Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May...
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Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 580, 560, 632,592, and 660 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next month's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. Jan Feb Mar 1st Quarter 443 Budgeted Production in Units 145 140 158 Required Required 2
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