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How many pounds of plastic should be budgeted

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Problem -

1. A company requires 100 pounds of plastic to meet the production needs of a small toy. It currently has 10 pounds of plastic inventory. The desired ending inventory of plastic is 30 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period?

2. A company plans to sell 220 units. The selling price per unit is $24. There are 50 units in beginning inventory, and the company would like to have 20 units in ending inventory. How many units should be produced for the coming period? Select the one budget below that is not an operating budget.

3. A company has the following collection pattern: month of sale, 40%; month following sale, 60%. If credit sales for January and February are $100,000 and $200,000, respectively, the cash collections for February are?

Reference no: EM132873272

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