After completing their sales forecast, Fido Treats LLC has decided that it would like to create a production budget. The company's goal is to ensure that it will be able to produce enough dog treats to cover the sales that have been projected for the entire 1st quarter. Fido has projected the following sales: January 1,109 units, February 1242 units, March 1391 units, April 1405 units. The company has a policy of keeping 15% of the next month's projected sales on hand in their Finished Goods (FG) Inventory. Calculate the number of budgeted units that need to be produced for each and for the entire quarter.
After completing their sales forecast, Fido Treats LLC has decided that it would like to create a production budget. The company's goal is to ensure that it will be able to produce enough dog treats to cover the sales that have been projected for the entire 1st quarter. Fido has projected the following sales: January 1,109 units, February 1242 units, March 1391 units, April 1405 units. The company has a policy of keeping 15% of the next month's projected sales on hand in their Finished Goods (FG) Inventory. Calculate the number of budgeted units that need to be produced for each and for the entire quarter.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
After completing their sales
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