Homework Answers
| Bunbar Company | ||||||
| Sales Budget | ||||||
| For the Quarter ending June | ||||||
| April | May | June | Total | |||
| Budgeted Packages to be sold | 1,500 | 2,000 | 2,500 | 6,000 | ||
| Sales price per Package | $22 | $22 | $22 | |||
| Total sales | $33,000 | $44,000 | $55,000 | 132,000 | ||
| Bunbar Company | ||||||
| Production Budget | ||||||
| For the Quarter ending June | ||||||
| April | May | June | Total | |||
| Budgeted packagess to be sold | 1,500 | 2,000 | 2,500 | 6,000 | ||
| Plus :Desired ending inventory | 200 | 250 | 300 | 300 | ||
| Total Packages needed | 1,700 | 2,250 | 2,800 | 6,300 | ||
| Reduce Beginning Inventory | 350 | 200 | 250 | 350 | ||
| Budgeted Production | 1,350 | 2,050 | 2,550 | 5,950 | ||
| Desired ending inventory: | ||||||
| April = May's sales * 10% = (2,000 * 10%) = 200 packages | ||||||
| May = June's sales * 10% = (2,500 * 10%) = 250 packages | ||||||
| June = July's sales * 10% = (3,000 * 10%) = 300 packages | ||||||
| And, | ||||||
| April's beginning inventory = March's ending inventory = 350 packages | ||||||
| May's beginning inventory = April's ending inventory = 200 packages | ||||||
| Junel's beginning inventory = May's ending inventory = 250 packages | ||||||
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