Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: First quarter, 2022 Second quarter, 2022 Third Quarter, 2022 Fourth Quarter, 2022 First Quarter, 2023 S12L7 800 2,200 5,600 4,600 900 Required: 1. Units to be produced for S12L7 for the following quarters: First Quarter Second Quarter Third Quarter Fourth Quarter 2. Units to be produced for S12L5 for the following quarters: First Quarter Second Quarter Third Quarter S12L5 1,300 1,400 5,300 3,900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 2015 was 340 boxes. The company's policy is to have 20 percent of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30 percent of the next quarter's sales of S12L5 in ending inventory.
Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: First quarter, 2022 Second quarter, 2022 Third Quarter, 2022 Fourth Quarter, 2022 First Quarter, 2023 S12L7 800 2,200 5,600 4,600 900 Required: 1. Units to be produced for S12L7 for the following quarters: First Quarter Second Quarter Third Quarter Fourth Quarter 2. Units to be produced for S12L5 for the following quarters: First Quarter Second Quarter Third Quarter S12L5 1,300 1,400 5,300 3,900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 2015 was 340 boxes. The company's policy is to have 20 percent of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30 percent of the next quarter's sales of S12L5 in ending inventory.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and $1215. The S12L7 sells for $475, and the S12L5 sells for
$300. Projected sales (number of speakers) for the coming five quarters are as follows:
First quarter, 2022
Second quarter, 2022
Third Quarter, 2022
Fourth Quarter, 2022
First Quarter, 2023
Required:
1. Units to be produced for S12L7 for the following quarters:
First Quarter
The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Stillwater Designs needs
a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning
inventory of S12L7 for the first quarter of 2015 was 340 boxes. The company's policy is to have 20 percent of the next quarter's sales of S12L7
in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30 percent of the next quarter's sales of
$12L5 in ending inventory.
Second Quarter
Third Quarter
S12L7
800
2,200
5,600
4,600
900
Fourth Quarter
2. Units to be produced for S12L5 for the following quarters:
First Quarter
Second Quarter
Third Quarter
S12L5
1,300
1,400
5,300
3,900
1,200
Note: Write the amount only, do not use the word "units." Use comma after every 3 digits.
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