Production budget for january through june

Assignment Help Accounting Basics

Reference no: EM13764500

Problem:

Alvarez Company produces various parts used in the automotive industry. The sales budget for the first eight months of 2012 shows the following projections: Month Units Month Units January 25,000 May 31,400 February 27,000 June 34,500 March 32,000 July 36,700 April 28,500 August 35,000 Inventory on December 31 of the previous year was budgeted at 6,250 units. The desired quantity of finished- goods inventory at the end of each month in 2012 is to be equal to 25 percent of the next month's budgeted unit sales. Each unit of finished product requires three pounds of raw material. The company wants to have 30 percent of next month's required raw materials on hand at the end of each month.

Required:

A. Prepare a production budget for January through June of 2012.

B. Prepare a material purchases budget for the same period, assuming that each pound of raw material costs $ 22.

Reference no: EM13764500

Questions Cloud

Applying decision-making skills : As a manager, part of your role is to develop strategy, and share this strategy with various stakeholders within the organization. This assignment will allow you to take your findings as a manager and communicate these findings to those who are af..

Research paper on structures and classes : Create codes for the following problem/s. Compile, test run, and edit them if necessary. Include your original .cpp and related file(s) (if any) in a single folder.

Draw a game tree and find the nash equilibrium for game : Create a payoff matrix for game assuming that students choose to Slack or Work simultaneously. Make sure you identify the players, the actions and the payoffs for each player.

Project communications planning : Project Communications Planning, Communication among various constituents in terms of time and place is key to project management consideration. Describe the types of communication tools that you could use to effectively manage your project commun..

Production budget for january through june : Prepare a production budget for January through June of 2012. Prepare a material purchases budget for the same period, assuming that each pound of raw material costs $ 22.

The properties of life on earth : Examine the possibilities of extraterrestrial life in our solar system. Where and how might life be possible?

Define the meaning of early intervention : Define the meaning of early intervention and explain its importance for very young children and their families. Support your thinking about early invention with the outcomes identified by Congress in IDEA 2004.

Virtual organization : Consider how the information presented in each assignment applies to your chosen Virtual Organization.

Problems related to terrestrial planets : Which theory held that the Earth was a sphere that stayed motionless at the center of the universe?

User Account

All Pages