Projected Sales Volume Desired Ending Inventory Units Needed Beginning Inventory Projected Production B Paulson Paint, Inc Production Budget For the Year Ended December 31, 2019 Magnificent Paint 435,000 36,000 E 33,500 Marvelous Paint 338,154 29,000 25,890 Total H

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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### Paulson Paint, Inc - Production Budget

**For the Year Ended December 31, 2019**

#### Overview

This document shows the production budget for Paulson Paint, Inc, broken down by product lines. It includes three columns: "Magnificent Paint," "Marvelous Paint," and "Total."

#### Details

1. **Projected Sales Volume**
   - **Magnificent Paint**: 435,000 units
   - **Marvelous Paint**: 338,154 units

2. **Desired Ending Inventory**
   - **Magnificent Paint**: 36,000 units
   - **Marvelous Paint**: 29,000 units

3. **Units Needed**
   - A row devoted to calculating the total units needed for production, determined by adding the Projected Sales Volume and Desired Ending Inventory.

4. **Beginning Inventory**
   - **Magnificent Paint**: 33,500 units
   - **Marvelous Paint**: 25,890 units

5. **Projected Production**
   - This row calculates the production needs by subtracting the Beginning Inventory from the Units Needed.

There is a table format with clear divisions for different products, providing a structured view for calculating production requirements. The diagram uses rows and columns to neatly organize the information, with the "Total" column reserved for final calculations. However, the 'Total' column values are not filled in.
Transcribed Image Text:### Paulson Paint, Inc - Production Budget **For the Year Ended December 31, 2019** #### Overview This document shows the production budget for Paulson Paint, Inc, broken down by product lines. It includes three columns: "Magnificent Paint," "Marvelous Paint," and "Total." #### Details 1. **Projected Sales Volume** - **Magnificent Paint**: 435,000 units - **Marvelous Paint**: 338,154 units 2. **Desired Ending Inventory** - **Magnificent Paint**: 36,000 units - **Marvelous Paint**: 29,000 units 3. **Units Needed** - A row devoted to calculating the total units needed for production, determined by adding the Projected Sales Volume and Desired Ending Inventory. 4. **Beginning Inventory** - **Magnificent Paint**: 33,500 units - **Marvelous Paint**: 25,890 units 5. **Projected Production** - This row calculates the production needs by subtracting the Beginning Inventory from the Units Needed. There is a table format with clear divisions for different products, providing a structured view for calculating production requirements. The diagram uses rows and columns to neatly organize the information, with the "Total" column reserved for final calculations. However, the 'Total' column values are not filled in.
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