The following are budgeted data: July August September Sales (units) 5,000 20,000 18,000 Production (units) 18,000 19,000 16,000 Two pound of material are required for each finished uit. the inventory of materials at the end of each month should equal 35% of the following month's producion needs. puchases of raw materials for august should be:

The following are budgeted data: July August September Sales (units) 5,000 20,000 18,000 Production (units) 18,000 19,000 16,000 Two pound of material are required for each finished uit. the inventory of materials at the end of each month should equal 35% of the following month's producion needs. puchases of raw materials for august should be:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 2PB: The following data were obtained from the financial records of Sonicbrush, Inc., for March: Sales...

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The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in the West region. The budgeted selling price is 25 per unit. The desired ending inventory on June 30 is 2,000 units, and the expected beginning inventory on June 1 is 3,000 units. Prepare the following: a. A sales budget for June. b. A production budget for June.
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Before the year began, the following static budget was developed for the estimated sales of 50,000. Sales are higher than expected and management needs to revise its budget. Prepare a flexible budget for 100,000 and 110,000 units of sales.
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