Homework Answers
| Turney Company | |||||||
| Production Budget | |||||||
| For FY 2020 | |||||||
| 2020 | |||||||
| Quarter-1 | Quarter-2 | Quarter-3 | Quarter-4 | ||||
| Expected Unit Sales | 5,400 | 7,130 | 8,110 | 10,350 | |||
| Add: | Desired ending Finished goods Unit | 2,852 | 3,244 | 4,140 | 2,700 | ||
| (7,130*40%) | (8,110*40%) | (10,350*40%) | (5400*1.25)*40% | Sales in quarter-1 of 2021 = 25% extra than sale in same quarter of 2020 | |||
| Desired Production units | 8,252 | 10,374 | 12,250 | 13,050 | |||
| Less: | Beginning finished goods unit | 2,160 | 2,852 | 3,244 | 4,140 | ||
| Required production units | 6,092 | 7,522 | 9,006 | 8,910 | |||
*Please feel free to ask any doubt related to this topic in the comment section. Please give your valuable feedback.
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Total Materials Required Required Production Units Total Required Units Beginning Finished Goods Unit Beginning Direct Materials...
Please finish. Oriole Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast...
Please finish.
Oriole Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,400 7,130 8,110 10,350 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in...
Need help in few areas in red. Your answer is partially correct. Try again. Turney Company...
Need help in few areas in red.
Your answer is partially correct. Try again. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,500 8,400 10,240 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows....
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,400 2 7,430 3 8,450 4 10,230 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter’s sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter...
Question 2 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 20...
Question 2
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2020 sales forecast is as follows.
Quarter
HD-240
1
5,100
2
7,440
3
8,350
4
10,350
The January 1, 2020, inventory of HD-240 is 2,040 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2021 are expected to
be 25% higher than sales in the same quarter in 2020.
Prepare quarterly production budgets for...
Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast...
Exercise 21-4
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2017 sales forecast is as follows.
Quarter
HD-240
1
5,200
2
7,220
3
8,280
4
10,180
The January 1, 2017, inventory of HD-240 is 2,080 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2018 are expected to
be 25% higher than sales in the same quarter in 2017.
Prepare quarterly production budgets for...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,490 8,330 10,350 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows....
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2020 sales forecast is as follows.
Quarter
HD-240
1
5,100
2
7,330
3
8,220
4
10,240
The January 1, 2020, inventory of HD-240 is 2,040 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2021 are expected to
be 25% higher than sales in the same quarter in 2020.
Prepare quarterly production budgets for each quarter...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,400 7,330 3 8.180 10,300 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total...
On January 1, 2020, the Johnson Company budget committee has reached agreement on the following data...
On January 1, 2020, the Johnson Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales Units: First quarter 5,600; second quarter 6,400; third quarter 7,000 Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,440 Units The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to...
Culver Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as...
Culver Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2017 sales forecast is as follows.
Quarter
HD-240
1
5,400
2
7,430
3
8,450
4
10,230
The January 1, 2017, inventory of HD-240 is 2,160 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2018 are expected to
be 25% higher than sales in the same quarter in 2017.
Prepare quarterly production budgets for each quarter...
Please finish.
Oriole Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,400 7,130 8,110 10,350 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in...
Need help in few areas in red.
Your answer is partially correct. Try again. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,500 8,400 10,240 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same...
Question 2
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2020 sales forecast is as follows.
Quarter
HD-240
1
5,100
2
7,440
3
8,350
4
10,350
The January 1, 2020, inventory of HD-240 is 2,040 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2021 are expected to
be 25% higher than sales in the same quarter in 2020.
Prepare quarterly production budgets for...
Exercise 21-4
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2017 sales forecast is as follows.
Quarter
HD-240
1
5,200
2
7,220
3
8,280
4
10,180
The January 1, 2017, inventory of HD-240 is 2,080 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2018 are expected to
be 25% higher than sales in the same quarter in 2017.
Prepare quarterly production budgets for...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,490 8,330 10,350 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for...
Turney Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2020 sales forecast is as follows.
Quarter
HD-240
1
5,100
2
7,330
3
8,220
4
10,240
The January 1, 2020, inventory of HD-240 is 2,040 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2021 are expected to
be 25% higher than sales in the same quarter in 2020.
Prepare quarterly production budgets for each quarter...
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,400 7,330 3 8.180 10,300 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total...
Culver Company produces and sells automobile batteries, the
heavy-duty HD-240. The 2017 sales forecast is as follows.
Quarter
HD-240
1
5,400
2
7,430
3
8,450
4
10,230
The January 1, 2017, inventory of HD-240 is 2,160 units. Management
desires an ending inventory each quarter equal to 40% of the next
quarter’s sales. Sales in the first quarter of 2018 are expected to
be 25% higher than sales in the same quarter in 2017.
Prepare quarterly production budgets for each quarter...
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