Cost AccountingUnit8info

Cost AccountingUnit8info - Assignment Checklist 1 Prepare...

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Cost Accounting Homework Exercise 21, Page 358 Nafari Company's sales budget has the following unit sales projection for each quarter of the calendar year 2011. January -March 1,080,000 April-June 1,360,000 July-September 980,000 October-December 1,100,000 Total 4,520,000 Sales for the first quarter of 2012 are expected to be 1,200,000 units. Ending Inventory of finished goods for each quarter is scheduled to equal 10 percent of next quarter's budgeted sales. The company's ending inventory on December 31, 2010, is estimated at 94,500 units. Develop a quarterly production budget for 2011 and for the year in total.
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Unformatted text preview: Assignment Checklist: 1) Prepare the beginning inventory for the first quarter 2) Prepare the budgeted beginning inventory for the second - fourth quarters 3) Prepare the budgeted production for each quarter 4) Prepare the budgeted production for the year Discussion: Distinguish between a strategic plan and a tactical plan. How are these two plans related? Differentiate between the operating and financial budgets that are contained in a master budget. Why are both types needed? Cost Accounting 8e Foundations and Evolutions Kinney and Raiborn Chapter 8 question #5...
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This note was uploaded on 01/18/2012 for the course HOMEWORK AC420 taught by Professor Atkins during the Spring '11 term at Kaplan University.

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