Prepare the Production budget for the year.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 2EQ: 2. Suppose that in Example 2.27, 400 units of food A, 500 units of B, and 600 units of C are placed...
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Example 4: ABC Ltd. expects to sell 1,00,000 units of product A in
the first fiscal quarter, 1,20,000 units in the second quarter, 1,45,000
units in the third quarter and 1,50,000 units in the fourth quarter and
1,25,000 units in the first quarter of the following year. The closing
stock is 24,000 units in the first fiscal quarter, 29,000units in the
second quarter, 30,000 units in the third quarter and 25,000 units in
the fourth quarter. The opening stock at the beginning of the first
quarter of the current year was at 15,000 units. The company plans to
have closing inventory equal to 'one-fifth of the sales for the next
fiscal quarter.
Prepare the Production budget for the year.
Transcribed Image Text:Example 4: ABC Ltd. expects to sell 1,00,000 units of product A in the first fiscal quarter, 1,20,000 units in the second quarter, 1,45,000 units in the third quarter and 1,50,000 units in the fourth quarter and 1,25,000 units in the first quarter of the following year. The closing stock is 24,000 units in the first fiscal quarter, 29,000units in the second quarter, 30,000 units in the third quarter and 25,000 units in the fourth quarter. The opening stock at the beginning of the first quarter of the current year was at 15,000 units. The company plans to have closing inventory equal to 'one-fifth of the sales for the next fiscal quarter. Prepare the Production budget for the year.
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