ABC Company manufacture one product with the following data January February March April Expected sales (units)...
|
ABC Company manufacture one product with the following data |
||||
|
January |
February |
March |
April |
|
|
Expected sales (units) |
10,000 |
11,000 |
12,100 |
13,310 |
|
Beginning inventory (units) |
3,000 |
|||
|
The company requires to have ending inventory equals to |
30% |
of the next month sales in units. |
||
|
The purchases in units needed for March are |
||||
| 1. |
10,000 |
|
| 2. |
10,300 |
|
| 3. |
11,330 |
|
| 4. |
12,463 |
2.
Budgets help in
| a. |
Planning and control |
|
| b. |
Control and evaluation |
|
| c. |
Evaluation and planning |
|
| d. |
Planning, control and evaluation |
Homework Answers
Answer- The purchases in units needed for March are:-
| Particulars | January | February | March |
| Expected sales (units) | 10000 | 11000 | 12100 |
| Add: Closing Stock 30% of next month sale |
3300 (11,000*30%) |
3630 (12,100*30%) |
3993 (13,310*30%) |
| Less: Beginning inventory (units) | 3000 | 3300 | 3630 |
| Purchases | 10300 | 11330 |
12463 |
Hence, the correct option is 4.-12,463
2-The correct option is d.Planning control and evaluation.
A budget is a tool that manager used to plan and control the use of scares resources. Managers compare data with the help of budget and evaluate the differences.
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