Below is budgeted production and sales information for Flushing Company for the

Question

Below is budgeted production and sales information for Flushing Company for the month of December:

Estimated beginning inventory: Product XXX= 30,000 units Product ZZZ= 18,000 units

Desired ending inventory: Product XXX= 34,000 units Product ZZZ= 17,000 units

Region I, anticipated sales: Product XXX= 320,000 units Product ZZZ= 260,000 units

Region II, anticipated sales: Product XXX= 180,000 units Product ZZZ= 140,000 units

THE UNIT SELLING PRICE FOR PRODUCT XXX IS $6 AND FOR PRODUCT ZZZ IS $15.

(1.) BUDGETED SALES FOR THE MONTH ARE: ? $_________________

(2.) BUDGETED PRODUCTION UNITS FOR PRODUCT XXX DURING THE MONTH IS:? _________________units

Explanation / Answer

1 Product XXX Product ZZZ Region I anticipated sales 320000 260000 Region II anticipated sales 180000 140000 Total Anticipated Sale (in Units) 500000 400000 Selling Price per unit $ 6.00 $ 15.00 Total Expected Sale (In $) $ 3,000,000.00 $ 6,000,000.00 Budgeted Sales for the month are $ 9,000,000.00 2 Product XXX Product ZZZ Total Anticipated Sale (in Units) 500000 400000 Opening Inventory 30000 18000 Closing Inventory 34000 17000 Production Required 504000 399000

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