Homework Answers
Answer :
(a) Production Budget
| First quarter | Second Quarter | Third Quarter | Fourth Quarter | Total | |
| Budgeted sales units | 30000 | 40000 | 22500 | 27500 | 120000 |
| Add - Desired Closing inventory |
8000 (40000*20%) |
4500 (22500*20%) |
5500 ( 27500*20%) |
6900 (34500*20%) |
6900 |
| Total Required unit | 38000 | 44500 | 28000 | 34400 | 126900 |
| Less - Opening inventory | 6000 | 8000 | 4500 | 5500 | 6000 |
| Units to be produced | 32000 | 36500 | 23500 | 28900 | 120900 |
(b) Computation of Budgeted unit production in 3rd Quarter
| Third Quarter | |
| Budgeted sales units | 22500 |
| Add - Desired Closing inventory |
4043 (Approx ) ( 27500*14.70%) |
| Total Required unit | 26543 |
| Less - Opening inventory | 3308 (Approx) |
| Units to be produced in third Quarter | 23235 |
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