Question

Production Budget Weightless 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 25,400 33,000 West Region unit sales 27,400 28,800 Total 52,800 61,800 The finished goods inventory estimated for October 1 for the Bath and Gym scale models is 1,600 and 2,000 units, respectively. The desired finished goods inventory for October 31 for the Bath and Gym scale models is 1,200 and 2,200 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended October 31.

Answer 1

WEIGHTLESS INC. Production Budget For the Month Ending October 31 Unit Bath Scale Expected Units to be sold 52800 Add: Desired Ending inventory 1200 Total Units required 54000 Less: Beginning inventory 1600 Total Units to be produced 52400 Unit Gym Scale 61800 2200 64000 2000 62000 Cheese Total WEIGHTLESS INC. Production Budget For the Month Ending October 31 Dough Tomato Units required for production 12" pizza 12720 7950 16" pizza 40800 19040 Add: Desired Ending inventory 560 160 Total Pounds required 54080 27150 Less: Beginning inventory 530 160 Total Units to be purchased 53550 26990 Unit price 2.7 Total Direct Material to be purchased 80325 72873 11130 35360 320 46810 290 46520 1.5 3.3 153516 306714

Matchpoint Racket Company Direct Labour Budget For the month Ending March 31 Forming Assembly Department Department Hours required for production Junior 1320 2640 Pro Stiker 7210 14420 Total Hours required 8530 17060 Hourly Rate Total Direct Labour Cost 136480 170600 July Furry Friends Supplies Inc. Schedule of Collection from sales For the three months Ending July 31 May June May Sales on Account: Collected in May 214500 Collected in June 136500 Collected in July June Sales on Account: Collected in June 291500 Collected in July July Sales on Account: Collected in July Total Cash Collected 214500 428000 39000 185500 407000 631500

May Safemark Financ Schedule of Cash Payment and Administrative Expenses For the three months Ending May 31 March April March Expense Paid in March 51646 Paid in April 31654 April Expense Paid in April 48360 Paid in May May expense Paid in May Total Cash Payment 51646 80014 29640 42718 72358