60.1K

Verified Solution

Link Copied!

Production Budget

FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick$$s best$-$selling lines are the practice ball line $($durable soccer balls for training and practice$)$ and the match ball line $($high$-$performance soccer balls used in games$).$ In the first four months of next year, FlashKick expects to sell the following:

Practice Balls Match Balls

Units Selling Price Units Selling Price

January $50,000$ $$8\mathrm{.}757,000$ $$16\mathrm{.}00$

February $58,000$ $$8\mathrm{.}757,500$ $$16\mathrm{.}00$

March $80,000$ $$8\mathrm{.}7513,000$ $$16\mathrm{.}00$

April $100,000$ $$8\mathrm{.}7518,000$ $$16\mathrm{.}00$

FlashKick requires ending inventory of product to equal $20$ percent of the next month$$s unit sales. Beginning inventory in January was $3,100$ practice soccer balls and $400$ match soccer balls.

Required:

Question Content Area

Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.

Production budget for practice balls:

FlashKick Company

Production Budget $-$ Practice Balls

For the First Quarter of Next Year

January February March

Unit sales fill in the blank $3$cbea$2072$fa$807$b$\_1$ fill in the blank $3$cbea$2072$fa$807$b$\_2$ fill in the blank $3$cbea$2072$fa$807$b$\_3$

Desired ending inventory Desired ending inventory Desired ending inventory

Total needed fill in the blank $3$cbea$2072$fa$807$b$\_8$ fill in the blank $3$cbea$2072$fa$807$b$\_9$ fill in the blank $3$cbea$2072$fa$807$b$\_10$

Less: Beginning inventory Less: Beginning inventory Less: Beginning inventory

Units produced fill in the blank $3$cbea$2072$fa$807$b$\_15$ fill in the blank $3$cbea$2072$fa$807$b$\_16$ fill in the blank $3$cbea$2072$fa$807$b$\_17$

Feedback Area

Feedback

Question Content Area

Production budget for match balls:

FlashKick Company

Production Budget $-$ Match Balls

For the First Quarter of Next Year

January February March

Unit sales fill in the blank a$56$ff$706506$ef$92\_1$ fill in the blank a$56$ff$706506$ef$92\_2$ fill in the blank a$56$ff$706506$ef$92\_3$

Unit sales Unit sales Unit sales

Total needed fill in the blank a$56$ff$706506$ef$92\_8$ fill in the blank a$56$ff$706506$ef$92\_9$ fill in the blank a$56$ff$706506$ef$92\_10$

$-$ Select $--$ Select $--$ Select $-$

Units produced fill in the blank a$56$ff$706506$ef$92\_15$ fill in the blank a$56$ff$706506$ef$92\_16$ fill in the blank a$56$ff$706506$ef$92\_17$

Feedback Area

Answer & Explanation Solved by verified expert

See Answer