1. (15 points) A sales budget is given below for one of the products manufactured by the Key
Co.:
January
February
March
April
May
June
21,000 units
36,000 units
61,000 units
41,000 units
31,000 nits
25,000 units
The inventory of finished goods at the end of each month should equal 20% of the next month's
sales. However, on December 31 the finished goods inventory totaled only 4,000 units. Each unit
of product requires three specialized electrical switches. Since the production of these specialized
switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an
ending inventory at the end of each month equal to 30% of the next month's production needs.
This requirement had been met on January 1 of the current year.
Required:
a. Prepare a budget showing the required production each month for January, February, March,
and April
b. Prepare a budget showing the quantity of switches to be purchased each month for January,
February, and March.
Business
Views: 0 Asked: 12-12 04:08:36
On this page you can find the answer to the question of the business category, and also ask your own question
Other questions in category
- The distinguishing feature of many firms that pursue _____ strategy is that they are selling a produ...
- For each cost item, indicate whether it would be variable or fixed with respect to the number of uni...
- according to the behavioral approaches to leadership, how should companies create effective managers...
- Which analyst position analyzes information using mathematical models to help business managers make...
- when merchandise is shipped f.o.b. destination, who includes the inventory on their balance sheet wh...
- It is now Prime Day, the deal is selling well, but you just got a call from the vendor explaining th...
- 1. (15 points) A sales budget is given below for one of the products manufactured by the Key...
- A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) wa...
- mr. wilson is a professor of marketing at the local university. in the student orientation program, ...
- Not to sure abt my ans.. i need some confirmation lol