Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 10% of the next month'sbudgeted unit sales. October's ending inventory equals 40,000 units. November and December sales are budgeted to be 400,000units and 350,000 units, respectively.Prepare the production budget for November.FORREST COMPANYProduction BudgetDesired ending inventory unitsTotal required unitsUnits to produceNovember muyun VITUSVIIMiami Solar manufactures solar panels for industrial use. The company budgets production of 5,000 units (solar panels) inJuly and 5,300 units in August.Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materialsinventory equal to 30% of the next month's direct materials requirement. As of June 30, the company has 4,500 pounds of directmaterials in inventory. Prepare the direct materials budget for July.Units to produceMIAMI SOLARDirect Materials BudgetMaterials needed for production (pounds)Total materials required (pounds)Materials to purchase (pounds)Cost of direct materials purchasesJuly5,000

Budgeting is a process of finding requirements of future. There are various types of budget such as…

Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 10% of the next month's budgeted unit sales. October's ending inventory equals 40,000 units. November and December sales are budgeted to be 400,000 units and 350,000 units, respectively. Prepare the production budget for November. FORREST COMPANY Production Budget Desired ending inventory units Total required units Units to produce November

Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 10% of the next month's budgeted unit sales. October's ending inventory equals 40,000 units. November and December sales are budgeted to be 400,000 units and 350,000 units, respectively. Prepare the production budget for November. FORREST COMPANY Production Budget Desired ending inventory units Total required units Units to produce November

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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