Question

ABC Company’s budgeted sales for June, July, and August are 13,800, 17,800, and 15,400 units, respectively....

ABC Company’s budgeted sales for June, July, and August are 13,800, 17,800, and 15,400 units, respectively. ABC requires 40% of the next month’s budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 5,520 units. Required: Calculate the number of units to be produced in June and July.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ABC Company’s budgeted sales for June, July, and August are 12,400, 16,400, and 14,400 units, respectively....
ABC Company’s budgeted sales for June, July, and August are 12,400, 16,400, and 14,400 units, respectively. ABC requires 30% of the next month’s budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 3,720 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next month’s budgeted production as raw material inventory each month. Required: Calculate the number of pounds of raw material to be...
ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively....
ABC Company’s budgeted sales for June, July, and August are 15,600, 19,600, and 17,600 units, respectively. ABC requires 30% of the next month’s budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 4,680 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next month’s budgeted production as raw material inventory each month. Required: Calculate the number of pounds of raw material to be...
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and...
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,900, 20,000, 22,000, and 23,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of...
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and...
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,900, 20,000, 22,000, and 23,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of...
Osage, Inc., has actual sales for May and June and forecast sales for July, August, September,...
Osage, Inc., has actual sales for May and June and forecast sales for July, August, September, and October as follows: Actual: May 5,930 units June 6,240 units Forecast: July 5,910 units August 6,890 units September 5,630 units October 5,210 units Required: a. The firm’s policy is to have finished goods inventory on hand at the end of the month that is equal to 70% of the next month’s sales. It is currently estimated that there will be 4,137 units on...
Detmer Enterprises has the following budgeted sales: Budgeted Sales in Units June 6,800 units July 5,100...
Detmer Enterprises has the following budgeted sales: Budgeted Sales in Units June 6,800 units July 5,100 units August 4,400 units September 7,300 units Past experience has shown that the ending finished goods inventory for each month should be equal to 20% of the next month's expected sales in units. Additionally, it is known that every unit produced requires four direct labor hours to make and direct laborers are paid $15 per hour. Assume that Detmer pays 65% of its direct...
Tyler Co. Production Budget April, May and June April May June Next month’s budgeted sales (units)...
Tyler Co. Production Budget April, May and June April May June Next month’s budgeted sales (units) % % % 0 0 0 Units to be produced 0 0 0 Tyler Co. predicts the following unit sales for the next four months: April, 3,600 units; May, 4,700 units; June, 6,700 units; and July, 3,000 units. The company’s policy is to maintain finished goods inventory equal to 20% of the next month’s sales. At the end of March, the company had 700...
Neven expects to have 20,000 units of finished goods inventory on hand on March 31 and...
Neven expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July: April 120,000 May 140,000 June 150,000 July 120,000 At the end of each month Neven targets ending finished goods inventory to be 20% of the next month’s projected sales (in units). Calculate budgeted production (in units) for May. Each unit requires four (4) pounds of direct materials. The ending inventory...
1. Shadee Corp. expects to sell 530 sun visors in May and 380 in June. Each...
1. Shadee Corp. expects to sell 530 sun visors in May and 380 in June. Each visor sells for $20. Shadee’s beginning and ending finished goods inventories for May are 85 and 45 units, respectively. Ending finished goods inventory for June will be 65 units. It expects the following unit sales for the third quarter: July 560 August 450 September 450 Sixty percent of Shadee’s sales are cash. Of the credit sales, 52 percent is collected in the month of...
Recard Corporation makes one product. Budgeted unit sales for July, August, and September are 8,000, 12,000,...
Recard Corporation makes one product. Budgeted unit sales for July, August, and September are 8,000, 12,000, and 15,000 units, respectively. Recard’s desired ending finished goods inventory is 20% of the following month's sales and inventory on July 1st is 2,000 units. The budgeted production for August is closest to: a. 11,400 units b. 15,000 units c. 12,600 units d. 12,000 units
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT