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Prepare production budget for abc company for july to dec

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Reference no: EM132559160

ABC Company has prepared a unit sales budget for the upcoming months (2020-2021) as follows:

ABC Company Sales Budget 2020-2021:

months     units       months       units

july          5000          dec         30000

aug         7500          jan            35000

sep         10000         feb            25000

oct          15000         mar           10000

nov            20000       apr           6000

ABC has a policy to maintain inventory levels equal to 30% of the coming month's sales requirements. Inventory on July 1, 2020 is projected to be 1,200 units.

Required:

Question 1. Prepare production budget for ABC Company for July to December 2020.

Question 2. Explain how economic trends due to the COVID-19 pandemic may impact on the sales forecasting of the company .

Question 3. As a Management Accountant, what would be your advice to the company management during the COVID-19 pandemic when making budget decisions?

Reference no: EM132559160

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