Ebony Products has budgeted sales for the year as follows: Q1 20,000 units; Q2 18,000 units; Q3 22,000 units; Q4 24,000 units. Ebony requires 25% of the next quarter's budgeted unit sales as ending finished goods inventory each quarter. The number of units budgeted to be produced in Q2 is: Multiple Choice 19,000 units. 22,500 units. 21,000 units. 19,500 units.

Ebony Products has budgeted sales for the year as follows: Q1 20,000 units; Q2 18,000 units; Q3 22,000 units; Q4 24,000 units. Ebony requires 25% of the next quarter's budgeted unit sales as ending finished goods inventory each quarter. The number of units budgeted to be produced in Q2 is: Multiple Choice 19,000 units. 22,500 units. 21,000 units. 19,500 units.

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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Canyon Corporation's budgeted production schedule, by quarters, for the coming year is as follows: Quarter 1= 22,500 units Quarter 2 = 19,000 units Quarter 3 = 17,000 units Quarter 4 = 24,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 30% of that quarter's direct materials production requirements. Canyon expects to have 50,000 pounds of direct materials on hand at the beginning of Quarter 1. What would be Canyon's budgeted direct materials purchases (in pounds) for the first quarter?
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A Corporation makes one product. Budgeted unit sales for July, August, September, and October are 10,000, 11,600, 13,300, and 12,700 units, respectively. The ending finished goods inventory should equal 40% of the following month's sales. Required: The total budgeted required production for the quarter is closest to: A. 35,460 units B. 35,440 units C. 35,980 units D. 35,988 unit
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