Ortiz companys sales budget projects unit sales of part

Reference no: EM13582189

Ortiz Company's sales budget projects unit sales of part 198Z of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $3 per pound. Ortiz Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 25% of the next month's expected unit sales. These goals were met at December 31, 2010.

1. Prepare a production budget for January and February 2011. (Enter all amounts as positive amounts and subtract where necessary.)

2. Prepare a direct materials budget for January 2011. (Enter all amounts as positive amounts and subtract where necessary.)

Reference no: EM13582189

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