1. Sale Bedro Johnson Inc. aclla high-tech styplers. Johmson is preparing budget

Question

1. Sale Bedro Johnson Inc. aclla high-tech styplers. Johmson is preparing budgets for the qwarter ending September 30, 2017. The sales price is $14.00 per stapler. Johnson expects the following number of units to be sold in the coming ycar July Ai?nt September October 10,000 25,000 15,000 12,500 Required: Prepare a sales budget for the third quarter of the coming ycar, showing units and sales revenue by month and in total for the quarter Check Figure: Total projected sales revenue for the quarter-$700,000 2. Production Budget: Johnson wants ending inventory to be 15 percent of the next month's budgeted sales in units. 4,000 units were on hand June 30 Required: Prepare a production budget for the third quarter of the year. Show the number of staplers that should be produced cach month as well as for the quarter in total. Check Figure: Total budgeted product units to produce for the quarter-47.875 3. Materials Purchases Budget Three sheets of metal are required to produce a single stapler. Johnson wants to have materials on hand at the end of each month equal to 20 percent of the following month's production needs. The materials inventory on June 30 is 8,000 sheets of metal. October production is budgeted for 15,000 units. Required: Prepare a direct materials purchases budget for metal sheets for the quarter ending September 30. Show how many sheets of metal should be purchased each month as well as for the quarter in total. Check Figure: Total budgeted units of material to purchase for the quarter-114625

Explanation / Answer

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sales budget particulars july aug sep total sales unit (a) 10000 25000 15000 50000 price (b) 14 14 14 sales revenue (a*b) 140000 350000 210000 700000

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