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 56,000 $8.75 8,000 $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: 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:
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 56,000 $8.75 8,000 $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: 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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
56,000
$8.75
8,000
$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:
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 Company
Production Budget - Practice Balls
For the First Quarter of Next Year
Unit sales
Total needed
Units produced
January February March
Transcribed Image Text: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:
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 Company
Production Budget - Practice Balls
For the First Quarter of Next Year
Unit sales
January February March
Total needed
Units produced
Production budget for match balls:
FlashKick Company
Production Budget - Match Balls
For the First Quarter of Next Year
January February March
Total needed
Units produced
Unit sales
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