1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastova [34]
1 year ago
6

Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending

finished goods inventory for the third quarter of 2022 at 24,000 units. The following unit sales are budgeted for fourth quarter 2022 and first three quarters of 2023: - fourth quarter 2022: 120,000 units - first quarter 2023: 125,000 units - second quarter 2023: 122,500 units - third quarter 2023: 128,000 units Company policy calls for the ending finished goods inventory of a quarter to equal
20%
of the next quarter's budgeted unit sales. Prepare a production budget for the period covering fourth quarter 2022 and first and second quarters of 2023 that shows the budgeted number of batteries the firm would need to manufacture. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period. You must show all of your work.
Business
1 answer:
Doss [256]1 year ago
4 0

Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.

Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.

The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.

The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.

For the given question, the production budget is prepared and attached in the form of an image.

Learn more about Production Budget here: brainly.com/question/13061264

#SPJ4

You might be interested in
Assume that the risk-free rate of interest is 6% and the expected rate of return on the market is 16%. I am buying a firm with a
algol [13]
This wouldn’t by chance have multiple choice options would it?
5 0
2 years ago
During a recent​ month, Company planned to provide cleaning services to customers for per hour. Each job was expected to take ho
givi [52]

Answer: B.  $1,050  more than expected.

Explanation:

The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.

Estimated revenue was;

= 30 * 30 * 3

= $2,700

However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.

Number of customers = 30 + 20

= 50 customers

Actual revenue

= 50 * 30 * 2.5

= $3,750

Difference is;

= 3,750 - 2,700

= $1,050 more

7 0
3 years ago
When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature,
olya-2409 [2.1K]

When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records the journal entry of its payment of principal with a debit to cash in the amount of $50,000.

<h3>What is a journal entry?</h3>

A systematic way of making and maintaining the record of the financial transactions in the journal books of an organization, with a proper narration of the same, is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about a journal entry here:

brainly.com/question/20421012

#SPJ1

8 0
2 years ago
A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed
elena-14-01-66 [18.8K]

Answer:Break-even point (dollars)= $26,000

Explanation:

5 0
3 years ago
Read 2 more answers
In the marxian framework, the __________ comprises those who own and control the means of production
Oduvanchick [21]
<span>The bourgeoisie, or capitalists, are made up of those who own and control the means of production. However, they do very little actual labor. The labor is done by the working class, or the proletariat, who have been separated from their capital, the fruits of their labors.</span>
7 0
3 years ago
Other questions:
  • Al Smith, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300
    9·1 answer
  • Pauley Company needs to determine a markup for a new product. Pauley expects to sell 22,000 units and wants a target profit of $
    6·1 answer
  • .
    11·1 answer
  • Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____
    8·2 answers
  • d. The Trans Pacific Partnership (TTP) met with significant political resistance in the United States when it was announced, (se
    9·1 answer
  • if the change in reserves in the banking system is $40 million, and the required reserve ratio is 10 percent, then the change in
    10·2 answers
  • Quattlebaum Widgets is creating a company strategy to expand its market to include teens, as well as children and adults. When e
    14·1 answer
  • List three things to compare when getting a car loan.
    9·1 answer
  • Mergers and acquisitions commonly introduce __________ risk, which may change how an organization operates.
    6·1 answer
  • the xyz block company purchased a new office computer and other depreciable computer hardware for $12,000. during the third year
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!