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The company desires to have finished goods inventory on hand at the end of each month equal to 1 1 percent of the following month's
The company desires to have finished goods inventory on hand at the end of each month equal to percent of the following month's budgeted unit sales. On June Sweet Crunch expects to have bags of chips on hand. Use the @ROUNDUP function to round up to the nearest whole number of units in desired ending inventory. Prepare a Production budget.
The final profluct bags of chips requires two direct materials: sweet potatoes and packaging. pounds of raw potatoes are required for each onepound bag of potato chips. Management desires to have materials on hand ie pounds of potatoes at the end of each month equal to percent of the following month's production needs. The beginning materials inventory, July is expected to be pounds. Potatoes cost $ per pound.
The Sweet Crunch Company produces and sells organic Sweet Potato Chips. The onepound family size bag of chips has two direct materials Organic Sweet Potatoes and packaging. The production process includes slicing the potatoes, lightly frying them, and lightly seasoning them with salt. Indirect materials include small amount of oil used to fry the chips and salt. Sweet Crunch is preparing budgets for the third quarter ending September For each requirement below prepare budgets by month for July, August, and September, and a total budget for the quarter.
The previous year's sales for the corresponding period were:
tableJuly bagsAugust bagsSeptember bagsOctober bagsNovember bags
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