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Prepare quarterly production budgets

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Reference no: EM13507506

Question 1:

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2014 sales forecast is as follows.

 

Quarter
HD-240
1
5,300
2
7,370
3
8,400
4
10,200

The January 1, 2014, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2015 are expected to be 25% higher than sales in the same quarter in 2014.

Prepare quarterly production budgets for each quarter and in total for 2014.

Reference no: EM13507506

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