connect.h Chapter 7 Quiz 6 Help Save & Exit Sub Required information 3 Ruiz Co p

Question

connect.h Chapter 7 Quiz 6 Help Save & Exit Sub Required information 3 Ruiz Co provides the following sales forecast for the next four months April May Juneuly Sales (units) 680 768 71888 Part 1 of 2 The company wants to end each month win ending finished goods inventory equal to 40% of next month's forecasted sales. Finished e goods inventory on Apnil 1 is 272 units. Assume July's budgeted production is 710 units In addition, each finished unit requires six pounds (Obs) of raw materials and the company wants to end each month with row materials inventory equal to 40% of next month's production needs Beginning ravv materials anvemory for April was 1,709 pounds Assume direct macerials cost $5 per pound Prepere a production budget for the months of Apri, Mayand June. Production Budget For April, May, and June ext monthis budgeted sales junts) Ratio of inventory to fulure sales Requined unts of avalable production Units to be produced C Prev 34 of Next> Type here to search PrtScn End PgDn rs F7 8

Explanation / Answer

Prepare production budget :

April May June Budgeted sales (units) 680 760 710 Add: Desired ending inventory (units) 304 284 320 Total needs 984 1044 1030 Less: Beginning inventory (units) (272) (304) (284) Production units 712 740 746

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