61. Your company manufactures of two products A and B. A forecast the number of the units to be sold in the first seven months of the year is given below: Product A Product B 2,800 2,800 2,400 2,000 1,600 1,600 1,800 January February March 1,000 1,200 1,600 2,000 2,400 2,400 2,000 April May June July It is anticipated that: a. There will be no work in progress at the end of any month, b. Finished units equal to half the sales for the next month will be in stock at the end of Each month (including the previous December). Budgeted Production costs for the whole year are as follows: Product A Product B Production (units) 22,000 24,000 Per unit Direct Material 12 50 19. 00

61. Your company manufactures of two products A and B. A forecast the number of the units to be sold in the first seven months of the year is given below: Product A Product B 2,800 2,800 2,400 2,000 1,600 1,600 1,800 January February March 1,000 1,200 1,600 2,000 2,400 2,400 2,000 April May June July It is anticipated that: a. There will be no work in progress at the end of any month, b. Finished units equal to half the sales for the next month will be in stock at the end of Each month (including the previous December). Budgeted Production costs for the whole year are as follows: Product A Product B Production (units) 22,000 24,000 Per unit Direct Material 12 50 19. 00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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20.
A June sales forecast projects that 8,000 units are going to be sold at a price of $11.00 per unit. The desired ending inventory of units is 12% higher than the beginning inventory of 900 units. Merchandise purchases for June are projected to include how many units? O 8,000 units O 8,108 units O 7,892 units O 9,008 units O 8,450 units
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