PRODUCTION BUDGET: | ||||
April | May | June | July | |
Next month's budgeted sales (Units) | 630 | 580 | 670 | |
Ratio of inventory to future sales | 20% | 20% | 20% | |
Budgeted ending inventory (Units) | 126 | 116 | 134 | |
Budgeted unit sales for the month | 550 | 630 | 580 | |
Required units of available production | 676 | 746 | 714 | |
Budgeted beginning inventory (Units) | 110 | 126 | 116 | |
Units to produce | 566 | 620 | 598 | |
MATERIAL PURCHASES BUDGET: | ||||
Budgeted production | 566 | 620 | 598 | 580 |
Raw materials required for production [lbs] | 2830 | 3100 | 2990 | 2900 |
Desired ending balance [lbs] | 930 | 897 | 870 | |
Total raw materials needed [lbs] | 3760 | 3997 | 3860 | |
Beginning inventory [lbs] | 849 | 930 | 897 | |
Purchases needed [lbs] | 2911 | 3067 | 2963 | |
Cost of purchases at $4/lb | $ 11,644 | $ 12,268 | $ 11,852 |
Ch 20 Homework i Savad Help Save & Exit Submit Check my work Required information Use...
uizi Swed Help Save & Exit Submi Check my work Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: April May June July Sales (mits) 600 680 630 720 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 240 units. Assume July's budgeted production is 630 units. In addition,...
Saved Help Save & Exit Su Check my wor Required information Use the following information for the Exercises below. Ruiz Co provides the following sales forecast for the next four months: April May June July Sales (units) 600 680 630 720 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 240 units. Assume July's budgeted production is 630 units. In addition, each...
Ch 20, 218 22 Help Required information Ruiz Co. provides the following sales forecast for the next four months Sales (units) April 580 May 660 June 610 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on Aprilis 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to...
Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 June 580 July 670 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month...
Required information Ruiz Co. provides the following sales forecast for the next four months: April Мay 590 June July Sales (units) 510 540 630 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 204 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
20, 21 & 22 Help Sav Required information Ruiz Co. provides the following sales forecast for the next four months: Sales units) April 580 May 660 June 610 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the...
Required information Ruiz Co. provides the following sales forecast for the next four months: April 540 May 620 June 570 July 660 Sales (units) The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 162 units. Assume July's budgeted production is 570 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 640 May 720 June 670 July 760 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months Sales (units) Aoril 580 May 660 June 612 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs) of raw materials...
Ruiz Co. provides the following sales forecast for the next four
months:
April
May
June
July
Sales (units)
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
each month with...