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Prepare a production budget for product A

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a) For the year 2016, P marketing managers project quarterly sales of 100,000 product A and 50,000 per quarter of product B. Average selling prices are estimated at $8.00 per product A and $6.00 per product B. Sales are collected 60% in the quarter of sale and 40% the quarter after sale. Prepare a revenue budget for the year ending December 31, 2016.

b) P begins 2016 with 80,000 of A in inventory. The vice president of operations requests that ending inventory on December 31, 2016 of product A be no less than 60,000 units. Based on sales projections as budgeted above, prepare a production budget for product A in 2016?

c) If each produced unit of A requires 3 pounds of material and we have 30,000 pounds at the beginning of the year and desire an ending inventory of 40,000 pounds, how many pounds need to be purchased?

Reference no: EM131734263

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