Any help with this budget question would be greatly appreciated. With steps woul

Question

Any help with this budget question would be greatly appreciated. With steps would be amazing!

Part 2 Party Time Inc. needs your help to create some of its budgets for the year. All of the firm's party favor boxes include 6 gold coins, regardless of the party box's "theme." Its sales budget for its all of its various party favor boxes combined is as follows: Party Time Inc. Sales Budget For the Year Ended Dec. 31, 2018 (weddings!) (Christmas! Yearly Total 50,900 5.50 74,800 $279,950 Q1 11,000 02 03 04 12,300 Budgeted unit sales Budgeted sales price Budgeted sales revenue 14,000 13,600 S 5.50 S 5.50 $ 5.50 5.50 60,500 67,650 $ 77,000 Party Time Inc. maintains ending finished goods inventory equal to 8% of the budgeted sales for the next quarter. At the end of the year, Party Time Inc. would like to have 750 finished boxes in its warehouse. In addition, Party Time Inc. maintains enough gold coins on hand to start each quarter with 5% of the current quarter's production needs. The firm wants to end Q4 of the coming year with 3,200 coins on hand 5) Complete the Production Budget for Party Time Inc. Show your work! Q1 Q2 Q3 Q4 Year Total Budgeted Production in Units

Explanation / Answer

Q1 Q2 Q3 Q4 Total Sales In Units 11000 12300 14000 13600 50900 Desired Ending Inventory 8% of Nest Month Sales 984 1120 1088 750 750 Less Beginnig Invetory 880 984 1120 1088 880 Budgeted Prodution in Units 11104 12436 13968 13262 50770

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