The sales budget for the period January to April 2020. The production budget January to April 2020. The direct raw materials usage budget for January to April 2020. The raw material purchase budget for January to April 2020.
The sales budget for the period January to April 2020. The production budget January to April 2020. The direct raw materials usage budget for January to April 2020. The raw material purchase budget for January to April 2020.
The sales budget for the period January to April 2020. The production budget January to April 2020. The direct raw materials usage budget for January to April 2020. The raw material purchase budget for January to April 2020.
The following sales information was extracted from the books of APEX Ltd during 2020. The company produces two products, Natural life and physical life.
Sales forecast January- April 2020
Details
January
February
March
April
Total
Natural life
1,800
2,200
3,200
2,500
9,700
Physical life
2,200
1,700
1,500
2,700
8,100
Notes:
The ending stock of finished goods each month is to be held equal to 20% of the forecasted sales for the next month.
Raw material stocks at the end of each month are to be held at a level equal to twenty-five (25%) percent of the sales for that month. Sales for December 31, 2019 were Natural life 3,000 units; and Physical life 2,600 units.
To make one unit of Natural life, five (5) units of raw material X12 are used, while four (4) units of raw material Z100 are used to make one unit of Physical life
During 2020 the company sold one unit of Natural life for $650 and one unit of Physical life for $775.
Budgeted sales for May 2020 were 2,400 units of Natural life and 2,000 units of Physical life.
One unit of X12 was purchased for $42; while one unit of Z100 was bought for $26.
Required:
The sales budget for the period January to April 2020.
The production budget January to April 2020.
The direct raw materials usage budget for January to April 2020.
The raw material purchase budget for January to April 2020.
Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.
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