| Hospitable Co. provides the following sales forecast for the next four months: |
| April | May | June | July | |
| Sales (units) | 500 | 580 | 540 | 620 |
|
The company wants to end each month with ending finished goods inventory equal to 25% of next month’s sales. Finished goods inventory on April 1 is 190 units. Assume July’s budgeted production is 540 units. |
|
Prepare a production budget for the months of April, May, and June. |
Homework Answers
Solution
| HOSPITABLE CO. | |||
| Production budget | |||
| For April, may and June | |||
| April | May | June | |
| Next month Budgeted Sales | 580 | 540 | 620 |
| Ratio of inventory to future sales | 25% | 25% | 25% |
| Budgeted Ending Inventory | 145 | 135 | 155 |
| Budgeted units sales for month | 500 | 580 | 540 |
| Required units of available production | 645 | 715 | 695 |
| Beginning Inventory | 190 | 145 | 135 |
| Units to be produced | 455 | 570 | 560 |
Add Answer to:
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5.00 points Hospitable Co. provides the following sales forecast for the next four months: April May June July 500 580 540 620 Sales (units) The company wants to end each month with ending finished goods inventory equal to 25% of next month's sales. Finished goods inventory on April 1 is 190 units. Assume July's budgeted production is 540 units. Prepare a production budget for the months of April, May, and June HOSPITABLE CO. Production Budget For April, May, and June...
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Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 500...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 500 May 580 June 540 July 620 The company wants to end each month with ending finished goods inventory equal to 25% of next month's forecasted sales. Finished goods inventory on April 1 is 190 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 580 Ratio...
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The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
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June
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630
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May
June
July
Sales (units)
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630
580
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inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
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June
July
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630
710
660
750
The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 126 units. Assume July's budgeted
production is 660 units. In addition, each finished unit requires
four pounds (lbs.) of raw materials and the company wants to end
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