Question

Below is budgeted production and sales information for Flushing Company for the month of December: Product...

Below is budgeted production and sales information for Flushing Company for the month of December:

Product XXX Product ZZZ
Estimated beginning inventory 31,000 units 17,300 units
Desired ending inventory 34,800 units 15,400 units
Region I, anticipated sales 327,000 units 251,000 units
Region II, anticipated sales 183,000 units 142,000 units

The unit selling price for product XXX is $7 and for product ZZZ is $15. Budgeted production for product ZZZ during the month is

575,800 units

393,000 units

408,400 units

391,100 units

Below is budgeted production and sales information for Flushing Company for the month of December:

Product XXX Product ZZZ
Estimated beginning inventory 30,800 units 16,400 units
Desired ending inventory 34,800 units 15,000 units
Region I, anticipated sales 301,000 units 254,000 units
Region II, anticipated sales 180,000 units 148,000 units

The unit selling price for product XXX is $5 and for product ZZZ is $14. Budgeted sales for the month are

$8,744,000

$12,362,000

$4,415,000

$8,033,000

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Homework Answers

Answer #1

Budgeted production for product ZZZ during the month is

Budgeted production = (Region I, anticipated sales + Region II, anticipated sales + Desired ending inventory) - Estimated beginning inventory

Budgeted production = (251,000 + 142,000 + 15,400) - 17,300

Budgeted production = 408,400 - 17,300

Budgeted production = 391,100 units

Budgeted sales for the month are

Budgeted sales = (Region I, anticipated sales + Region II, anticipated sales) * selling price for product XXX + (Region I, anticipated sales + Region II, anticipated sales) * selling price for product ZZZ

Budgeted sales = (301,000 + 180,000) * $5 + (254,000 + 148,000) * $14

Budgeted sales = $2,405,000 + $5,628,000

Budgeted sales = $8,033,000

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