MM Company budgets sales of $30,000 for May. MM's production manager discovered a way to use more sustainable packaging. As aresult, MM's product will receive better placement on store shelves and May sales are predicted to increase by 8%. Computebudgeted sales for May assuming MM switches to this more sustainable packaging.Budgeted sales Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with endingfinished goods inventory equal to 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare aproduction budget for the months of April, May, and June.Budgeted sales unitsNext period budgeted sales unitsRatio of inventory to future salesTotal required unitsApril500Units to produceMay580June540RUIZ COMPANYProduction BudgetApril58025%July620May54025%June62025%

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MM Company budgets sales of $30,000 for May. MM's production manager discovered a way to use more sustainable packaging. As a result, MM's product will receive better placement on store shelves and May sales are predicted to increase by 8%. Compute budgeted sales for May assuming MM switches to this more sustainable packaging. Budgeted sales

MM Company budgets sales of $30,000 for May. MM's production manager discovered a way to use more sustainable packaging. As a result, MM's product will receive better placement on store shelves and May sales are predicted to increase by 8%. Compute budgeted sales for May assuming MM switches to this more sustainable packaging. Budgeted sales

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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