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Question: Fusion Arts Inc. has found success by selling various styles of stained-glass decorations. The following information has been gathered: The stained-glass artwork sells for
Question: Fusion Arts Inc. has found success by selling various styles of stained-glass decorations. The following information has been gathered: The stained-glass artwork sells for $40 each. Recent and forecasted (Budgeted) sales (in units) are as follows: January (actual) 800 February (actual) 900 March (actual) 1,800 April 2,800 May 3,500 June 4,900 July 3,500 August 2,200 September 1,400 Required Prepare the Sales Budget for the second Quarter (SHOW YOUR WORK) Fusion Arts Inc. requires inventories of finished goods on hand at the end of each month to be equal to 50% of the following month's budgeted sales. As of March 31, the company had 1,400 pieces in inventory. Required Prepare the Production Budget for the second Quarter (SHOW YOUR WORK)
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