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
- How much interest is earned in just the 2nd year on a $1,000 deposit that earns 7% interest compound...
- The fact that a partnership, as a business, pays no corporate income tax, and that it is easily and ...
- Which of the following three factors affects an employee's motivation...
- It is now Prime Day, the deal is selling well, but you just got a call from the vendor explaining th...
- which statement accurately depicts how volatile exchange rates affect the international capital mark...
- The sales and cost data for two companies in the transportation industry are as follows:...
- Match the following government organizations with their healthcare and/or health information technol...
- To solve for the present value of a single sum, you need to know the future value, the number of com...
- If marginal cost exceeds average variable cost but is less than average total cost, then as output i...
- According to the neoclassical view, an increase in the cpi leads to __________, ceteris paribus...