Fantastic Futons manufactures futons. The estimated numbers of futon sales for the first three months of 20x9 are as follows: January 40,000; February 50,000; March 60,000 Finished goods inventory at the end of 20x8 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit. What would be the sales budget for March? How many futons are budgeted to be produced in January? How many futons are budgeted to be produced in February?
Fantastic Futons manufactures futons. The estimated numbers of futon sales for the first three months of 20x9 are as follows: January 40,000; February 50,000; March 60,000 Finished goods inventory at the end of 20x8 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit. What would be the sales budget for March? How many futons are budgeted to be produced in January? How many futons are budgeted to be produced in February?
Chapter7: Budgeting
Section: Chapter Questions
Problem 1PB: Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in January and...
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Fantastic Futons manufactures futons. The estimated numbers of futon sales for the first three months of 20x9 are as follows: January 40,000; February 50,000; March 60,000 Finished goods inventory at the end of 20x8 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit. What would be the sales budget for March? How many futons are budgeted to be produced in January? How many futons are budgeted to be produced in February?
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