Exercise 21-6 (Part Level Submission) On January 1, 2017, the Hardin Company bud

Question

Exercise 21-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017.

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Exercise 21-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 First quarter 5,800; second quarter 6,700; third quarter 7,200 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,800 units. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to production and sales that occur in 2017. 4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound

Explanation / Answer

Production Budget For the Six Months Ending June 30, 2017 1 2 Year Expected Unit Sales 5800 6700 Add: Desired ending Finished goods unit 1675 1950 Total Required Units 7475 8650 Less: Beginning Finished goods unit 1450 1675 Required Production Units 6025 6975 13000

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