Jones Manufacturing Jones Manufacturing sells unique decorative water fountains. The company has prepared the following forecast for the first quarter of 2013:
Ending inventory at December 31, 2012 was budgeted at 300 units. Management would like the desired quantity of finished goods inventory at the end of each month to be equal to 15 percent of next month's budgeted unit sales. April's sales are projected to be 3,200 units.
Each completed unit of finished product requires 2.5 pounds of compounding material at a cost of $4.00 per pound. The company has determined that it needs 20 percent of next month's raw material needs on hand at the end of each month.
Refer to the Jones Manufacturing information above. The total required production of water fountains for the first quarter of 2013 is:
A) 8,800 units
B) 8,020 units
C) 8,620 units
D) 8,980 units
Correct Answer:
Verified
Q27: Ligon Enterprises has prepared a production budget
Q28: The budget that forecasts how many units
Q29: Thurston Products Thurston Products sells a popular
Q30: Which of the following equations best depicts
Q31: Select Manufacturing sells a variety of office
Q33: Homestyle Interiors sells a variety of home
Q34: Newman Products is preparing their first quarter
Q35: In 2012, Truman Products sold 900,000 units
Q36: Brady Inc. produced and sold 200,000 units
Q37: Keep-it-Cool Products Inc. manufactures a medium-sized drink
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents