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(Solved) Your answer is partially correct. Try again. Turney Company


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Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows.


Quarter HD-240
1 5,500
2 7,420
3 8,260
4 10,130


The January 1, 2017, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarter?s sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017.


Prepare quarterly production budgets for each quarter and in total for 2017.


TURNEY COMPANY
Production Budget
 For the Year Ending December 31, 2017For the Month Ended December 31, 2017For the Quarter Ended December 31, 2017
Product HD-240
Quarter
                                                                                               1 2 3 4
Year
 Expected Unit SalesRequired Production UnitsTotal Materials RequiredDesired Ending Finished Goods UnitDirect Materials Per UnitTotal Required UnitsBeginning Finished Goods UnitBeginning Direct MaterialsDesired Ending Direct MaterialsDirect Materials Purchases
 AddLess:   Required Production UnitsDirect Materials Per UnitDesired Ending Finished Goods UnitDirect Materials PurchasesExpected Unit SalesTotal Materials RequiredTotal Required UnitsBeginning Finished Goods UnitBeginning Direct MaterialsDesired Ending Direct Materials
 Beginning Finished Goods UnitDirect Materials PurchasesTotal Materials RequiredTotal Required UnitsExpected Unit SalesDesired Ending Direct MaterialsBeginning Direct MaterialsDirect Materials Per UnitDesired Ending Finished Goods UnitRequired Production Units
 AddLess:   Desired Ending Direct MaterialsDirect Materials PurchasesExpected Unit SalesDesired Ending Finished Goods UnitTotal Materials RequiredDirect Materials Per UnitRequired Production UnitsTotal Required UnitsBeginning Finished Goods UnitBeginning Direct Materials
 Total Required UnitsBeginning Finished Goods UnitRequired Production UnitsDesired Ending Finished Goods UnitDesired Ending Direct MaterialsDirect Materials Per UnitTotal Materials RequiredBeginning Direct MaterialsDirect Materials PurchasesExpected Unit Sales


 


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Oct 15, 2019

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