Financial & Managerial Accounting
13th Edition
ISBN: 9781285866307
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 21, Problem 21.5EX
To determine
Production Budget shows the quantities of units that a company must produce to meet the budgeted sales and inventory.
To Prepare: The production budget for the small and large scales for the month ended July 31, 2017.
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Production Budget
FitHealth Inc. produces a small and large version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows:
Bath Scale
Gym Scale
East Region unit sales
20,000
35,800
West Region unit sales
21,600
22,700
Total
41,600
58,500
The finished goods inventory estimated for October 1 for the Bath and Gym scale models is 1,100 and 2,000 units, respectively. The desired finished goods inventory for October 31 for the Bath and Gym scale models is 800 and 2,200 units, respectively.
Prepare a production budget for the Bath and Gym scales for the month ended October 31.
FitHealth Inc.Production BudgetFor the Month Ending October 31
UnitsBathScale
UnitsGymScale
Expected units to be sold
Plus desired inventory, October 31
Total units required
Less estimated inventory, October 1
Total units to be produced
Production Budget
Healthy Measures Inc. produces a Bath and Gym version of
its popular electronic scale. The anticipated unit sales for
the scales by sales region are as follows:
Northern Region unit sales
Southern Region unit sales
Total
Gym
Scale
The finished goods inventory estimated for March 1, for the
Bath and Gym scale models is 1,100 and 2,700 units,
respectively. The desired finished goods inventory for March
31 for the Bath and Gym scale models is 800 and 2,900
units, respectively.
Bath
Scale
26,100 33,300
28,200 29,600
54,300 62,900
Prepare a production budget for the Bath and Gym scales
for the month ended March 31. For those boxes in which
you must enter subtracted or negative numbers use a
minus sign.
Total units available
Healthy Measures Inc.
Production Budget
For the Month Ending March 31
Total units to be produced
Units Bath Scale Units Gym Scale
Production Budget
Weightless Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows:
Bath Scale
Gym Scale
East Region unit sales
27,500
34,800
West Region unit sales
29,700
31,200
Total
57,200
66,000
The finished goods inventory estimated for October 1, for the Bath and Gym scale models is 1,200 and 2,100 units, respectively. The desired finished goods inventory for October 31 for the Bath and Gym scale models is 900 and 2,300 units, respectively.
Prepare a production budget for the small and large scales for the month ended October 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Weightless Inc.
Production Budget
For the Month Ending October 31
Units Bath Scale
Units Gym Scale
Expected units to be sold
Desired inventory, October 31
Total
Estimated inventory, October 1
Total units to be…
Chapter 21 Solutions
Financial & Managerial Accounting
Ch. 21 - Prob. 1DQCh. 21 - Briefly describe the type of human behavior...Ch. 21 - What behavioral problems are associated with...Ch. 21 - What behavioral problems are associated with...Ch. 21 - Under what circumstances would a static budget be...Ch. 21 - How do computerized budgeting systems aid firms in...Ch. 21 - Why should the production requirements Set forth...Ch. 21 - Prob. 8DQCh. 21 - A. Discuss the purpose of the cash budget. B. If...Ch. 21 - Give an example of how the capital expenditures...
Ch. 21 - Flexible budgeting At the beginning of the period,...Ch. 21 - Prob. 21.1BPECh. 21 - Prob. 21.2APECh. 21 - Prob. 21.2BPECh. 21 - Direct materials purchases budget My Life...Ch. 21 - Prob. 21.3BPECh. 21 - Direct labor cost budget MyLife Chronicles Inc....Ch. 21 - Prob. 21.4BPECh. 21 - Prob. 21.5APECh. 21 - Prob. 21.5BPECh. 21 - Prob. 21.6APECh. 21 - Prob. 21.6BPECh. 21 - Personal budget At the beginning of the 2016...Ch. 21 - Flexible budget for selling and administrative...Ch. 21 - Static budget versus flexible budget The...Ch. 21 - Prob. 21.4EXCh. 21 - Prob. 21.5EXCh. 21 - Prob. 21.6EXCh. 21 - Prob. 21.7EXCh. 21 - Prob. 21.8EXCh. 21 - Direct materials purchases budget Romano's Frozen...Ch. 21 - Prob. 21.10EXCh. 21 - Prob. 21.11EXCh. 21 - Direct labor cost budget Ace Racket Company...Ch. 21 - Prob. 21.13EXCh. 21 - Production and direct labor cost budgets Levi...Ch. 21 - Prob. 21.15EXCh. 21 - Cost of goods sold budget Delaware Chemical...Ch. 21 - Cost of goods sold budget The controller of...Ch. 21 - Schedule of cash collections of accounts...Ch. 21 - Schedule of cash collections of accounts...Ch. 21 - Schedule of cash payments for a service company...Ch. 21 - Schedule of cash payments for a service company...Ch. 21 - Capital expenditures budget On January 1, 2016,...Ch. 21 - Forecast sales volume and sales budget For 2016,...Ch. 21 - Sales, production, direct materials purchases, and...Ch. 21 - Budgeted income statement and supporting budgets...Ch. 21 - Cash budget The controller of Sonoma Housewares...Ch. 21 - Budgeted income statement and balance sheet As a...Ch. 21 - Prob. 21.1BPRCh. 21 - Sales, production, direct materials purchases, and...Ch. 21 - Budgeted income statement and supporting budgets...Ch. 21 - Cash budget The controller of Mercury Shoes Inc....Ch. 21 - Prob. 21.5BPRCh. 21 - Prob. 21.1CPCh. 21 - Prob. 21.2CPCh. 21 - Static budget for a service company A bank manager...Ch. 21 - Objectives of the master budget Dominos Pizza LLC....Ch. 21 - Integrity and evaluating budgeting systems The...
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