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Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12

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Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements:

  1. The finished goods inventory on hand at the end of each month must be equal to 17,200 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 25,700 units.
  2. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XL 12 is budgeted to be 97,100 components.
  3. The company maintains no work in process inventories.

A sales budget for the All Weather speaker is as follows:

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image text in transcribed
the following inventory requiremunts: a. The finshed goods inventory on hand at the end of each month must be equal to 17,200 units phis fox, of the next monttrs tuties. The finktied goods inventory on March 31 is budgeted to be 25,700 units. b. The raw materials inventory on hand at the end of each month must be equal to 200 of the foliowing manoris production needs for raw materlats. The raw materlaks inventory on March 31 for XL. 12 is budgeted to be 97800 components C. The compary maintains no work in process irweotories. A sales budget for the All Weather speaker is as follows. Required: 1. Prepare a production budget for the All Weather for Aprit. Many. June and July 2. Prepare a direct materials purchases budget showing the quantity of Xi 12 components to be puichased for Apeti, Mry and Aune and for the quarter in total. the following inveniory requirements: The finshed goods inventory on March 31 is budgeted to be 25,700 units. faw materiak. The raw materials inwentory on March 31 for XL 12 is budgeted to be 97100 components. c. The company maintains no work in process irwentories. A saler budpet for the Ar Weather speaker k es follows: Required: Mequired: 1. Prepare a production budget for the All Weather for April, May, June and July. 2. Propare a direct materials purchases budget showing the quantify of XI. 12 components to be purchased for Aprit, Miry ans Jumet and for the quarter in total

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