Production BudgetHealthy Measures Inc. produces a Bath and Gym version ofits popular electronic scale. The anticipated unit sales forthe scales by sales region are as follows:BathGymScale ScaleNorthern Region unit sales22,700 38,300Southern Region unit sales24,500 25,700Total47,200 64,000The finished goods inventory estimated for March 1, for theBath and Gym scale models is 1,300 and 2,500 units,respectively. The desired finished goods inventory for March31 for the Bath and Gym scale models is 900 and 2,700units, respectively.Prepare a production budget for the Bath and Gym scalesfor the month ended March 31. For those boxes in whichyou must enter subtracted or negative numbers use aminus sign.Healthy Measures Inc.Production BudgetFor the Month Ending March 31Units Bath Scale Units Gym ScaleTotal units availableTotal units to be produced

Production Budget: It is a budget that quantifies the units that a company must produce to meet the…

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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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: Rumble Thunder Estimated inventory (units), June 1 236 64 Desired inventory (units), June 30 271 56 Expected sales volume (units): Midwest Region 2,650 2,950 South Region 5,100 4,450 Unit sales price $125 $205 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region $ $ South Region Total $ Model: Thunder Midwest Region $ $ South Region Total $ Total revenue from sales $ b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget For the…
Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale Northern Region unit sales 26,900 37,000 Southern Region unit sales 29,100 30,600 Total 56,000 67,600 The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,300 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 900 and 2,400 units, respectively. Prepare 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 negative numbers use a minus sign.
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
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
Cost of Goods Sold Budget The controller of MingWare Ceramics Inc. wants to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold budget: Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for September $40,500 $8,510 $157,950 $206,960 Estimated inventory, September 1 2,670 6,410 10,680 19,760 Desired inventory, September 30 3,090 2,810 7,420 13,320 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $43,390 $125,830 $169,220 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $5,250 $2,990 $2,470 $10,710 Desired inventory, September 30 3,360 4,150 3,940 11,450 Work in process inventories: Estimated inventory, September 1 $3,200 Desired inventory, September 30 1,790…
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 13,600 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…
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 25,700 34,900 27,800 29,200 53,500 64,100 Eastern Region unit sales Total The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,400 and 2,500 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 1,000 and 2,700 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
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: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price a. Prepare sales budget. Midwest Region South Region Total Model: Thunder Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region South Region Total Total revenue from sales 750 500 10001000 12,000 14,000 $60 300 250 3,500 4,000 $90 000 0000

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