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Question 3: (40 Marks: 20 each): Monday Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for the second quarter
Question 3: (40 Marks: 20 each): Monday Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for the second quarter of the year. The sales forecast has been made as follows: Month Units April May June 40,000 52,000 36,000 42,000 60,000 July August The selling price per unit is $15 The management of the company wants ending inventory to be equal to 20% of the following month's sales. On March 31st, 8,000 units were on hand. Required: 1. Prepare the sales budget by month and for the second quarter ends June 30. 2. Prepare the Production budget by month and for the second quarter ends June 30
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