Homework Answers
| PAIGE COMPANY | |||
| Production Budget | |||
| For the Six Months Ended June 3, 2017 | |||
| Quarter | |||
| 1 | 2 | Six Months | |
| Expected unit sales | 10,200 | 13,000 | |
| Add: Desired ending finished goods inventory [Refer working note 1] | 3,120 | 3,576 | |
| Total required units | 13,320 | 16,576 | |
| Less: Beginning finished goods inventory [Refer working note 2] | 2,448 | 3,120 | |
| Required production units | 10,872 | 13,456 | 24,328 |
.
.
| Working Note 1 - Calculation of desired ending inventory for each quarter | ||
| For 1st quarter [2nd quarter's unit sales x 24% = 13,000 x 24%] | 3,120 | units |
| For 2nd quarter [3rd quarter's unit sales x 24% = 14,900 x 24%] | 3,576 | units |
| Working Note 2 - Beginning inventory for each quarter | ||
| Beginning inventory for 1st quarter = Ending inventory for the previous quarter = 1st quarter unit sales x 24% | 2,448 | units |
| Beginning inventory for 2nd quarter = Ending inventory for the 1st quarter = 2nd quarter unit sales x 24% | 3,120 | units |
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Paige Company estimates that unit sales will be 10,200 in quarter 1, 13,000 in quarter 2,...
Paige Company estimates that unit sales will be 10,200 in quarter 1, 13,000 in quarter 2,...
Paige Company estimates that unit sales will be 10,200 in quarter 1, 13,000 in quarter 2, 14,900 in quarter 3, and 18,700 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017.
Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,1...
Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017. PAIGE COMPANY Production Budget Quarter Six Months
Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2,...
Paige Company estimates that unit sales will be 10,500 in
quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,800 in
quarter 4. Management desires to have an ending finished goods
inventory equal to 24% of the next quarter’s expected unit sales. Prepare a production
budget by quarters for the first 6 months of 2017.
PAIGE COMPANY Production Budget Quarter Six Months
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,400...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,400 in quarter 2, 14,700 in quarter 3, and 19,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 202o PAIGE COMPANY Production Budget Quarter Six Months 1 2
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,100 in quarter 2, 1...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,100 in quarter 2, 14,100 in quarter 3, and 18,600 in quarter 4 Management desires to have an ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepaire a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget Quarter Six Months Click if you would like to Show Work for this question: Open Show...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,900...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,900 in quarter 2, 14,300 in quarter 3, and 18,700 in quarter 4. Management desires to have an ending finished goods nventory equal to 22% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget Quarter Six Months Click if you would like to show Work for this question: Open Show...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,000 in quarter 2, 14,900 in quarter 3, and 18,500 in quarter 4. Management desires to have an ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,100 in quarter 2, 14,600 in quarter 3, and 18,300 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 A...
Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18,70...
Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18,700 in quarter 4. Management desires to have an ending finished goods inventory equal to 22% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017. PAIGE COMPANY Production Budget choose the accounting period ...
Maltz Company estimates that unit sales will be 9,600 in quarter 1; 12,000 in quarter 2;...
Maltz Company estimates that unit sales will be 9,600 in quarter 1; 12,000 in quarter 2; 13,800 in quarter 3; and 17,400 in quarter 4. Management wants to have ar ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first six months of 2020. MALTZ COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 Total 2 Expected Unit Sales A T 9600 T...
Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017. PAIGE COMPANY Production Budget Quarter Six Months
Paige Company estimates that unit sales will be 10,500 in
quarter 1, 12,700 in quarter 2, 14,400 in quarter 3, and 18,800 in
quarter 4. Management desires to have an ending finished goods
inventory equal to 24% of the next quarter’s expected unit sales. Prepare a production
budget by quarters for the first 6 months of 2017.
PAIGE COMPANY Production Budget Quarter Six Months
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,400 in quarter 2, 14,700 in quarter 3, and 19,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 202o PAIGE COMPANY Production Budget Quarter Six Months 1 2
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,100 in quarter 2, 14,100 in quarter 3, and 18,600 in quarter 4 Management desires to have an ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepaire a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget Quarter Six Months Click if you would like to Show Work for this question: Open Show...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,900 in quarter 2, 14,300 in quarter 3, and 18,700 in quarter 4. Management desires to have an ending finished goods nventory equal to 22% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget Quarter Six Months Click if you would like to show Work for this question: Open Show...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,000 in quarter 2, 14,900 in quarter 3, and 18,500 in quarter 4. Management desires to have an ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,100 in quarter 2, 14,600 in quarter 3, and 18,300 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 A...
Maltz Company estimates that unit sales will be 9,600 in quarter 1; 12,000 in quarter 2; 13,800 in quarter 3; and 17,400 in quarter 4. Management wants to have ar ending finished goods inventory equal to 21% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first six months of 2020. MALTZ COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 Total 2 Expected Unit Sales A T 9600 T...
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