ACC 556 STR Course Great Wisdom / tutorialrank.com ACC 556 STR Course Great Wisdom / tutorialrank.com | Page 46

having an inventory of units on hand at the end of each month equal
to 30% of next month's budgeted unit sales. If there were 61,200 units
of inventory on hand on December 31, 2012, how many units should
be produced in January, 2013 in order for the company to meet its
goals?
Question 12
The following information is taken from the production budget for the
first quarter:
Beginning inventory in units
Sales budgeted for the quarter
Production capacity in units

1,200
456,000
472,000

How many finished goods units should be produced during the
quarter if the company desires 3,200 units available to start the next
quarter?
Question 13
A company determined that the budgeted cost of producing a product
is $30 per unit. On June 1, there were 80,000 units on hand, the sales
department budgeted sales of 300,000 units in June, and the company
desires to have 120,000 units on hand on June 30. The budgeted cost
of goods manufactured for June would be
Question 14
The single most important output in preparing financial budgets is the
Question 15
What is the proper preparation sequencing of the following budgets?
1 - Budgeted Balance Sheet
2 - Sales Budget