Fuqua Companys sales budget projects unit sales of part 198Z of 10,300 units in January,...
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Fuqua Companys sales budget projects unit sales of part 198Z of 10,300 units in January, 13,000 units in February, and 14,000 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next months production requirements, and its ending finished goods inventory to equal 20% of the next months expected unit sales. These goals were met at December 31, 2016.
Prepare a production budget for January and February 2017.
Prepare a direct materials budget for January 2017.
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