the budgeted production (in units) for 2022 will be 98,100
Production + opening stock= sales+ closing stock
Production + 7,500= 86000 + 19600
Production = 98,100
What do you mean by production budget?
The sales forecast and the anticipated amount of finished goods inventory to be on hand are combined to create the production budget, which determines the number of products that must be made (usually as safety stock to cover for unexpected increases in demand).
How important budgeting is in production process?
A production budget aids the business in planning output levels for varying demand times. A corporation can use the downtime to make an extra products to have on hand for a future period when demand increases if it anticipates that demand and production levels will be low in a month.
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Answer:
Dr Cash Account and Cr Income statement (i.e investment income)
Explanation:
This represents returns received on shareholding with Ferry Intercommunications.
This will credited as other income in the income statement and it will also increase the company's cash balance since it is a cash inflow.
C. ability to do banking anytime.
Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
