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Prepare production budget for the month of april

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Reference no: EM131138185

Budget and Capital Decisions Exercise - Preparing Operating Budgets

Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year appear below:

February

$39,000

April

$42,000

May

$44,000

June

$40,000

Additional information:

  • The project desires to have an inventory at the end of each month equal to 15 percent of the following month's budgeted unit sales.
  • Each curtain requires 2.0 yards of fabric.
  • At the end of each month, the project decides to have 20 percent of the production material required for the next month on hand.
  • The fabric costs $25 per yard. Each curtain produced requires 1 hour of direct labor.
  • The project pays $27 per hour to its employees.

Prepare the following budgets for the project:

Production budget for the month of April

Materials purchase budget for April.

Reference no: EM131138185

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