3. One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next month’s sales. Prepare a production budget for the first four months of the year.PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).Budgeted CostsDesired Ending InventorySales Price per UnitExpected Sales (units)Required ProductionPurchases RequiredBeginning InventoryTotal Sales RevenueTotal Required UnitsUsing the information above, along with the terms above, prepare a production budget for the first four months of the year (use the format shown in the textbook):One DeviceProduction BudgetFor the Four Months Ending Apr. 30, 2019 JanuaryFebruaryMarchApril?????????????????????????Total Units - Four MonthsXXX?

Production budget is the statement which is prepared by the entity for the purpose of determining…

Answered: One Device makes universal remote…

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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3. One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next month’s sales. Prepare a production budget for the first four months of the year.

PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Budgeted Costs	Desired Ending Inventory	Sales Price per Unit
Expected Sales (units)	Required Production	Purchases Required
Beginning Inventory	Total Sales Revenue	Total Required Units

Using the information above, along with the terms above, prepare a production budget for the first four months of the year (use the format shown in the textbook):

One Device

Production Budget

For the Four Months Ending Apr. 30, 2019

January

February

March

April

Total Units - Four Months

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