Preparing a production budget for the second quarter

Assignment Help Financial Accounting

Reference no: EM13928532

Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:

	Sales in Units
April		76,000
May		85,000
June		116,000
July		93,000

The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15% of the following month's sales. The inventory at the end of March was 11,400 units.

Required

Prepare a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total.

Reference no: EM13928532

Questions Cloud

Socially responsibility and business ethics : Q1. Define social responsibility. Q2. List the three main reasons for government regulation of businesses. Q3. Explain the purpose of consumer protection laws.

Beginning inventory : The beginning inventory is expected to be 2,000 cases. expected sales are 10,000 cases, and the company wishes to begin the next period with an inventory of 1,000 cases.

Describing the kind of innovation : When Apple introduced iTunes, a new market was opened. Which of the following describes this type of innovation?

Problem regarding the regulation of business : Question - Identify and discuss the governments rational for regulating businesses. Do you agree or disagree with it? Why or why not?

Preparing a production budget for the second quarter : The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15%

Briefly summarize distribution portion of their supply chain : Research an actual business on the internet, briefly summarize the distribution portion of their supply chain. State if you think this is an efficient process (mention why or why not). Be sure to include the link to the web site.

Examine the various types of encryptions : Most Virtual Private Networks (VPNs) encrypt their traffic to make it secure. Examine the various types of encryptions and choose the one that you would recommend that your organization use

Benefits of strategic philanthropy : Question - Discuss some of the benefits of strategic philanthropy and why you feel it's important.

What will be the balance in the account at close of business : Assuming a 7 percent annual compound interest rate, what will be the balance in the account at the close of business on July 1, 2020?

User Account

All Pages