Question

In: Accounting

What is the budgeted production (in units) for 20Y6?

Daybook Inc. projected sales of 400,000 personal journals for 20Y6. The estimated January 1, 20Y6, inventory is 20,000 units, and the desired December 31, 20Y6, inventory is 23,500 units. What is the budgeted production (in units) for 20Y6?

Solutions

Expert Solution

Production Budget : A company's production budget outlines the number of units it needs generate to satisfy its sales and inventory targets.

Calculation of Budgeted production units for 20Y6

Daybook Inc

Production Budget

For the year ending December 31,20Y6

Particulars Units
Expected units to be sold 400,000
Add : Desired ending inventory ,December 31,20Y6 23,500
Total units required 423,500
Less : Estimated beginning inventory,January 1,20Y6 20,000
Total units to be produced 403,500

 

 

Therefore,the budgeted production units for 20Y6 is 403,500

balaji rao answered 2 years ago
Next > < Previous

Related Solutions

Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a...
Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per hour. Prepare a cost of...
Direct Materials Purchases Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is...
Direct Materials Purchases Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. If paper costs $0.40 per square yard, determine the direct materials purchases budget for 20Y6. $ 2) Direct Labor Cost Budget Daybook Inc. budgeted production of...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
The following data are given for Harry Company: Budgeted production 1,056 units Actual production   900 units...
The following data are given for Harry Company: Budgeted production 1,056 units Actual production   900 units Materials:     Standard price per ounce $1.758     Standard ounces per completed unit 11     Actual ounces purchased and used in production 10,197     Actual price paid for materials $20,904 Labor:     Standard hourly labor rate $14.09 per hour     Standard hours allowed per completed unit 4.4     Actual labor hours worked 4,635     Actual total labor costs $75,319 Overhead:     Actual and budgeted fixed overhead $1,054,000     Standard variable overhead rate $24.00 per...
The following data are given for Stringer Company: Budgeted production 959 units Actual production   1,063 units...
The following data are given for Stringer Company: Budgeted production 959 units Actual production   1,063 units Materials:     Standard price per ounce $1.9     Standard ounces per completed unit 10     Actual ounces purchased and used in production 10,949     Actual price paid for materials $22,445 Labor:     Standard hourly labor rate $14.96 per hour     Standard hours allowed per completed unit 4.6     Actual labor hours worked 5,474.45     Actual total labor costs $83,485 Overhead:     Actual and budgeted fixed overhead $1,186,000     Standard variable overhead rate $27.00 per...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 118,000 ? 80,000 Budgeted raw materials purchases (in pounds) 272,600 298,600 354,600 Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 23,000...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 70,200 ???? 81,000 Budgeted raw materials (in pounds) 143,400 154,600 159,800 Four pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 31% of the following month's production needs. The company is expected to have 42,400 pounds...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 70,100 ? 80,500 Budgeted raw materials purchases (in pounds) 193,353 153,100 159,300 Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the following month's production needs. The company is expected to have 44,163...
The following data is given for the Stringer Company: Budgeted production 954 units Actual production 1,030...
The following data is given for the Stringer Company: Budgeted production 954 units Actual production 1,030 units Materials: Standard price per ounce $1.92 Standard ounces per completed unit 12 Actual ounces purchased and used in production 12,731 Actual price paid for materials $26,099 Labor: Standard hourly labor rate $14.49 per hour Standard hours allowed per completed unit 4.8 Actual labor hours worked 5,304.5 Actual total labor costs $80,894 Overhead: Actual and budgeted fixed overhead $1,031,000 Standard variable overhead rate $25.00...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT