Project #30665 - Sales Forecast (accounting)

The sales forecast is:

 

January             20,000

February            90,000

March                30,000

April                   40,000

May                    20,000

 

ADDITIONAL INFORMATION     

 

a.            Ending finished goods inventory should be equal to 10% of next month's sales projection.

 

b.            Each unit requires 3 pounds of material at a raw material cost of $5per pound.

 

c:            Labor cost is $10 per unit produced.

 

d.            Ending raw material inventory should be equal to 20% of next month's material requirement.

 

e.            Factory overhead is $18,000 per month of which $8,000 is for depreciation.

 

f.            All costs are paid in the month incurred except for purchases which is paid in the following month.

 

What would be the:  

SALES BUDGET for the first quarter (January through March).
PRODUCTION BUDGET for the first quarter (January through March).

Raw Materials PURCHASES BUDGETfor the first quarter (Jan. through Mar.)

CASH DISBURSEMENTSbudget for the first quarter (January through March).

 

Subject Business
Due By (Pacific Time) 05/12/2014 07:00 pm
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