Solution-Make a production budget by quarters for the

Make a production budget by quarters for the six-month

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Reference no: EM132585810

On January 1, 2021, the Chinlee Company budget committee reached agreement on the following data for the six months ending June 30, 2021:

Sales units: First quarter 4,800; second quarter 5,900; third quarter 6,900

Ending raw materials inventory: 40% of the next quarter's production requirements

Ending finished goods inventory: 25% of the next quarter's expected sales units

Third-quarter production: 7,500 units

The ending raw materials and finished goods inventories at December 31, 2020, had the same percentages for production and sales that are budgeted for 2020. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.

Question 1: Create a production budget by quarters for the six-month period ended June 30, 2021.

Reference no: EM132585810

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Make a production budget by quarters for the six-month

Reference no: EM132585810

Reference no: EM132585810

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