You
You have been presented with the following information by the Budget Committee of the organization in which you work:
Sales
Details Study lamps Accent lights
Expected selling price per unit $300 $500
Sales Volume forecast:
January 2 000 units 1 000 units
February 2 500 units 1 500units
March 3 000 units 1 000 units
April 2 000 units 1 200 units
Additional information:
(i) Beginning inventories: study lamps 300 units; accent lights 200 units.
(ii) The ending inventory for each product at the end of each month is to be maintained at 20% of the budgeted sales for the next month.
(iii) To make one study lamp, four (4) units of raw material lumber are used, while five (5) units of raw material aluminum are used to make one accent lights.
Required:
The Sales Budget for both products for January to March 2020.
The Direct Material usage budget.
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