Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. symphony electronics produces wireless speakers fo

Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular...

80.2K

Verified Solution

Question

Accounting

image
image
Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12 components per unit. The company is now planning raw material need for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 14,000 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 26,700 units. b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XL. 12 is budgeted to be 97,700 components. c. The company maintains no work in process inventories. A sales budget for the All Weather speaker is as follows: Required: 1. Prepare a production budget for the All Weather for April, May, Junt and July. 2. Prepare a direct materials purchases budget showing the quantity of XL. 12 components to be purchased for April, May and June and for the quarter in total

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Q1 (a)0.5 kg of water is contained in a rigid vessel at a temperature of 125oC...

Mechanical Engineering
Q

Share two most valuable concepts learned in Federal Taxation - Individuals course and explain why.

Accounting
Q

38 What is the solution set TT 3TT 5TT 7H 7TT 4 4 4 4...

Geometry
Q

Ex 4 Find each length Round to the nearest hundredth 4a DF 4b ST 4c...

Geometry
Q

Right triangle ABC is shown What is the value of 2

Geometry
Q

5 30 points 10 of which are bonus An n x n matrix A is...

Basic Math
Q

11 Given f x 4 x 2 x 5 3 x 2 x 6 determine...

Basic Math
Q

The perimeter of the trapezoid below is 42 cm What is its area A 576...

Statistics
Q

Pllows Inc makes decorative...

Accounting
Q

mi tierra driving school charges $720 per student to prepare and administer written and driving...

Accounting
Q

Under absorption? costing, all? ________ costs are product or inventoriable costs. A. direct production B....

Accounting
Q

Question Content Area An unfinished desk is produced for $34.95 and sold for $64.50. A...

Accounting