Business, 05.11.2019 02:31, golderhadashaowtatz

Mason manufacturing products self-watering planters for use in upscale retail establishments. sales projections for the first five months of the upcoming year shows the estimated unit sales of the planters each month to be as follows:

january3,500
february3,400
march3,600
april4,000
may4,200
inventory at the start of the year was 350 planters. the desired inventory of planters at the end of each month should be equal to 10% of the following month’s budgeted sales. each planter requires two pounds of polypropylene (a type of plastic). the company wants to have 20% of the polypropylene required for next month’s production on hand at the end of each month. the polypropylene costs $0.25 per pound.
requirements
1. prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter.
2. prepare a direct materials budget for the polypropylene for each month in the first quarter polypropylene to be purchased.

Answers: 2

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Mason manufacturing products self-watering planters for use in upscale retail establishments. sales...