBeginning Finished Goods UnitDirect Materials PurchasesDesired Ending Finished Goods UnitBeginning Direct MaterialsExpected Unit SalesTotal Materials RequiredRequired Production UnitsDirect Materials Per Unit

enter a total number of units for the first part

enter a total number of units for the first part

enter a total number of units for the first part

enter a total number of units for the first part

select between addition and deduction AddLess: select a production budget item Beginning Direct MaterialsTotal Materials RequiredDesired Ending Finished Goods UnitDirect Materials Per UnitDirect Materials PurchasesTotal Required UnitsDesired Ending Direct MaterialsExpected Unit SalesBeginning Finished Goods UnitRequired Production Units

Enter a number of units Enter a number of units Enter a number of units Enter a number of units

select a closing Production Budget item Total Materials RequiredBeginning Finished Goods UnitDirect Materials Per UnitDesired Ending Finished Goods UnitTotal Required UnitsDirect Materials PurchasesDesired Ending Direct MaterialsRequired Production UnitsBeginning Direct MaterialsExpected Unit Sales

enter a total amount for the Production Budget enter a total amount for the Production Budget enter a total amount for the Production Budget enter a total amount for the Production Budget enter a total amount for the Production Budget

Attem

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