3. Funny Face Company produces and sells automobile batteries, the heavy duty HD240. It has its 2014 Sales forecasts as follows: Quarter1 Expected Unit Sales 3,500 Add Desired Units Total Production Less Beg. Units Required Production for Quarter Quarter2 7,000 Quarter3 8,000 Total 30,000 Additional Information: Use the chart provided above to complete the production budget for Funny Face Company for the year2014. The January 1, 2014 inventory of HD is 2000 units. Management desires an ending inventory each quarter to be 40% of the next quarter's sales. Note, Sales in the first quarter of 2015 is projected to be 12,000 units. Required: Complete the chart.

3. Funny Face Company produces and sells automobile batteries, the heavy duty HD240. It has its 2014 Sales forecasts as follows: Quarter1 Expected Unit Sales 3,500 Add Desired Units Total Production Less Beg. Units Required Production for Quarter Quarter2 7,000 Quarter3 8,000 Total 30,000 Additional Information: Use the chart provided above to complete the production budget for Funny Face Company for the year2014. The January 1, 2014 inventory of HD is 2000 units. Management desires an ending inventory each quarter to be 40% of the next quarter's sales. Note, Sales in the first quarter of 2015 is projected to be 12,000 units. Required: Complete the chart.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 10Q: If the sales forecast estimates that 50,000 units of product will be sold during the following year,...

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