Question
The Wilton Company manufactures and sells three products: X, Y and Z. In September, 20A the company budget department gathered the following forecast data for
The Wilton Company manufactures and sells three products: X, Y and Z. In September, 20A the company budget department gathered the following forecast data for operations of the coming year. Projected sales for fourth quarter Item Quantity Unit price Product x 4500 12 Product y 2000 25 Product z 3000 20 Inventories in units Item Beginning Desired ending Product x 600 900 Product y 500 400 Product z 400 500 Product A 2000 2500 Product B 1500 2000 Product C 2500 2000 Material production requirement for each unit of product Item Unit of material A Unit of material B Unit of material C Product x 3 2 2 Product y 2 2 4 Product z 3 3 2 There is no beginning or ending inventory of work in process. Budgeted cost material A, B, C, are 0 1.50, 1. Prepare a sales budget that includes quantities and revenue for each of three products. 2. Prepare a production budget for all three products. 3. Prepare a material usage budget. 4. Prepare a material purchase budget.
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