Yordi Company expects to sell 1,750 units of finished product in January and 1,850 units in February. The company has 250 units on hand on January 1 and desires to have an ending inventory equal to 60% of the next month's sales. March sales are expected to be 1,870 units. Prepare Yordi's production budget for January and February. Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February. Yordi Company Production Budget Two Months Ended January 31 and February, 28 January Budgeted units to be sold 2000 Plus: Desired units in ending inventory Total units needed Less: Units in beginning inventory Budgeted units to be produced Need January and February. Can't figure out how to do this.
Yordi Company expects to sell 1,750 units of finished product in January and 1,850 units in February. The company has 250 units on hand on January 1 and desires to have an ending inventory equal to 60% of the next month's sales. March sales are expected to be 1,870 units. Prepare Yordi's production budget for January and February. Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February. Yordi Company Production Budget Two Months Ended January 31 and February, 28 January Budgeted units to be sold 2000 Plus: Desired units in ending inventory Total units needed Less: Units in beginning inventory Budgeted units to be produced Need January and February. Can't figure out how to do this.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
100%
Yordi
Company expects to sell
1,750
units of finished product in
January
and
1,850
units in
February.
The company has
250
units on hand on
January
1 and desires to have an ending inventory equal to
60%
of the next month's sales.
March
sales are expected to be
1,870
units. Prepare
Yordi's
production budget for
January
and
February.
Select the labels, enter the amounts and prepare the production budget for
January.
Then, prepare the production budget for
February.
|
Yordi Company
|
|
Production Budget
|
|
Two Months Ended January 31 and February, 28
|
|
|
January
|
|
|
Budgeted units to be sold
|
2000
|
|
|
Plus:
|
Desired units in ending inventory
|
|
|
Total units needed
|
|
|
|
Less:
|
Units in beginning inventory
|
|
|
Budgeted units to be produced
|
|
Need January and February. Can't figure out how to do this.
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