Connor Company produces speaker systems for cars. Estimated sales(in units) in January are 40,000; in February 35,000; and in March34,000. Each unit is priced at $60. Connor wants to have 35% of thefollowing month's sales in ending inventory. That requirement was meton January 1.Each speaker system requires 3 boxes and 15 yards of wire. Boxes cost$4 each and wire is $0.60 per yard. Connor wants to have 20% of thefollowing month's production needs in ending raw materials inventory.On January 1, Connor had 24,000 boxes and 100,000 yards of wire ininventory.How many units does Connor expect to produce in February?a. 35,700b. 38,500c. 34,650d. 35,950e. 25,000

Step 1: Calculate the Required Ending Inventory for FebruaryConnor wants to have 35% of the…

Answered: Connor Company produces speaker systems…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EB: Cloud Shoes manufactures recovery sandals and is planning on producing 12.000 units in March and...

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Connor Company produces speaker systems for cars. Estimated sales (in 2 points units) in January are 40,000; in February 37,000; and in March 34,000. Each unit is priced at P60. Connor wants to have 35% of the following month's sales in ending inventory. That requirement was met on January 1. Each speaker system requires 3 boxes and 15 yards of wire. Boxes cost P4 each and wire is PO.60 per yard. Connor wants to have 20% of the following month's production needs in ending raw materials inventory. On January 1, Connor had 24,000 boxes and 100,000 yards of wire in inventory. How many boxes does Connor expect to purchase in January?* A. 148,500 B. 114,420 C. 214,550 D. 159,650
What is connor's expected sales revenue for February
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