Homework Answers
Required units to be produced = Estimated sales - opening stock + Required closing stock (50% of next quarter sales.
| Electro Company | ||
| Production Budget | ||
| Second and Third quarters | ||
| Second quarter | Third Quarter | |
| Opening balance of finished goods | $1,86,500.00 | $1,66,000.00 |
| Estimated sales | $3,73,000.00 | $3,32,000.00 |
| Required closing stock (50% of next quarter sales) | $1,66,000.00 | $2,36,000.00 |
| Units to be produced | $3,52,500.00 | $4,02,000.00 |
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HW 7: Chapter 20 Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts...
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...
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Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods...
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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...
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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...
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 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 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...
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...
Check my work Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 107,700 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 359,000 units; third quarter, 255,000 units; and fourth quarter, 207,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 30 % of the next quarter's budgeted sales. Prepare a...
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