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Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,100 2 7,320 3 8,280

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows.

Quarter

HD-240

1 5,100
2 7,320
3 8,280
4 10,430

The January 1, 2020, inventory of HD-240 is 2,040 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 Year Ending December 31, 2020For the Quarter Ended December 31, 2020For the Month Ended December 31, 2020

Product HD-240

Quarter

1

2

3

4

Year

select an opening production budget item

Direct Materials PurchasesExpected Unit SalesDirect Materials Per UnitBeginning Finished Goods UnitRequired Production UnitsTotal Materials RequiredTotal Required UnitsBeginning Direct MaterialsDesired Ending Direct MaterialsDesired Ending Finished Goods Unit

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

Desired Ending Direct MaterialsTotal Required UnitsDirect Materials PurchasesRequired Production UnitsBeginning Direct MaterialsDesired Ending Finished Goods UnitTotal Materials RequiredBeginning Finished Goods UnitDirect Materials Per UnitExpected Unit Sales

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

Required Production UnitsDirect Materials Per UnitBeginning Direct MaterialsDirect Materials PurchasesDesired Ending Direct MaterialsDesired Ending Finished Goods UnitTotal Required UnitsBeginning Finished Goods UnitTotal Materials RequiredExpected Unit Sales

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

Direct Materials Per UnitTotal Required UnitsBeginning Finished Goods UnitBeginning Direct MaterialsDirect Materials PurchasesRequired Production UnitsDesired Ending Finished Goods UnitDesired Ending Direct MaterialsExpected Unit SalesTotal Materials Required

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

Desired Ending Direct MaterialsBeginning Direct MaterialsDesired Ending Finished Goods UnitBeginning Finished Goods UnitDirect Materials PurchasesDirect Materials Per UnitExpected Unit SalesRequired Production UnitsTotal Materials RequiredTotal 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

enter a total number of units

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