FlashKick 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 Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 58,000 $8.75 7,500 $16.00 March 70,000 $8.75 13,000 $16.00 April 100,000 $8.75 19,000 $16.00 FlashKick 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: Question Content Area 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 Year January February March Unit sales fill in the blank be4255f3701105e_1 fill in the blank be4255f3701105e_2 fill in the blank be4255f3701105e_3 Less: Beginning inventory Less: Beginning inventory Less: Beginning inventory Total needed fill in the blank be4255f3701105e_8 fill in the blank be4255f3701105e_9 fill in the blank be4255f3701105e_10 Desired ending inventory Desired ending inventory Desired ending inventory Units produced fill in the blank be4255f3701105e_15 fill in the blank be4255f3701105e_16 fill in the blank be4255f3701105e_17 Question Content Area Production budget for match balls: FlashKick CompanyProduction Budget - Match BallsFor the First Quarter of Next Year January February March Unit sales fill in the blank 6ced9b01afb1047_1 fill in the blank 6ced9b01afb1047_2 fill in the blank 6ced9b01afb1047_3 - Select - - Select - - Select - Total needed fill in the blank 6ced9b01afb1047_8 fill in the blank 6ced9b01afb1047_9 fill in the blank 6ced9b01afb1047_10 - Select - - Select - - Select - Units produced fill in the blank 6ced9b01afb1047_15 fill in the blank 6ced9b01afb1047_16 fill in the blank 6ced9b01afb1047_17
FlashKick 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 Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 58,000 $8.75 7,500 $16.00 March 70,000 $8.75 13,000 $16.00 April 100,000 $8.75 19,000 $16.00 FlashKick 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: Question Content Area 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 Year January February March Unit sales fill in the blank be4255f3701105e_1 fill in the blank be4255f3701105e_2 fill in the blank be4255f3701105e_3 Less: Beginning inventory Less: Beginning inventory Less: Beginning inventory Total needed fill in the blank be4255f3701105e_8 fill in the blank be4255f3701105e_9 fill in the blank be4255f3701105e_10 Desired ending inventory Desired ending inventory Desired ending inventory Units produced fill in the blank be4255f3701105e_15 fill in the blank be4255f3701105e_16 fill in the blank be4255f3701105e_17 Question Content Area Production budget for match balls: FlashKick CompanyProduction Budget - Match BallsFor the First Quarter of Next Year January February March Unit sales fill in the blank 6ced9b01afb1047_1 fill in the blank 6ced9b01afb1047_2 fill in the blank 6ced9b01afb1047_3 - Select - - Select - - Select - Total needed fill in the blank 6ced9b01afb1047_8 fill in the blank 6ced9b01afb1047_9 fill in the blank 6ced9b01afb1047_10 - Select - - Select - - Select - Units produced fill in the blank 6ced9b01afb1047_15 fill in the blank 6ced9b01afb1047_16 fill in the blank 6ced9b01afb1047_17
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Production Budget
FlashKick 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 Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 50,000 | $8.75 | 7,000 | $16.00 | |||
| February | 58,000 | $8.75 | 7,500 | $16.00 | |||
| March | 70,000 | $8.75 | 13,000 | $16.00 | |||
| April | 100,000 | $8.75 | 19,000 | $16.00 |
FlashKick 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:
Question Content Area
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:
| January | February | March | |
|---|---|---|---|
| Unit sales | fill in the blank be4255f3701105e_1 | fill in the blank be4255f3701105e_2 | fill in the blank be4255f3701105e_3 |
|
|
Less: Beginning inventory | Less: Beginning inventory | Less: Beginning inventory |
| Total needed | fill in the blank be4255f3701105e_8 | fill in the blank be4255f3701105e_9 | fill in the blank be4255f3701105e_10 |
|
|
Desired ending inventory | Desired ending inventory | Desired ending inventory |
| Units produced | fill in the blank be4255f3701105e_15 | fill in the blank be4255f3701105e_16 | fill in the blank be4255f3701105e_17 |
Question Content Area
Production budget for match balls:
| January | February | March | |
|---|---|---|---|
| Unit sales | fill in the blank 6ced9b01afb1047_1 | fill in the blank 6ced9b01afb1047_2 | fill in the blank 6ced9b01afb1047_3 |
|
|
- Select - | - Select - | - Select - |
| Total needed | fill in the blank 6ced9b01afb1047_8 | fill in the blank 6ced9b01afb1047_9 | fill in the blank 6ced9b01afb1047_10 |
|
|
- Select - | - Select - | - Select - |
| Units produced | fill in the blank 6ced9b01afb1047_15 | fill in the blank 6ced9b01afb1047_16 | fill in the blank 6ced9b01afb1047_17 |
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