TED Annette Company produces a callber used in the production of automobile tran

Question

TED Annette Company produces a callber used in the production of automobile transmissions. The caliber is sold to automobile manufactures and automobile engine manufacturers. The Sales Price is $240 per unit. The Budgeted Expected) Sales In Units for the first four (4) months of the next year are as follow MONTH ANUARY FEBRUARY MARCH APRIL UNITS 30,000 40,000 50.000 60.000 Annette Company's policy Is to have twenty percent (20%) of next month's Budgeted (Expected) Sales in Ending Finished Goods laventory, In addition each caliber requires four (4) pounds of metal materials (Direct Materials) which cost $12.50 per pound. Annette Company's policy is to have fortypercent(40%)of next month's production needs in Ending Raw Materials (Direct Materials) laventory Required Prepare a monthly Operating Budget for the first quarter of nest year for the following individual Budgets 1. Sales Budget 2. Production Budget 3. Direct Materials Purchases Budget

Explanation / Answer

ANNETTE COMPANY Sales Budget (Schedule 1) For the Quarter Ended March 31 January February March Total Units 30,000 40,000 50,000 120,000 *Sales Price $240 $240 $240 $240 Total Sales $7,200,000 $9,600,000 $12,000,000 $28,800,000

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.