Solution-Create a budget for the second quarter of the year

Create a budget for the second quarter of the year showing

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Reference no: EM132745057

Sallinger Products Inc. makes and sells grill covers. On March 31, the company had 400 covers in inventory. The company's policy is to maintain a cover inventory equal to 10% of next month's projected sales.

The company expects the following sales activity for the second quarter of the year:

April 4,000 units
May 5,000 units
June 7,000 units

Sales for both July and August are expected to be 8,000 units each. Each completed unit of finished product requires 6 yards of a plastic material which costs $30 per yard. The company has determined that it needs 15% of next month's raw material needs on hand at the end of each month. The company had 3,000 yards of plastic materialon hand at the end of March.

Required:

Problem A. a production budget for the second quarter of the year.

Problem B. a budget for the second quarter of the year showing the projected cost of the direct materials (plastic) that will be needed

Reference no: EM132745057

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Create a budget for the second quarter of the year showing

Reference no: EM132745057

Reference no: EM132745057

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