Production budget for match balls:Unit salesDesired ending inventoryTotal neededLess: Beginning inventoryUnits producedFlashKick CompanyProduction Budget - Match BallsFor the First Quarter of Next YearJanuaryXXXXFebruaryXXMarchX Production BudgetFlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following:Practice BallsMatch BallsUnitsSelling PriceUnitsSelling PriceJanuary50,000$8.757,000$16.00February56,000$8.758,000$16.00March80,000$8.7513,000$16.00April100,000$8.7519,000$16.00FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 3,200 practice soccer balls and 400 match soccer balls.Required:Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.Production budget for practice balls:FlashKick CompanyProduction Budget - Practice BallsFor the First Quarter of Next YearMarchJanuaryXUnit salesDesired ending inventory✓XTotal neededLess: Beginning inventoryUnits producedProduction budget for match balls:XXFebruaryXXXXXXXXXX

Solution:- Production budget means as follows under:- It is used to calculate the number of units…

Answered: Construct a production budget for each…

Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.

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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