All questions on this assignment pertain to SB Manufacturing (SBM). SBM is a manufacturing company...
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Accounting
All questions on this assignment pertain to SB Manufacturing (SBM). SBM is a manufacturing company that makes two products, P1 and P2. The objective of this assignment is to work through various aspects of SBM's Master Budget for 2020. PART 1 DATA 2020 projected sales: Product P1 P2 Sales 50,300 90,300 Price $65.00 $70.00 2020 projected Finished Goods inventory balances (units) Product 1/1/2020 12/31/2020 P1 10,000 12,000 P2 24,000 20,000 You may assume there are no beginning or ending balances in Work in Process inventories. Calculate the following forecasts based upon the given data. Forecast Revenues from Product 1 (P1) Q1 Forecast Revenues from Product 2 (P2) Q2 Forecast Total Revenues for 2020. Q3 How many units of P1 should SBM manufacture in 2020? Q4 How many units of P2 should SBM manufacture in 2020? Q5
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