Production BudgetHealthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are asfollows:BathGymScaleScaleNorthern Region unit sales19,90035,500Southern Region unit sales21,50022,600Total41,40058,100The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,700 and 2,000 units, respectively. The desired finished goodsinventory for March 31 for the Bath and Gym scale models is 1,200 and 2,200 units, respectivelyPrepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negativenumbers use a minus sign.Healthy Measures Inc.Production BudgetFor the Month Ending March 31Units Bath Scale Units Gym ScaleTotal units availableTotal units to be produced

A production budget calculates the number of units to be produced during a period.

Answered: Production Budget Healthy Measures Inc.…

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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For 20Y6, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y6, the following unit sales data were reported for the year: Unit Sales 8" x 10" 12" x 16" Frame Frame East 24,440 14,910 Central 6,222 4,018 West 5,432 3,060 Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y6 Unit Unit Sales Selling Product and Area Volume Price Total Sales 8" x 10" Frame: East 23,500 $24 $564,000 Central 6,100 24 146,400 West 5,600 24 134,400 Total 35,200 $844,800 12" x 16" Frame: East 14,200 $34 $482,800 Central 4,100 34 139,400 West 3,000 34 102,000 Total 21,300 $724,200 Total revenue from sales $1,569,000
Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale Western Region unit sales 19,000 35,000 Eastern Region unit sales 20,500 21,500 Total 39,500 56,500 The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,300 and 2,600 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 900 and 2,800 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc. Production Budget For the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale Total units available Total units to be produced
2. Prepare a cost of goods sold budget for Play-Disc for the year. 3. What if the beginning inventory of finished goods was $80,900 (for 17,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.)
Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,600 March 13,500 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2 $4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on…
Prepare the sales budget (in dollars) for 20x0. light coils, heavy coils and projected sales.
Quetzaltenango Candle Inc. projected sales of 41,000 candles for March. The estimated March 1 inventory is 2,100 units, and the desired March 31 inventory is 5,000 units. Prepare a production budget report in units for Quetzaltenango Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Quetzaltenango Candle Inc. Production Budget For the Month Ending March 31 Line Item Description Units Sales 41,000 Estimated beginning inventory, March 1 2,100 X Total units available 43,100 X Expected units to be sold x -5,000 X Total units to be produced in March 38,100 X
Neon Inc. has a finished goods inventory of 20,000 units on July 1. The projected sales for July, August and September are 80,000 units, 90,000 units and 100,000 units, respectively. Its desired ending inventory is estimated as 20% of the current month’s budgeted sales. Determine the budgeted production for July. Group of answer choices 116,000 units 16,000 units 96,000 units 76,000 units
EX.22-06 Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget. Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): East Region West Region Unit sales price Rumble 262 301 2,700 5,900 $140 Thunder 66 57 2,400 5,150 $205
Answer the questions from the information provided. 2.1 Use the information provided below to calculate the number of units of Product Tex that must be produced for July and August. INFORMATION The estimated sales volume of Product Tex is 25 000 units for June, 21 000 units for July, 30 000 units for August and 36 000 units for September. The policy of management is to maintain an ending finished goods inventory each month equal to 20% of the current month’s budgeted sales and 30% of the following month’s budgeted sales. 2.2 Study the information provided below and calculate the expected value of closing inventory as at 31 December 2022, if the FIFO method of inventory valuation is used. INFORMATION The following information was supplied by Sunbeam Manufacturers for 2022 in respect of its finished goods: R Inventory on 01 January 640 000 Cost of production of finished goods manufactured 570 000 Cost of goods sold 435 000 Sales value of the goods sold…
Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ 29,100 units 19,600 units 36,000 units 14,700 units Region I, anticipated sales 332,000 units 264,000 units Region II, anticipated sales 195,000 units 145,000 units The unit selling price for product XXX is $7 and for product ZZZ is $15. Estimated beginning inventory Desired ending inventory Budgeted production for product ZZZ during the month is a. 592,100 units Ob. 404,100 units c. 409,000 units Od. 423,700 units
i need the answer quickly
Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 258 70 Desired inventory (units), June 30 296 61 Expected sales volume (units): North Region 3,250 3,650 South Region 5,200 4,500 Unit sales price $95 $185 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Unit Total Sales Selling Sales Volume Price Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Units Units Model Model Rumble Thunder Expected units to be sold Total units required Total units to be produced

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