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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
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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2. Prepare a direct materials purchases budget showing the quantity of XL 12 components to be purchased for April, May and June and for the quarter in total. Required production (units) XL 12 components needed per unit Production needs Total XL 12 needs Material XL 12 purchases April May June Second Quarter
Transcribed Image Text:2. Prepare a direct materials purchases budget showing the quantity of XL 12 components to be purchased for April, May and June and for the quarter in total. Required production (units) XL 12 components needed per unit Production needs Total XL 12 needs Material XL 12 purchases April May June Second Quarter
D 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 hay June July August Budgeted Sales in Units 100,000 157,000 202,000 117,000 61,000 Required: 1. Prepare a production budget for the All Weather for April, May, June and July April Budgeted sales (units) Total needs Required production May June July
Transcribed Image Text:D 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 hay June July August Budgeted Sales in Units 100,000 157,000 202,000 117,000 61,000 Required: 1. Prepare a production budget for the All Weather for April, May, June and July April Budgeted sales (units) Total needs Required production May June July
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