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The Ace Buttery Company has forecast its sales in units as follows: Ace always keeps an ending inventory equal to 110 percent of the next
The Ace Buttery Company has forecast its sales in units as follows: Ace always keeps an ending inventory equal to 110 percent of the next monthrs expected sales. The ending inventory for December (January's beginning inventory) is 2750 units, which 15 consistent with this policy. Matertaks cost $14 per unt and are paid for in the month after production, Labout cost is $7 per unit and is paid in the month the cost is incurred, Overhead costs are $14,500 per month. Interest of $9700 is scheduled to be paid in March, and employee bonuses of $14.900 will be paid in June. Q. Prepare e monthly profuction schedule for January throught June. (Enter all values as positive volue.) b. Prepare a monthly summary of cash payments for January firoogh June. Ace produced 2,300 units in December. incurred Overhead costs are $14,500 per month, Interest of $9700 is scheduled to be paid in March, and enployee bonuses of $14,900 will be paid in June: a. Prepare a monthly production schedule for January through Jurne, (Enter all values as positive value.) b. Prepare a monthly summary of cash payments for January through June. Ace produced 2,300 units in Decernber
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