Based on the following production and sales data of Frixion Co. for March of the current year, prepare the following: Product TProduct XEstimated inventory, March 1 28,000units20,000unitsDesired inventory, March 31 32,000units15,000unitsExpected sales volume: Territory I 320,000units260,000units Territory II 190,000units130,000unitsUnit sales price $6 $14 i need help creating a production budgetFrixion Co.Production BudgetFor the Month Ending March 31 Product TProduct XSales (units) Total (units) available Total units to be produced

Answered: Product T Product X Estimated…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...

See similar textbooks

Related questions

Concept explainers

Question

Based on the following production and sales data of Frixion Co. for March of the current year, prepare the following:

	Product T	Product X
Estimated inventory, March 1	28,000	units	20,000	units
Desired inventory, March 31	32,000	units	15,000	units
Expected sales volume:
Territory I	320,000	units	260,000	units
Territory II	190,000	units	130,000	units
Unit sales price	$6		$14

i need help creating a production budget

Frixion Co.
Production Budget
For the Month Ending March 31
	Product T	Product X
Sales (units)

Total (units) available

Total units to be produced

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Follow-up Questions

Read through expert solutions to related follow-up questions below.

Follow-up Question

Hello, for this same problem, what is the sales budget?

Estimated inventory, March 1
Desired inventory, March 31
Expected sales volume:
Area I
Area II
Unit sales price
a. Prepare a sales budget.
Product and Area
Product T:
Area I
Area II
Total
Product X:
Area I
Area II
Total
Product T
Total revenue from sales
28,000 units
32,000 units
320,000 units
190,000 units
$6
Product X
20,000 units
15,000 units
260,000 units
130,000 units
$14
Frixion Co.
Sales Budget
For Month Ending March 31
Unit Sales Volume Unit Selling Price Total Sales
8
1101000

Solution

by Bartleby Expert

SEE SOLUTION

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions