Kimball Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $24. Kimballprojects sales for April will be 2,500 packages, with sales increasing by 200 packages per month for May, June, andJuly. On April 1, Kimball has 100 packages on hand but desires to maintain an ending inventory of 20% of the nextmonth's sales. Prepare a sales budget and a production budget for Kimball for April, May, and June.Begin by preparing a sales budget for April, May, and June.Kimball CompanySales BudgetApril, May, and JuneAprilMayBudgeted packages to be soldSales price per packageTotal sales6972,5002,70024 $60,000 $ 64,80024 $$June2,900Total8,1002424 $69,600 $ 194,400 Kimball Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $24. Kimballprojects sales for April will be 2,500 packages, with sales increasing by 200 packages per month for May, June, andJuly. On April 1, Kimball has 100 packages on hand but desires to maintain an ending inventory of 20% of the nextmonth's sales. Prepare a sales budget and a production budget for Kimball for April, May, and June.Begin by preparing a sales budget for April, May, and June.Kimball CompanySales BudgetApril, May, and JuneAprilMayBudgeted packages to be soldSales price per packageTotal sales6972,5002,70024 $60,000 $ 64,80024 $$June2,900Total8,1002424 $69,600 $ 194,400

Production budget :— This budget is prepared to estimate the number of units to be produced for…

Kimball Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $24. Kimball projects sales for April will be 2,500 packages, with sales increasing by 200 packages per month for May, June, and July. On April 1, Kimball has 100 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales. Prepare a sales budget and a production budget for Kimball for April, May, and June. Begin by preparing a sales budget for April, May, and June.

Kimball Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $24. Kimball projects sales for April will be 2,500 packages, with sales increasing by 200 packages per month for May, June, and July. On April 1, Kimball has 100 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales. Prepare a sales budget and a production budget for Kimball for April, May, and June. Begin by preparing a sales budget for April, May, and June.

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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