**Bonita Company Production Budget Overview**Bonita Company forecasts unit sales as follows:- Quarter 1: 11,600 units- Quarter 2: 16,240 units- Quarter 3: 17,400 units- Quarter 4: 20,880 units**Unit Selling Price:** $70**Inventory Strategy:** Management aims to maintain an ending finished goods inventory that is 25% of the following quarter's expected unit sales.**Objective:**Prepare a detailed production budget for the first six months of 2022.**Production Budget Layout:**- **Header:** BONITA COMPANY Production Budget- **Sub-header:** Quarterly and Six-Month Overview**Quarterly Details:**- **Quarter 1 Unit Sales Projection:** 11,600 units- **Quarter 2 Unit Sales Projection:** 16,240 unitsThe table contains input fields for detailed financial computations and projections based on the sales and inventory strategy.This structure helps visualize and strategize production needs, facilitating smooth operations and inventory management.

Sales Budget and Production budget :Sales budget is prepared to show the no. of units to be sold in…

Bonita Company estimates that unit sales will be 11,600 in quarter 1. 16,240 in quarter 2, 17,400 in quarter 3, and 20,880 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2022. BONITA COMPANY Production Budget 1 11,600 Quarter 2 16,240 Six Months

Bonita Company estimates that unit sales will be 11,600 in quarter 1. 16,240 in quarter 2, 17,400 in quarter 3, and 20,880 in quarter 4. The unit selling price is $70. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2022. BONITA COMPANY Production Budget 1 11,600 Quarter 2 16,240 Six Months

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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