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Solomon, Inc. is preparing budgets for the quarter ending Sep 30. Budgeted sales for the next five months are: Jun 12,000 units Jul 15,000 units
| Solomon, Inc. is preparing budgets for the quarter ending Sep 30. | ||
| Budgeted sales for the next five months are: | ||
| Jun | 12,000 units | |
| Jul | 15,000 units | |
| Aug | 20,000 units | |
| Sep | 25,000 units | |
| Oct | 20,000 units | |
| Nov | 18,000 units | |
| Dec | 17,500 units | |
| The selling price is $10/ unit. | ||
| The management wants ending inventory to be equal to 40% of the following 2 months budgeted sales in UNITS. On June 30, 8,000 units were on hand. | ||
| Eight pounds of material are required per unit of product. Management wants materials on hand at the end of each month equal to 20% of the following months production. | ||
| On June 30, 20,000 pounds of material are on hand. Material costs 0.75$ per pound. | ||
| Each unit of product requires 0.25 hours of direct labor. Wage rate is set $6 per DLH. | ||
| Please prepare: | ||
| a. Sales budget | ||
| b. Production budget | ||
| c. DM budget | ||
| d. DL budget | ||
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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
978-0538735452
