Schwartz and Company expects to sell 100 units in the first quarter and 90 units in...
Schwartz and Company expects to sell 100 units in the first quarter and 90 units in the second quarter. Assuming the company prefers to maintain finished goods inventory equal to 10 percent of the next quarter’s sales, prepare a production budget for the first quarter using as a guide. (Hint: you are preparing a production budget for the first quarter only.)
Homework Answers
| Production budget | |
| Q1 | |
| Units Expected to be Sold | 100 |
| Desired Ending Finished goods 90*10% | 9 |
| Total need | 109 |
| Less Beginning Finished goods 100*10% | 10 |
| Units to be Produced | 99 |
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Schwartz and Company expects to sell 100 units in the first
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