Question
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,300 2 7,300 3 8,460
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.
| Quarter | HD-240 | |
|---|---|---|
| 1 | 5,300 | |
| 2 | 7,300 | |
| 3 | 8,460 | |
| 4 | 10,270 |
The January 1, 2020, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020.
| TURNEY COMPANY Production Budget choose the accounting period For the Quarter Ended December 31, 2020For the Month Ended December 31, 2020For the Year Ending December 31, 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Product HD-240 | ||||||||||
| Quarter | ||||||||||
| 1 | 2 | 3 | 4 | Year | ||||||
| select an opening production budget item Beginning Finished Goods UnitDirect Materials PurchasesRequired Production UnitsDesired Ending Direct MaterialsTotal Required UnitsExpected Unit SalesDesired Ending Finished Goods UnitDirect Materials Per UnitBeginning Direct MaterialsTotal Materials Required | enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
| select between addition and deduction AddLess: select a production budget item Beginning Direct MaterialsTotal Materials RequiredExpected Unit SalesRequired Production UnitsDesired Ending Finished Goods UnitTotal Required UnitsDesired Ending Direct MaterialsDirect Materials PurchasesDirect Materials Per UnitBeginning Finished Goods Unit | enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
| select a summarizing line for the first part Direct Materials PurchasesDesired Ending Finished Goods UnitBeginning Finished Goods UnitTotal Materials RequiredRequired Production UnitsDirect Materials Per UnitBeginning Direct MaterialsDesired Ending Direct MaterialsExpected Unit SalesTotal Required Units | enter a total number of units for the first part | enter a total number of units for the first part | enter a total number of units for the first part | enter a total number of units for the first part | ||||||
| select between addition and deduction AddLess: select a production budget item Required Production UnitsExpected Unit SalesTotal Materials RequiredTotal Required UnitsBeginning Direct MaterialsDirect Materials PurchasesBeginning Finished Goods UnitDirect Materials Per UnitDesired Ending Finished Goods UnitDesired Ending Direct Materials | enter a number of units | enter a number of units | enter a number of units | enter a number of units | ||||||
| select a closing production budget item Beginning Finished Goods UnitRequired Production UnitsExpected Unit SalesDesired Ending Finished Goods UnitDesired Ending Direct MaterialsDirect Materials PurchasesBeginning Direct MaterialsTotal Materials RequiredDirect Materials Per UnitTotal Required Units | enter a total number of units | enter a total number of units | enter a total number of units | enter a total number of units | ||||||
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The Federal Budget Politics Policy Process
Authors: Allen Schick
3rd Edition
0815777353, 9780815777359
