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Prepare production budget for second and third quarter

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Reference no: EM132612916

The following estimates and information have been gathered as part of the budget preparation of the hobby craft Co. The sales for the second and third quarter of the coming year have been estimated as follow:

                                             Second Quarter                      Third Quarter

Massachusetts                     10,000                           35000 kits

Vermont                                8,000                                25,000

New Hampshire                        5,000                         20,000

                                             23000 kits                   80000 kits

It is decided that finished kits inventories are to be 25000, at the end of the second quarter and 5000 at the end of the third quarter. The inventory at the beginning of the second quarter will consist of 8,000 finished kits.

Requirment:

Question 1: Prepare Production Budget for second quarter and third quarter.

Reference no: EM132612916

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