Solution-Prepare a materials purchase budget in pounds

Prepare a materials purchase budget in pounds

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Reference no: EM133069317

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A) For the year 2020, P marketing managers project quarterly sales of 100,000 product A and 50,000 per quarter of product B. Average selling prices are estimated at $8.00 per product A and $6.00 per product B. Sales are collected 60% in the quarter of sale and 40% the quarter after sale. Prepare a revenue budget for the year ending December 31, 2020.

B) P begins 2020 with 80,000 of A in inventory. The vice president of operations requests that ending inventory on December 31,2020 of product A be no less than 60,000 units. Based on sales projections of 100,000units, prepare a production budget for product A in 2020?

C) Assume Production of finished goods from the production budget for quarters one and two are 2000 and 3000 finished goods respectively.

Each finished good requires 2 pounds of materials. The firm has a materials desired ending inventory for each quarter equal to 30% of next periods material need per the production budget. The materials on hand at the beginning of quarter one is 3000 pounds. Prepare a materials purchase budget in pounds for the first quarter.

Reference no: EM133069317

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Prepare a materials purchase budget in pounds

Reference no: EM133069317

Reference no: EM133069317

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