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What if Clapton Company in Example 9-1 changed their desired ending inventory level to equal 20.5%...
What if Clapton Company in Example 9-1 changed their desired ending inventory level to equal 14.7%...
What if Clapton Company in Example 9-1 changed their desired ending inventory level to equal 14.7% of next quarter's budgeted sales instead of 20%. How many budgeted units would be produced in the 3rd quarter (July-September)? Round your answer to the nearest whole unit. Example #1 PRODUCTION BUDGET Clapton Company's sales budget shows the following projections for the year ending December 31, 2017: Quarters First (Jan-March) Second (April - June) Third (July-Sept) Fourth (Oct-Dec) Total Guitars 30,000 40,000 22,500 27,500...
Hectro Company manufactures an Innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Hectro Company manufactures an Innovative automobile transmission for electric cars. Management predicts that ending finished goods Inventory for the first quarter will be 50,000 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 500,000 units, third quarter, 454,000 units, and fourth quarter, 366,500 units. Company policy calls for the ending finished goods Inventory of a quarter to equal 10% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Electro Company manufactures an innovative automobile
transmission for electric cars. Management predicts that ending
finished goods inventory for the first quarter will be 277,800
units. The following unit sales of the transmissions are expected
during the rest of the year: second quarter, 463,000 units; third
quarter, 317,000 units; and fourth quarter, 499,000 units. Company
policy calls for the ending finished goods inventory of a quarter
to equal 60% of the next quarter's budgeted sales.
Prepare a production budget for both...
On December 31, 2017, Waterway had 30 acoustic guitars in stock-fewer than the desired inventory level...
On December 31, 2017, Waterway had 30 acoustic guitars in stock-fewer than the desired inventory level of 84 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars. Production Budget 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Annual Waterway Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 157,000 units. The following unit sales of the transmissions are expected during the rest of the year second quarter, 314,000 units, third quarter, 292,000 units and fourth quarter, 497,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 170.500 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 341,000 units; third quarter, 219,000 units, and fourth quarter, 266,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 83,400 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 417,000 units; third quarter, 476,000 units; and fourth quarter, 276,500 units. Company policy calls for the ending finished goods inventory of a quarter to equal 20% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 132,000 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 220,000 units; third quarter, 318,000 units, and fourth quarter, 243,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 60% of the next quarter's budgeted sales. Prepare a production budget for both...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,600; second quarter 6,300; third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,820 units The ending raw maferials and finished goods inventories at December 31, 2016, follow...
What if Clapton Company in Example 9-1 changed their desired ending inventory level to equal 14.7% of next quarter's budgeted sales instead of 20%. How many budgeted units would be produced in the 3rd quarter (July-September)? Round your answer to the nearest whole unit. Example #1 PRODUCTION BUDGET Clapton Company's sales budget shows the following projections for the year ending December 31, 2017: Quarters First (Jan-March) Second (April - June) Third (July-Sept) Fourth (Oct-Dec) Total Guitars 30,000 40,000 22,500 27,500...
Hectro Company manufactures an Innovative automobile transmission for electric cars. Management predicts that ending finished goods Inventory for the first quarter will be 50,000 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 500,000 units, third quarter, 454,000 units, and fourth quarter, 366,500 units. Company policy calls for the ending finished goods Inventory of a quarter to equal 10% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile
transmission for electric cars. Management predicts that ending
finished goods inventory for the first quarter will be 277,800
units. The following unit sales of the transmissions are expected
during the rest of the year: second quarter, 463,000 units; third
quarter, 317,000 units; and fourth quarter, 499,000 units. Company
policy calls for the ending finished goods inventory of a quarter
to equal 60% of the next quarter's budgeted sales.
Prepare a production budget for both...
On December 31, 2017, Waterway had 30 acoustic guitars in stock-fewer than the desired inventory level of 84 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars. Production Budget 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Annual Waterway Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 157,000 units. The following unit sales of the transmissions are expected during the rest of the year second quarter, 314,000 units, third quarter, 292,000 units and fourth quarter, 497,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 170.500 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 341,000 units; third quarter, 219,000 units, and fourth quarter, 266,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 83,400 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 417,000 units; third quarter, 476,000 units; and fourth quarter, 276,500 units. Company policy calls for the ending finished goods inventory of a quarter to equal 20% of the next quarter's budgeted sales. Prepare a production budget for both...
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 132,000 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 220,000 units; third quarter, 318,000 units, and fourth quarter, 243,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 60% of the next quarter's budgeted sales. Prepare a production budget for both...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,600; second quarter 6,300; third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,820 units The ending raw maferials and finished goods inventories at December 31, 2016, follow...
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