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Prepare production budget for the month of april

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Reference no: EM131122542

Budget and Capital Decisions-

Snip and Chip Inc. sells silk upholstery curtains for $150 each. The project's budgeted unit sales for four months during the current year appear below:

February

$39,000

April

$42,000

May

$44,000

June

$40,000

Additional information:

-The project desires to have an inventory at the end of each month equal to 15 percent of the following month's budgeted unit sales.

-Each curtain requires 2.0 yards of fabric.

-At the end of each month, the project decides to have 20 percent of the production material required for the next month on hand.

-The fabric costs $25 per yard. Each curtain produced requires 1 hour of direct labor.

-The project pays $27 per hour to its employees.

Prepare the following budgets for the project:

-Production budget for the month of April.

-Materials purchase budget for April.

Reference no: EM131122542

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