Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policyis to maintain finished goods inventory equal (in units) to 30% of the next month's unit sales. As of June 30, the company has 1,170finished surfboards in inventory.July3,900August6,300September4,400Prepare the production budget for the months of July and August.Budgeted sales unitsATLANTIC SURFProduction BudgetDesired ending inventory unitsTotal required unitsUnits to be producedJuly0August0

Production Budget: It refers to a financial worksheet that is prepared by the business in order to…

Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policy is to maintain finished goods inventory equal (in units) to 30% of the next month's unit sales. As of June 30, the company has 1,170 finished surfboards in inventory. Budgeted sales units August 6,300 September 4,400 Prepare the production budget for the months of July and August. July 3,900 Desired ending inventory units Total required units Units to be produced ATLANTIC SURF Production Budget July 0 August 0

Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policy is to maintain finished goods inventory equal (in units) to 30% of the next month's unit sales. As of June 30, the company has 1,170 finished surfboards in inventory. Budgeted sales units August 6,300 September 4,400 Prepare the production budget for the months of July and August. July 3,900 Desired ending inventory units Total required units Units to be produced ATLANTIC SURF Production Budget July 0 August 0

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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Cullumber Design provided the following budgeted information for April through July: April May June July Projected sales $133120 $157440 $147200 $168960 Projected merchandise purchases $104960 $117760 $99840 $84480 The cash balance on June 1 is $15360. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month. General operating expenses are budgeted to be $39680 per month of which depreciation is $3840 of this amount. Management pays operating expenses in the month incurred. The company makes loan payments of $5120 per month of which $768 is interest and the remainder is principal. How much are budgeted cash disbursements for June? O $110592. O $151552. O $131584. O $80896.
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N2.
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