Homework Answers
| Production Budget | |||
| For the Six Months Ending June 30, 2017 | |||
| Quarter | |||
| 1 | 2 | Six months | |
| Expected unit sales | 10100 | 12800 | |
| Add: Desired ending finished goods inventory | 3200 | 3750 | |
| Total required units | 13300 | 16550 | |
| Less: Beginning finished goods inventory | 2525 | 3200 | |
| Required production units | 10775 | 13350 | 24125 |
| Workings: | |||
| Desired ending finished goods inventory: | |||
| Quarter 1 = 12800*25% = 3200 | |||
| Quarter 2 = 15000*25% = 3750 | |||
| BEginning finished goods inventory: | |||
| Quarter 1 = 10100*25% = 2525 | |||
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Year 2
Year 3
First
Second
Third
Fourth
First
Budgeted production, in bottles
60,000
90,000
150,000
100,000
70,000
Musk oil has become...
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Three grams of musk oil are required for each bottle of Mink
Caress, a very popular perfume made by a small company in western
Siberia. The cost of the musk oil is $1.50 per gram. Budgeted
production of Mink Caress is given below by quarters for Year 2 and
for the first quarter of Year 3:
Year 2
Year 3
First
Second
Third
Fourth
First
Budgeted production, in bottles
60,000
90,000
150,000
100,000
70,000
Musk oil has become...
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