Prepare a master budget for McGregor Pharmacy Company for the year ending December using the following information. Prepare it per quarter. Use the tables provided by the professor. Fill it
Prepare the Sales Budget assuming:
Expected sales volume: units for the first quarter, an increase of is expected for the second quarter, a decrease of for the third quarter, and an increase of for the fourth quarter.
The sales price should be $ for the first two quarters and $ for the last two quarters.
Prepare the Production Budget assuming:
The company believes it can meet future sales needs with an ending inventory of of the next quarter, for the first two quarters, and of the next quarter, for the last two quarters.
The expected sales in units for the first quarter of is
Prepare the Direct Material Budget assuming:
Ending inventory of raw material is expected to be of total pounds needed for production of the next quarter for the first two quarters and of the next quarter for the last two quarters.
The expected pounds needed for production in the first quarter of is
Each product requires pounds of raw material.
The expected cost per pound is $
