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The management of Zingy Manufacturing prepared the following estimated balance sheet for March, 2015: To prepare a master budget for April, May, and June of
The management of Zingy Manufacturing prepared the following estimated balance sheet for March, 2015: To prepare a master budget for April, May, and June of 2015, management gathers the following information. Sales for March total 23, 200 units, Forecasted sales in units are as follows: April, 23, 200; May, 17, 100; June, 21, 900; July, 23, 200. Sales of 257,000 units are forecasted for the entire year. The product's selling price is $25,00 per unit and its total product cost is $20.50 per unit. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials requirements. The March 31 raw materials inventory is 4, 580 units, which compiles with the The management of Zingy Manufacturing prepared the following estimated balance sheet for March, 2015: To prepare a master budget for April, May, and June of 2015, management gathers the following information. Sales for March total 23, 200 units, Forecasted sales in units are as follows: April, 23, 200; May, 17, 100; June, 21, 900; July, 23, 200. Sales of 257,000 units are forecasted for the entire year. The product's selling price is $25,00 per unit and its total product cost is $20.50 per unit. Company policy calls for a given month's ending raw materials inventory to equal 50% of the next month's materials requirements. The March 31 raw materials requirements. The March 31 raw materials inventory is 4, 580 units, which compiles with the
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