Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather. and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements a. The finished goods inventory on hand at the end of each month must be equal to 15,000 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 27,700 units b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XI, 12 is budgeted to be 97700 components. c. The company maintains no work in process inventories A sales budget for the All Weather speaker is as follows April Play June July August Budgeted Sales in Units 100,000 157,000 Required: 1. Prepare a production budget for the All Weather for April, May, June and July Budgeted sales (units) Total needs 202,000 117,000 61,600 Required production April May June July

Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather. and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements a. The finished goods inventory on hand at the end of each month must be equal to 15,000 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 27,700 units b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XI, 12 is budgeted to be 97700 components. c. The company maintains no work in process inventories A sales budget for the All Weather speaker is as follows April Play June July August Budgeted Sales in Units 100,000 157,000 Required: 1. Prepare a production budget for the All Weather for April, May, June and July Budgeted sales (units) Total needs 202,000 117,000 61,600 Required production April May June July

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Differentiate between letters, memo and report?
True or False: Access controls limit who can change records Group of answer choices True False
1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Adjusting entries and error example
Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following is sometimes called a currently attainable standard? O a. par b. normal standard O c. theoretical standard d. ideal standard
Can I gt help for part iv, v, vi tank u
Answer the missing numbers.
How do you access the Power Query interface?
Write me a human paragraph without using Al about what a memorandoms of understanding is and how it is used
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself