Question
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2008 sales budget is as...
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2008 sales budget is as follows.
Quarter HD-240
1 5,500
2 7,100
3 8,200
4 10,270
The January 1, 2020, inventory of HD-240 is 2,200 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter's sales. Sales in the first quarter of 2021 are expected to
be 25% higher than sales in the same quarter in 2020.
Prepare quarterly production budgets for each quarter and in total
for 2020.
TURNEY COMPANY
Production Budget
For the Year Ending December 31, 2020
Product HD-240
Quarter
1
2
3
4
Year
Expected unit salesDesired end. finished goods unitsBeg. finished
goods units
Add: Desired end. finished goods unitsExpected unit salesBeg.
finished goods units
Total required units
Less: Beg. finished goods unitsExpected unit salesDesired end.
finished goods units
Required production units
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