Ch. 9 WP

Ch. 9 WP - ABE9-2 Correct. Goody Company estimates that...

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ABE9-2
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Correct. Goody Company estimates that unit sales will be 10,500 in quarter 1; 12,800 in quarter 2; 14,900 in quarter 3; and 18,200 in quarter 4. Using a sales price of $83 per unit, prepare the sales budget by quarters for the year ending December 31, 2008. GOODY COMPANY Sales Budget For the Year Ending December 31, 2008 Quarter 1 2 3 4 Year Expected unit sales 10500 12800 14900 18200 56400 Unit selling price × $ 83 × $ 83 × $ 83 × $ 83 × $ 83 Total sales $ 871500 $ 1062400 $ 1236700 $ 1510600 $ 4681200
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ABE9-3
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Correct. Goody Company estimates that unit sales will be 10,400 in quarter 1; 12,200 in quarter 2; 14,900 in quarter 3; and 19,000 in quarter 4. Management desires to have an ending finished goods inventory equal to 22% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2008. (Enter all amounts as positive amounts and subtract where necessary.) GOODY COMPANY Production Budget For the Six Months Ending June 30, 2008 Quarter Six 1 2 Months Expected unit sales 10400 12200 Add: Desired ending finished goods 2684 3278 Total required units 13084 15478 Less: Beginning finished goods inventory 2288 2684 Required production units 10796 12794 23590
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Ch. 9 WP - ABE9-2 Correct. Goody Company estimates that...

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