Solution-Prepare a production budget for january and

Prepare a production budget for january and february

Reference no: EM131765372

Question - 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.

Instructions -

(a) Prepare a production budget for January and February 2011.

(b) Prepare a direct materials budget for January 2011.

Reference no: EM131765372

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Prepare a production budget for january and february

Reference no: EM131765372

Reference no: EM131765372

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