Business, 22.02.2020 02:25 nickname0097

The company wants to end each month with ending finished goods inventory equal to 25% of next month’s forecasted sales. Finished goods inventory on April 1 is 190 units. Prepare a production budget for the months of April, May, and June.

Answers: 1

Show answers

Answers

Answer from: dondre54

Complete Question:

Ruiz Co. provides the following sales forecast for the next four months:

April May June July

Sales (units)500 580 540 620

The company wants to end each month with ending finished goods inventory equal to 25% of next month’s forecasted sales. Finished goods inventory on April 1 is 190 units. Assume July’s budgeted production is 540 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. Beginning raw materials inventory for April was 663 pounds. Assume direct materials cost $4 per pound.

Prepare a production budget for the months of April, May, and June.

Solution:

Plan for production is the calculation or forecast of the number of units to be produced by the company to balance the expected revenue or plan inventory and stocks.

Prepare the production Bud:

Company R

Production Budget

For the months of April, May and June

Particulars( In units ) April May June

Next month's budgeted sales (units) 580 540 620

Ratio of inventory to future sales 25% 25% 25%

Budgeted ending inventory (units) 145 135 155

Budgeted unit sales for month 500 580 540

Required units of available production 645 715 695

Budgeted beginning inventory (units) (190) (145) (135)

Units to be produced 455 570 560

Answer from: Quest

where is the graph?

Answer from: Quest

The decision i made was if i should ask my friend a question that might hurt her but i still made it a good decision

Another question on Business

Business, 21.06.2019 21:40

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Answers: 1

Answer

Business, 22.06.2019 16:40

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?

Answers: 3

Answer

Business, 22.06.2019 19:00

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Answers: 1

Answer

Business, 22.06.2019 20:30

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted

Answers: 2

Answer

You know the right answer?

The company wants to end each month with ending finished goods inventory equal to 25% of next month’...

Questions