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Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475,...

Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows:

S12L7 S12L5
First quarter, 20Y1 880 1,430
Second quarter, 20Y1 2,420 1,540
Third quarter, 20Y1 6,160 5,830
Fourth quarter, 20Y1 5,060 4,290
First quarter, 20Y2 990 1,320

The vice president of sales believes that the projected sales are realistic and can be achieved by the company.

Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company's policy is to have 30% of the next quarter's sales of S12L5 in ending inventory.

Required:

Prepare a production budget for each quarter for 20Y1 and for the year in total.

Stillwater Designs
Production Budget for S12L7
For the Year Ended December 31, 20Y1
1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year
Sales fill in the blank 54c826f7d04e058_1 fill in the blank 54c826f7d04e058_2 fill in the blank 54c826f7d04e058_3 fill in the blank 54c826f7d04e058_4 fill in the blank 54c826f7d04e058_5
Desired ending inventory fill in the blank 54c826f7d04e058_6 fill in the blank 54c826f7d04e058_7 fill in the blank 54c826f7d04e058_8 fill in the blank 54c826f7d04e058_9 fill in the blank 54c826f7d04e058_10
Total needs fill in the blank 54c826f7d04e058_11 fill in the blank 54c826f7d04e058_12 fill in the blank 54c826f7d04e058_13 fill in the blank 54c826f7d04e058_14 fill in the blank 54c826f7d04e058_15
Less: Beginning inventory fill in the blank 54c826f7d04e058_16 fill in the blank 54c826f7d04e058_17 fill in the blank 54c826f7d04e058_18 fill in the blank 54c826f7d04e058_19 fill in the blank 54c826f7d04e058_20
Units produced fill in the blank 54c826f7d04e058_21 fill in the blank 54c826f7d04e058_22 fill in the blank 54c826f7d04e058_23 fill in the blank 54c826f7d04e058_24 fill in the blank 54c826f7d04e058_25

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Partially correct

Prepare a production budget for each quarter for 20Y1 and for the year in total. If required, round your answers to nearest whole value.

Stillwater Designs
Production Budget for S12L5
For the Year Ended December 31, 20Y1
1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year
Sales fill in the blank c9961df46001fb3_1 fill in the blank c9961df46001fb3_2 fill in the blank c9961df46001fb3_3 fill in the blank c9961df46001fb3_4 fill in the blank c9961df46001fb3_5
Desired ending inventory fill in the blank c9961df46001fb3_6 fill in the blank c9961df46001fb3_7 fill in the blank c9961df46001fb3_8 fill in the blank c9961df46001fb3_9 fill in the blank c9961df46001fb3_10
Total needs fill in the blank c9961df46001fb3_11 fill in the blank c9961df46001fb3_12 fill in the blank c9961df46001fb3_13 fill in the blank c9961df46001fb3_14 fill in the blank c9961df46001fb3_15
Less: Beginning inventory fill in the blank c9961df46001fb3_16 fill in the blank c9961df46001fb3_17 fill in the blank c9961df46001fb3_18 fill in the blank c9961df46001fb3_19 fill in the blank c9961df46001fb3_20
Units produced fill in the blank c9961df46001fb3_21 fill in the blank c9961df46001fb3_22 fill in the blank c9961df46001fb3_23 fill in the blank c9961df46001fb3_24 fill in the blank c9961df46001fb3_25

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ekkarill92 answered 1 year ago
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