quiz2 - ADM2341B Quiz 2 Page 1 of 2 Solution ADM2341B,...

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Unformatted text preview: ADM2341B Quiz 2 Page 1 of 2 Solution ADM2341B, Managerial Accounting Winter 2007 Quiz #2, .................................................. /20 marks Student Name:___________________Student number:___________________________ Questions will be answered regarding possible errors in the exam only. ............................................................................................................................................................ Show calculations for part marks where appropriate. ErgoChair has developed the following data. 1. Sales forecast, January to March, 20X9 (in units): 2,300; 2,600; and 3,100. Inventory policy: inventory is maintained at 10% of budgeted sales needs for the coming month. The inventory of finished units at the beginning of January is 230. Required : Prepare a production budget for January and February of 20X9. Answer: January February Sales 2,300 2,600 + EB 260 310 = Needs 2,560 2,910 - BB 230 260 Production 2,330 2,650 4 points................................................................................................................................... ................................................................................................................................................ ...................................................................................................................................................
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quiz2 - ADM2341B Quiz 2 Page 1 of 2 Solution ADM2341B,...

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