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- Your answer is partially correct. On December 31, 2017, Sheffield had 30 acoustic guitars in stock-fewer than the desired inventory level of 84 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars. 1st Quarter Production Budget 2nd Quarter 3rd Quarter 250 4th Quarter Annual 210 290 340 1090 100 116 136 96 448 310 366 426 436 1878 100 116 136 382 280 266 310 300 1496 e Textbook and Media Sheffield Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the company's sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices. Acoustic guitar sales Electric guitar sales Sales Price $1,200 $2,370 1st Quarter 210 400 2nd Quarter 250 340 3rd Quarter 290 300 4th Quarter 340 370 Your answer is correct. Prepare Sheffield's sales budget for 2018. Sales Budget 3rd Quarter 1st Quarter 2nd Quarter 4th Quarter Annual old 210 250 290 340 1090 rice 1200 1200 1200 1200 1200 252000 $ 300000 LA $ 348000 $ 408000 $ 1308000 old 4001 400 340 300 370 1410 rice 2370 2370 2370 2370 2370 A 948000 805800 711000 876900 3341700 1200000 1105800 1059000 1284900 4649700 Your answer is partially correct. Each acoustic guitar requires a maple neck blank, which Sheffield purchases for $45. On December 31, 2017, Sheffield had 390 neck blanks in inventory. Spoilage during the production process results in a standard quantity of 1.5 necks per acoustic guitar. Because of recent delivery problems, Sheffield wants to maintain an ending inventory equal to 50% of the following quarter's production needs. Since the supplier has assured Sheffield that the delivery issues will be resolved by the end of December, Sheffield wants only 360 neck blanks in inventory on December 31, 2018. Prepare the purchases budget for neck blanks for 2018. (Enter "per guitar" value to 1 decimal place, e.g. 3.1. Round all other answers to O decimal places, e.g. 153.) Purchases Budget 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Budgeted production 280 266 310 300 Standard necks per guitar 1.5 1.5 1.5 1.5 Production needs 420 399 465 960 Budgeted ending inventory 100 116 136 96 Total DM required (necks) Beginning inventory Budgeted purchases (necks) - Standard price per neck $ Budgeted purchases cost Each acoustic guitar requires a maple neck blank, which Sheffield purchases for $45. On December 31, 2017, Sheffield had 390 neck blanks in inventory. Spoilage during the production process results in a standard quantity of 1.5 necks per acoustic guitar. Because of recent delivery problems, Sheffield wants to maintain an ending inventory equal to 50% of the following quarter's production needs. Since the supplier has assured Sheffield that the delivery issues will be resolved by the end of December, Sheffield wants only 360 neck blanks in inventory on December 31, 2018. Prepare the purchases budget for neck blanks for 2018. (Enter "per guitar" value to 1 decimal place, e.g. 3.1. Round all other answers to O decimal places, e.g. 153.) 1st Quarter Purchases Budget 2nd Quarter 3rd Quarter 266 4th Quarter Annual 280 310 300 1.5 1.5 1.5 1.5 1.5 420 399 465 960 2244 100 116 136 96 $ s/36010/signments/3780467/module Jtem de 12077870 Sheffield Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians, Vanessa Aaron, the company's sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric putar price to cover anticipated increases in raw materials prices 4 Quarter Sales Price $1.200 $2.370 Acoustic guitar sales Electric guitar sales Quarter 210 400 3 Quarter 290 2 Quarter 250 340 340 300 370 Your wris correct Prepare Sheffield's sales budget for 2018 Sales Budget 3rd Quarter 1 Quarter 2nd Quarter Acoustic Budgeted units sold Budgeted revenues 252000 300000 $ 348000 Electric Buty sale prices B edrevenue Total revenue FGHJK L 19/assignments/3780467?module_item ld 12077870 e Textbook and Media Assistance Used - Your answer is partially correct. On December 31, 2017 Sheffield had 30 acoustic guitars in stock-fewer than the desired inventory level of 84 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars Production Budret 2nd Quarter 3 Quarter 1 Quarter Budgeted unit sales Budgeted ending Inventory Totalnire Being intory Budgeted production : e Textbook and Media Your wwwer is partially correct sigments/3780467?module_tom_id-12077870 eTextbook and Media Assistance Used - Your answer is partially correct. On December 31, 2017. Sheffield had 30 acoustic guitars in stock-fewer than the desired inventory level of 84 guitars, based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars Production Budget 2nd Quarter 14 Quarter 3 Quarter 4th Quarter Annual 100 e Textbook and Media Your answer is partially correct FIGIHKU 8019/assignments/3780467?module_item_id=12077870 Your answer is partially correct. Each acoustic guitar requires a maple neck blank, which Sheffield purchases for $45. On December 31, 2017 Sheffield had 390 neck blanks in Inventory. Spoilage during the production process results in a standard quantity of 15 necks per acoustic guitar. Because of recent delivery problems, Sheffield wants to maintain an ending inventory equal to 50% of the following quarter's production needs. Since the supplier has assured Sheffield that the delivery issues will be resolved by the end of December, Sheffield wants only 360 neck blanks in inventory on December 31 2018. Prepare the purchases budget for neck blanks for 2018. (Enterper guitar' value to 1 decimal place. es. 3.1. Round all other answers to decimal places, s. 1530 Purchases Budget 2nd Quarter 3rd Quarter 1st Quarter Budgeted production : Standard neckspert Production needs Buitending intory ! Total DM required necks) Beginning inventory Bugeted purchases inacks Standard price Budete purchase.co e Textbook and Media 8 9 36019/assignments/3780467?module Jtem id-12077870 Your answer is partially correct. Each acoustic guitar requires a maple neck blank, which Sheffield purchases for $45. On December 31, 2017 Sheffield had 390 neck banks in Inventory Spoilage during the production process results in a standard quantity of 15 necks per acoustic guitar. Because of recent delivery problems. Shefheld wants to maintain an ending inventory equal to 50% of the following quarter's production needs. Since the supplier has assured Sheffield that the delivery issues will be resolved by the end of December, Sheffield wants only 360 neck blanks in Inventory on December 31 2018. Prepare the purchases budget for neck blanks for 2018. (Enter "per guitar' value to 1 decimal places. 3.1. Round all other answers to decimal places, s. 153) Purchases Budget 2nd Quarter 3rd Quarter 1 Quarter 4th Quarter Annual 2 e Textbook and Media 8 9 0

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