Question
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,100 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 itemDesired 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 itemDirect 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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