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Water Sport Inc. manufactures a small personal water tube used for children learning to swim. Management is now preparing detailed budgets for the third quarter,
Water Sport Inc. manufactures a small personal water tube used for children learning to swim. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist:
a The Marketing Department has estimated sales as follows for the remainder of the year number of water tubes:
tableJulyOctober,AugustNovember,SeptemberDecember,
The selling price of the water tubes is $
b All sales are on account. Based on past experience, sales are expected to be collected in the following pattern:The beginning accounts receivable balance excluding uncollectible amounts on July will be $c The company maintains finished goods inventories equal to of the following month's sales. The inventory of finished goods onSame question like this is available on chegg. I just want to get an example of production budget from july to october, direct materials budget as well
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