Question
The marketing department of HASF Corporations has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) Q1 Q2 Q3
The marketing department of HASF Corporations has submitted the following sales forecast for the upcoming fiscal year (all sales are on account)
Q1
Q2
Q3
Q4
total
Budgeted units sales
?
10% increase
10 % decrease
16,335
62,685
Budget selling price per unit
18
18
18
?
18
budgeted sales revenue
?
297,000
?
294,030
?
Other information
Each quarter ending finished goods inventory is 20% of next month units sold. Next year first quarter beginning inventory is 3,000. Each finished units require 3 grams of raw material that cost Rs 3 per unit. Management desired to end each quarter with an inventory of raw material equal to 15% of the current quarter production needs Beginning inventory of raw material in first quarter 3,000 grams
Find total cost of raw material purchased in all four Quarters?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting And Auditing Research Tools And Strategies
Authors: Thomas R. Weirich, Thomas C. Pearson, Natalie Tatiana Churyk
7th Edition
