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Problem 7-2 Preparing Production and Purchases Budgets (LO2- C Daisy Products Limited of Shenzhen,...

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Accounting

Problem 7-2 Preparing Production and Purchases Budgets (LO2- C
Daisy Products Limited of Shenzhen, China, manufactures and distributes toys througho
Three cubic centimetres (cc) of solvent Q80 are required to manufacture each unit of Fi company is now planning raw materials needs for the third quarter, the quarter in which production and sales moving smoothly, the company has the following inventory require
The finished goods inventory on hand at the end of each month must be equal to 4,2 month's sales. The finished goods inventory on June 30 is budgeted to be 14,000 un The raw materials inventory on hand at the end of each month must be equal to onefor raw materials. The raw materials inventory on June 30 is budgeted to be 75,600 The company maintains no work-in-process inventories.
ales budget for Fineclay for the last six months of the year follows:
\table[[,Budgeted Sales],[in Units,],[Hy,49,000],[gust,56,000],[ptember,70,000],[tober,42,000],[vember,28,000],[Fember,14,000]]
ired:
pare a production budget for Fineclay for the months of July to October.
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