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[The following information applies to the questions displayed below.] A company makes one product and has provided the following information to help prepare the master
[The following information applies to the questions displayed below.]
A company makes one product and has provided the following information to help prepare the master budget.
- The budgeted selling price per unit is $70. Budgeted unit sales for January, February, March and April are 8,500, 16,000, 18,000, and 19,000 units, respectively. All sales are on credit.
- Forty percent of credit sales are collected in the month of the sale and 60% in the following month.
- The ending finished goods inventory equals 20% of the following months unit sales.
4. According to the production budget, calculate the number of units that should be produced in February.
Required information (The following information applies to the questions displayed below.) A company makes one product and has provided the following information to help prepare the master budget The budgeted selling price per unit is $70. Budgeted unit sales for January, February, March and April are 8,500,16,000, 18,000, and 19,000 units, respectively. All sales are on credit. . Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month's unit sales. 4. According to the production budget, calculate the number of units that should be produced in February Required production units
[The following information applies to the questions displayed below.]
A company makes one product and has provided the following information to help prepare the master budget.
- The budgeted selling price per unit is $70. Budgeted unit sales for January, February, March and April are 8,500, 16,000, 18,000, and 19,000 units, respectively. All sales are on credit.
- Forty percent of credit sales are collected in the month of the sale and 60% in the following month.
- The ending finished goods inventory equals 20% of the following months unit sales.
4. According to the production budget, calculate the number of units that should be produced in February.
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