Eencise 35 A sales Iudgd Rir the fra five monihs ofr 2021 is iven om a certn product tine marmfactured by Boots Styfen, lie Sales budaet in units Jamiary February 157.000 162,000 March 204,000 Apcil May 223,000 245,000 The inventory of finished products at the end of each month is equal to 20% of the sales estimate for the next month This requirement is expected to be met by Jan. 1. No work is in process at the end of each month. Each unit of product requires two types of raw materials as follows: Material A 2 unit Material B 6 units The estimated cost of Material A is P5.00 per unit, and the estimated cost of MaterialB is PO.60 per unit. Materials equal to 30% of next month's production needs are to be on hand at the end of each month. This requirement is expected to be met on Jan. 1. REQUIRED: 1. Prepare a production budget for the first quarter of 2021 broken down by months. Include a total column.

Eencise 35 A sales Iudgd Rir the fra five monihs ofr 2021 is iven om a certn product tine marmfactured by Boots Styfen, lie Sales budaet in units Jamiary February 157.000 162,000 March 204,000 Apcil May 223,000 245,000 The inventory of finished products at the end of each month is equal to 20% of the sales estimate for the next month This requirement is expected to be met by Jan. 1. No work is in process at the end of each month. Each unit of product requires two types of raw materials as follows: Material A 2 unit Material B 6 units The estimated cost of Material A is P5.00 per unit, and the estimated cost of MaterialB is PO.60 per unit. Materials equal to 30% of next month's production needs are to be on hand at the end of each month. This requirement is expected to be met on Jan. 1. REQUIRED: 1. Prepare a production budget for the first quarter of 2021 broken down by months. Include a total column.

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Description: Eencise 35A sales Indjeet ar the frer five monibe of 2021 ie iven on a certiproduct fine manufactured by Boots Styfen, leSales buduet in unitsJamiary157 000FebruaryMarch162,000204,000ApcilMay223,000245,000The inventory of finished products at thend

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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