1. Poletem inc. manufactures and sells picnic tables. For the current year poletem expects to...
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1. Poletem inc. manufactures and sells picnic tables. For the current year poletem expects to sell 3,200 picnic tables at a price of \$150, each. Next year's sales are budgeted to be 4000 tables at $165, each. Beginning inventory is 125 picnic tables and management would like to increase the inventory to 200 tables by the end of the year. Each table requires 25bf (board-feet) of redwood. Beginning redwood inventory is 20,000bf. Management wants to end the year with 25% of next year's redwood needs in stock. For the current year... a. What is the budgeted revenue? b. How many tables should be budgeted for production? c. How much redwood needs to purchased
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