Question about production budget

Assignment Help Business Management

Reference no: EM1377024

Nebo Corporation produce and sells two items: leather and vinyl briefcases. The sales forecasts for these briefcases for the next four quarters are as follows:
Leather Vinyl
Briefcases Briefcases
First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90 90
Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150 180
Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 270 228
Fourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 288 144
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 798 642
On January 1, Nebo has a stock of 80 completed leather briefcases and 60 vinyl briefcases. Experience
indicates that Nebo must maintain an inventory equal to one-half of the next quarter's
sales.
Required:
1. How many leather and vinyl briefcases must be produced during each of the first three
quarters to meet sales and inventory demands?
2. Interpretive Question: Assume Nebo is a wholesale merchandising company instead of a
manufacturing company. How would the budget information provided in part (1) change?

Reference no: EM1377024

Questions Cloud

Benefits programs in place at briggs toys : Welcome to the New York. all the toy firms display their items. It is also where the major trade shows and competitions are held.

Researching on recalled product : Describe the level of expectation the customer has when purchasing a product like thae one researched.

Examples of affirmative action : Assume if it is unjust to discriminate against racial minorities and women on the basis of their sex or race, then is it not similarly unjust to give them preference for the same cause?

Tentative list of requirements for proposed system : Create a tentative list of requirements for the proposed system. possible solution that could meet the business requirements and provide a short description and indicate participating actors and role Context diagram, DFD.

Question about production budget : Nebo Corporation produce and sells two items: leather and vinyl briefcases. The sales forecasts for these briefcases for the next 4-quarters are as follows:

Interview questions for senior level accountant : Provide some good interview questions for a Senior Level Accountant to ask someone that is interviewing for a Senior Level Accountant?

Discussion on rhetorical devices : Provide the examples of bias, fallacies, and specific rhetorical devices in speech and how the speaker addresses argues and counterargument and if the speaker's arguments were effective from speech.

Utilitarian theory and kant''s categorical imperative theory : Require help applying Utilitarian theory and Kant's categorical imperative theory to a five page research paper.

Create a communication and sequence diagram : Create a sequence diagram that shows an Owner generating a report regarding the maintenance of their current properties - Create a communication diagram.

User Account

All Pages