Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Tillman Cycles expects to sell the following number of bikes in each of next four months E (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. Tillman Cycles Production Budget For the Months of April through June - X Data Table April May June Quarter Unit sales 1050 1150 1390 3590 Plus: Desired ending inventory April. 1,050 bikes Total needed May 1,150 bikes Less: Beginning inventory June. 1,390 bikes Units to produce July 1,200 bikes Print Done

Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Tillman Cycles expects to sell the following number of bikes in each of next four months E (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. Tillman Cycles Production Budget For the Months of April through June - X Data Table April May June Quarter Unit sales 1050 1150 1390 3590 Plus: Desired ending inventory April. 1,050 bikes Total needed May 1,150 bikes Less: Beginning inventory June. 1,390 bikes Units to produce July 1,200 bikes Print Done

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 15E: Palmgren Company produces consumer products. The sales budget for four months of the year is...

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