Please calculate the values for each quarter as well and calculate The net profit, show answers please, I need to submit by tonight. Thank you! New Exercise Bank Content Qu. 07-03Reboot Incorporated is a manufacturer of hiking boots. Demand for boots is highly seasonal. In particular, the demand in the next yearis expected to be 3,000, 4,000, 8,000, and 7,000 pairs of boots in quarters 1, 2, 3, and 4, respectively. With its current productionfacility, the company can produce at most 6,500 pairs of boots in any quarter. Reboot would like to meet all the expected demand, soit will need to carry inventory to meet demand in the later quarters. Each pair of boots sold generates a profit of $20 per pair. Each pairof boots in inventory at the end of a quarter incurs $8 in storage and capital recovery costs. Reboot has 1,000 pairs of boots ininventory at the start of quarter 1. Reboot's top management has given you the assignment of doing some spreadsheet modeling toanalyze what the production schedule should be for the next four quarters and making a recommendation.RENSTEClick here for the Excel Data FileBuild a spreadsheet model and then solve it.a. What should be the production schedule for the next four quarters?b. Determine the net profit.Complete this question by entering your answers in the tabs below.TALETLQuarter 1Quarter 2Quarter 3Quarter 4STRequired A Required BWhat should be the production schedule for the next four quarters?Production6,5004,0008,0007,000SavedRequired B > New Exercise Bank Content Qu. 07-03Reboot Incorporated is a manufacturer of hiking boots. Demand for boots is highly seasonal. In particular, the demand in the next yearis expected to be 3,000, 4,000, 8,000, and 7,000 pairs of boots in quarters 1, 2, 3, and 4, respectively. With its current productionfacility, the company can produce at most 6,500 pairs of boots in any quarter. Reboot would like to meet all the expected demand, soit will need to carry inventory to meet demand in the later quarters. Each pair of boots sold generates a profit of $20 per pair. Each pairof boots in inventory at the end of a quarter incurs $8 in storage and capital recovery costs. Reboot has 1,000 pairs of boots ininventory at the start of quarter 1. Reboot's top management has given you the assignment of doing some spreadsheet modeling toanalyze what the production schedule should be for the next four quarters and making a recommendation.RENSTEClick here for the Excel Data FileBuild a spreadsheet model and then solve it.a. What should be the production schedule for the next four quarters?b. Determine the net profit.Complete this question by entering your answers in the tabs below.TALETLQuarter 1Quarter 2Quarter 3Quarter 4STRequired A Required BWhat should be the production schedule for the next four quarters?Production6,5004,0008,0007,000SavedRequired B >

Production schedule refers to the format maintained for keeping the records of total production, demand, and cost of each product for calculating the net profit to be earned by the company.Preparation of production schedule for next four quartersExcel workings:Values:In quarter 1, the company had a demand of 3000 units. Since it already has 1000 units in stock, producing 2000 units in this quarter will enable the company to meet its demand. Hence 2000 units are produced.In quarter 2, the company had a demand of 4000 units and there is no stock available from previous period. Hence it has to produce the entire demand of 4000 units in the current quarter. In quarter 3 & 4 , there is a demand of 15000 units ( 8000 + 7000 ). But since the company's maximum production capacity is 6500 units, the total units that can be produced in quarter 3 & 4 will only be 13000 (6500 in Q3+6500 in Q4 ) which is less than the demand. On the other hand, in quarter 2 only 4000 units are in demand and produced leaving 2500 units of idle capacity. This can be used to produce units to meet demand in future. Hence, 2000 units {(8000-6500) for Q3+(7000-6500) for Q4} are produced in addition to 4000 units ( Q2 demand) in quarter 2.In quarter 3, the company had a demand of 8000 units. It already has 2000 units in stock. 6500 units are produced to meet the demand for this quarter leaving 500 units in stock to meet next quarter's demand.In quarter 4 , the company had a demand of 7000 units. 500 units were available from previous quarters. Hence remaining 6500 units are produced to fulfill the demand.a ) Production schedule :QuarterUnits to be produced12000260003650046500b ) Net profit = $ 420000 (Refer table above for workings)

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Reboot Incorporated is a manufacturer of hiking boots. Demand for boots is highly seasonal. In particular, the demand in the next year is expected to be 3,000, 4,000, 8,000, and 7,000 pairs of boots in quarters 1, 2, 3, and 4, respectively. With its current production facility, the company can produce at most 6,500 pairs of boots in any quarter. Reboot would like to meet all the expected demand, so it will need to carry inventory to meet demand in the later quarters. Each pair of boots sold generates a profit of $20 per pair. Each pair of boots in inventory at the end of a quarter incurs $8 in storage and capital recovery costs. Reboot has 1,000 pairs of boots in inventory at the start of quarter 1. Reboot's top management has given you the assignment of doing some spreadsheet modeling to analyze what the production schedule should be for the next four quarters and making a recommendation. Click here for the Excel Data File Build a spreadsheet model and then solve it. a. What should be the production schedule for the next four quarters? b. Determine the net profit.

Reboot Incorporated is a manufacturer of hiking boots. Demand for boots is highly seasonal. In particular, the demand in the next year is expected to be 3,000, 4,000, 8,000, and 7,000 pairs of boots in quarters 1, 2, 3, and 4, respectively. With its current production facility, the company can produce at most 6,500 pairs of boots in any quarter. Reboot would like to meet all the expected demand, so it will need to carry inventory to meet demand in the later quarters. Each pair of boots sold generates a profit of $20 per pair. Each pair of boots in inventory at the end of a quarter incurs $8 in storage and capital recovery costs. Reboot has 1,000 pairs of boots in inventory at the start of quarter 1. Reboot's top management has given you the assignment of doing some spreadsheet modeling to analyze what the production schedule should be for the next four quarters and making a recommendation. Click here for the Excel Data File Build a spreadsheet model and then solve it. a. What should be the production schedule for the next four quarters? b. Determine the net profit.

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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