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a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component A) purchase budget for May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component Al

a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component A) purchase budget for May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component Al

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...
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a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June A) purchase budget for July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component A.
Transcribed Image Text:a) Prepare a production budget for May & June for OldX and NewX b) Prepare a materials (Component May & June for NewX Wilmer Company produces two products: OldX and NewX. Budgeted sales for four months are as follows: May June A) purchase budget for July August OldX 10,000 20,000 15,000 30,000 NewX 40,000 70,000 80,000 90,000 Wilmer's ending inventory policy is that OldX should have 10% of next month's sales in ending inventory and NewX should have 20% of next month's sales in ending inventory. On May 1, there were 1,000 units of OldX and 9,000 units of NewX NewX requires 4 units of component A. (OldX does not use component A.) There were 2,100 units of component A in inventory on May 1. Wilmer wants to have 30 percent of the following month's production needs in inventory for Component A.
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