Just Hip Ltd. manufactures and sells stainless steel coffee mugs. Expected mug sales for Just Hip...
Just Hip Ltd. manufactures and sells stainless steel coffee mugs. Expected mug sales for Just Hip (in units) for the next four months are as follows:
|
September |
October |
November |
December |
|
|
Budgeted unit sales |
30,000 |
32,500 |
34,200 |
36,800 |
Just Hip, Ltd. likes to maintain a finished goods inventory equal to 40% of the next month's estimated sales. How many mugs should Just Hip plan on producing during the month of October?
Homework Answers
|
October |
|
|
Budgeted unit sales |
32,500 |
| Add: Ending inventory required (34200*40%) | 13680 |
| Total units required | 46180 |
| Less: Beginning Inventory (32500*40%) | 13000 |
| Production required during the month of October | 33,180 |
Answer : 33,180 Mugs
units Must Produced in October = Oct Sales + Desired Ending inventory- Beginning Inventory
Units Must Produce = 32500+(40%of 34200)- (32500*40%) = 32500+13680-13000 = 33,180 Answer
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Just Hip Ltd. manufactures and sells stainless steel coffee
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