Austen Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sale the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each plante requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Austen Manufacturing Production Budget For the Months of January through March Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory C January February March Quarter Data table January February .... March.... April .... Number of planters to be sold 3,500 3,400 3,600 4.000 - X

Austen Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sale the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each plante requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Austen Manufacturing Production Budget For the Months of January through March Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory C January February March Quarter Data table January February .... March.... April .... Number of planters to be sold 3,500 3,400 3,600 4.000 - X

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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I need to figure out the Balance January 31 and the Complete jobs and bill clients.
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