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

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 5,100 Sales units: Ending raw materials inventory: Ending finished goods inventory: First quarter 5,100; second quarter 6,800; third quarter 7,300 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,390 units ing finished geas The ending raw materials and finished goods inventories et December 31, 201G, 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. Prepare a production bu by quaefor the 6-month p June 30, 2017. Budget Quarter Year

Explanation / Answer

Production Budget For the Six Months Ending June 30, 2017 1 2 Year Expected Unit Sales 5100 6800 Add: Desired ending Finished goods units 1700 1825 Total Required Units 6800 8625 Less:Beginning Finished goods units 1275 1700 Required Production Units 5525 6925 12450

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