Production budget for the second quarter

Reference no: EM133483278

Case: ACME Inc. produces a single product with the following information. Budgeted sales for 2023 are:

	Units
April	60,000
May	80,000
June	65,000
July	55,000

The company has the following inventory requirements:

The finished goods ending inventory must be 10% of the following month's sales.
Each unit requires 5 grams of raw materials.
The raw materials ending inventory must be equal to 15% of the following month's production needs for raw materials.

Required (the three-line report heading is not needed for this question):

a production budget for the second quarter beginning April, by month and in total.
a direct material purchases budget showing the quantity of materials to be purchased for May.

Reference no: EM133483278

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