Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Thelr most popular...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Thelr most popular model is the All Weather and requires four separate XL components per unlt. The company Is now planning raw materlal needs for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a The finished goods Inventory on hand at the end of each month must be equal to units plus of the next month's sales. The finlshed goods inventory on March is budgeted to be units. b The raw materlals Inventory on hand at the end of each month must be equal to of the following month's production needs for raw materlals. The raw materlals Inventory on March for XL is budgeted to be components. c The company maintains no work in process Inventorles. A sales budget for the All Weather speaker is as follows: Required: Prepare a production budget for the All Weather for April, May, June and July. Prepare a direct materlals purchases budget showing the quantity of XL components to be purchased for Aprll, May and June and for the quarter In total. 
Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Thelr most popular model is the All Weather
and requires four separate XL components per unlt. The company Is now planning raw materlal needs for the second quarter. Sales
of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has
the following inventory requirements:
a The finished goods Inventory on hand at the end of each month must be equal to units plus of the next month's sales.
The finlshed goods inventory on March is budgeted to be units.
b The raw materlals Inventory on hand at the end of each month must be equal to of the following month's production needs for
raw materlals. The raw materlals Inventory on March for XL is budgeted to be components.
c The company maintains no work in process Inventorles.
A sales budget for the All Weather speaker is as follows:
Required:
Prepare a production budget for the All Weather for April, May, June and July.
Prepare a direct materlals purchases budget showing the quantity of XL components to be purchased for Aprll, May and June
and for the quarter In total.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.