Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the...
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Accounting
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:
Unit Sales
April
64,000
May
80,000
June
104,000
July
87,000
The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15% of the following months unit sales. The inventory at the end of March was 9,600 units.
Required:
Prepare a production budget by month and in total, for the second quarter.
Down Under Products, Ltd.,
Production Budget
April
May
June
Quarter
Budgeted unit sales
Total needs
Required production in units
Answer & Explanation
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