Solution-Calculate the number of units to be produced

Calculate the number of units to be produced

Assignment Help Software Engineering

Reference no: EM131796941

Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows:

Actual:
May	5,920	units
June	6,250	units
Forecast:
July	5,980	units
August	6,800	units
September	5,620	units
October	5,250	units

Required:

a. The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 65% of the next month's sales. It is currently estimated that there will be 3,887 units on hand at the end of June. Calculate the number of units to be produced in each of the months of July, August, and September.

Production:
July:
August:
September:

b. Each unit of finished product requires 5 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the end of each month that is equal to 50% of the next month's estimated usage. It is currently estimated that 26,600 pounds of raw materials will be on hand at the end of June. Calculate the number of pounds of raw materials to be purchased in each of the months of July and August.

purchases july:
purchases august:

Reference no: EM131796941

Questions Cloud

How much cash must be borrowed to maintain balance : Venetian Company management wants to maintain a minimum monthly cash balance of $20,500. At the beginning of April, the cash balance is $21,750.

Prepare the job cost sheets for each of the three jobs : In January, Reyes Tool & Dye requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600.

Prepare a direct materials budget for the march and june : Prepare a direct materials budget for the March and June quarters of 2017 in both units and dollars

What is responsibility accounting : What is responsibility accounting? Is it used at your current (or former) place of employment, and if not, would it work? Why, or why not?

Calculate the number of units to be produced : It is currently estimated that there will be 3,887 units on hand at the end of June. Calculate the number of units to be produced in each of the months of July

How depreciation provides a means of expensing the cost : A newly hired manager of a engineering company,does not understand how the cost of the firm's equipment is expensed.

Define the primary keys and the foreign keys : Define the above relations as tables in SQL making real world assumptions about the type of the fields. Define the primary keys and the foreign keys

What amount of the joint costs will be assigned to product a : Joint products A and B emerge from common processing that costs $80,000 and yields 5,000 units of Product A and 4,000 units of Product B.

What is the maximum transfer price for beta division : What is the maximum transfer price for Beta Division? (Omit the "tiny_mce_markerquot; sign in your response.)

User Account

All Pages

Calculate the number of units to be produced

Reference no: EM131796941

Reference no: EM131796941

Questions Cloud

Reviews

Write a Review

Software Engineering Questions & Answers

Research report on software design

A case study in c to java conversion and extensibility

Create a structural model

Write an report on a significant software security

Development of a small software system

Systems analysis and design requirements

Create a complete limited entry decision table

Explain flow boundaries map

Frame diagrams

Identified systems and elements of the sap system

Design a wireframe prototype

Explain the characteristics of visual studio 2005

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT