Down Under Products, Ltd., of Australia, has budgeted sales of its popular boomerang for the next four months as follows: Sales in Units April 50,000 May 75,000 June July 90,000 80,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's sales. The inventory at the end of March was 5,000 units. (Australia's currency is the Australian dollar.) Required: Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total. DOWN UNDER PRODUCTS, LTD. Production Budget April May June Quarter Total needs

Down Under Products, Ltd., of Australia, has budgeted sales of its popular boomerang for the next four months as follows: Sales in Units April 50,000 May 75,000 June July 90,000 80,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's sales. The inventory at the end of March was 5,000 units. (Australia's currency is the Australian dollar.) Required: Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total. DOWN UNDER PRODUCTS, LTD. Production Budget April May June Quarter Total needs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April Мay June 84,000 90,000 124,000 97,000 July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 16,800 units. Required: Prepare a production budget by month and in total, for the second quarter. Down Under Products, Ltd., Production Budget April May June Quarter Budgeted unit sales Total needs Required production in units
Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 74,000 May 85,000 June 114,000 July 92,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. The inventory at the end of March was 7,400 units. Required: Prepare a production budget by month and in total, for the second quarter.
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 80,000 May 90,000 June 120,000 July 95,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. The inventory at the end of March was 8,000 units. Required: Prepare a production budget by month and in total, for the second quarter.
Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 80,000 90,000 120,000 95,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 8,000 units. Required: Prepare a production budget by month and in total, for the second quarter. Total needs Budgeted unit sales Required production in units Down Under Products, Limited Production Budget April 0 0 May 0 0 June 0 0 Quarter 0 0
es Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 64,000 80,000 104,000 87,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 9,600 units. Required: Prepare a production budget by month and in total, for the second quarter. Total needs Budgeted unit sales Required production in units Down Under Products, Limited, Production Budget April 0 0 Quarter 0 0
Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 58,000 75,000 98,000 84,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 8,700 units. Required: Prepare a production budget by month and in total, for the second quarter. Budgeted unit sales Total needs Required production in units Down Under Products, Limited Production Budget April May June Quarter
Down Under Products, Limited of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales 50,000 75,000 90,000 80,000 April May June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 5,000 units. Required: Prepare a production budget by month and in total, for the second quarter. Down Under Products, Limited Production Budget April May June Quarter Budgeted unit sales Total needs Required production in units
Down Products, Ltd of Australia has budgeted sales of its popular brand for the next four months as follows:Sales in UnitsApril 50,000May 75,000June 90,000July 80,000The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end of month inventory levels must equal 10% of the following month’s sales. The inventory at the end of March was 5000 units.Prepare production budget for the second quarter, in your budget; show the number of units to be produced each month and for the quarter in total.
1. Michael Cage Manufacturing Company sells birdhouses. The company has prepared the following forecast for the third quarter of 2010: July5,000 units August6,000 units September10,000 units Inventory of finished goods on June 30, 2010, is budgeted at 1,000 units. Management would like the desired quantity of finished goods inventory at the end of each month equal to 20 percent of next month’s budgeted sales. October’s projected sales are 12,000 units. Each completed unit of finished product requires 3 square feet of cedar at a cost of P15 per square foot. The company has determined that it needs 10 percent of next month’s raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is: A.P329,400 B.P306,000 C.P214,800 D.P322,200 2. Montalbo’s Company’s sales budget shows the following expected sales for the following year: Quarter Units First 120,000 Second 160,000 Third 90,000…
1. Michael Cage Manufacturing Company sells birdhouses. The company has prepared the following forecast for the third quarter of 2010: July5,000 units August6,000 units September10,000 units Inventory of finished goods on June 30, 2010, is budgeted at 1,000 units. Management would like the desired quantity of finished goods inventory at the end of each month equal to 20 percent of next month’s budgeted sales. October’s projected sales are 12,000 units. Each completed unit of finished product requires 3 square feet of cedar at a cost of P15 per square foot. The company has determined that it needs 10 percent of next month’s raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in August is: A.P329,400 B.P306,000 C.P214,800 D.P322,200Please lend me a comprehensive solution. Thanks a lot!
One Device makes universal remote controls and expects to sell 450 units In January, 800 in February, 450 In March, 550 in April, and 650 in May. The required ending Inventory is 10% of the next month's sales. Prepare a production budget for the first four months of the year. One Device Production Budget For the Four Months Ending April 30, 20XX January February March 450 800 450 45 55 Expected Sales Add: Desired Ending Inventory Total Required Units Less: Beginning Inventory Required Production Total 80 530 45 485 845 80 765 505 45 460 April 550 65 615 55 560 1,845
Fact Pattern: Paradise Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1 through June 30: Direct material* Work-in-process July 1 40,000 10,000 80,000 Finished goods * Two units of direct material are needed to produce each unit of finished product. If Paradise Company plans to sell 480,000 units during the fiscal year, the number of units it will have to manufacture during the year is A. 450,000 units. O B. 480,000 units. 510,000 units. C. O D. June 30 50,000 20,000 50,000 440,000 units.