Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The...
Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20 % of the following month's expected sales. Tillman Cycles expects to sell the following number of bikes in each of next four months:
LOADING...
(Click the icon to view the data)
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April. . . . . . . . . . . . . . . . . . . . . . . . |
1,050 bikes |
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May. . . . . . . . . . . . . . . . . . . . . . . . |
1,160 bikes |
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June. . . . . . . . . . . . . . . . . . . . . . . . |
1,320 bikes |
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July. . . . . . . . . . . . . . . . . . . . . . . . |
1,250 bikes |
Prepare a production budget for the second quarter, with a column for each month and for the quarter.
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Tillman Cycles |
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Production Budget |
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For the Months of April through June |
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April |
May |
June |
Quarter |
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Unit sales |
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Plus: |
Desired ending inventory |
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Total needed |
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Less: |
Beginning inventory |
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Units to produce |
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Homework Answers
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Tillman Cycles manufactures chainless bicycles. On March 31,
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