Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. galactic inc. manufactures flying drone toys. sale

Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May...

50.1K

Verified Solution

Question

Accounting

imageimage

Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 580, 560, 632,592, and 660 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next month's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. Jan Feb Mar 1st Quarter 443 Budgeted Production in Units 145 140 158 Required Required 2

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students