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Sugar Co. has forecast sales for the next three months as follows: July 4, 400 units, August 6, 400 units, September 7, 500 units, and
Sugar Co. has forecast sales for the next three months as follows: July 4, 400 units, August 6, 400 units, September 7, 500 units, and October 8, 400 units. Sugar's policy is to have an ending inventory of 30% of the next month's sales needs on hand. July 1 inventory is projected to be 1, 320 units. Manufacturing overhead is budgeted to be $17,000 plus $6 per unit produced. a. Prepare a production budget for Sugar for as many months as is possible. b. Prepare a manufacturing overhead budget for the three months July - September. Be sure to include a total for the quarter as well
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