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Question - The marketing departments of Gaeber Industries has submitted the following
Sales forecast for the upcoming fiscal year:
Budgeted sales (units)
1st quarter: 7,900
2nd quarter: 7,000
3rd quarter: 6,100
4th quarter: 7,000
The company expects to start the first quarter with 1580 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1780 units.
In addition, the beginning raw materials inventory for the first quarter is budgeted to be 3920 kilograms and the beginning accounts payable for the first quarter re budgeted to be $15620 each units requires two kilograms of raw materials that cost $7 per kilogram. Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarters production needs. The desired ending inventory for the fourth quarter is 3220 kilograms. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter.
1) Prepare the company's production budget for the upcoming fiscal year.
2a) Prepare the company's direct materials budget.
2b) Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year.
During the month, the company started production of 88,880 units. How many units were in Work in Process at the end of August
What would happen to the break-even point if the admission price and unit variable costs increased by the same dollar amount?
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What quantitative and qualitative factors would influence your decision?
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