Keep-It-Hot Inc In Addition,October's Sales Are Expected to Be 9000 Units

question 40

Essay

Keep-it-Hot Inc.manufactures popular thermos flasks.On 30 June,the company had 1000 thermos flasks in inventory.Each thermos sells for $8.00.The company's policy is to maintain a thermos inventory equal to 10 per cent of next month's sales.The company expects the following sales activity for the third quarter of the year:
$\begin{array}{lc}\text { July } & 7000 \text { units } \\\text { August } & 15000 \text { units } \\\text { September } & 10000 \text { units }\end{array}$
In addition,October's sales are expected to be 9000 units.
Required:
A. Prepare a sales budget for the third quarter of the year.
B. Prepare a production budget for the third quarter of the year

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Definitions:

Chorionic Villi

Microscopic, fingerlike projections that emerge from the outer cellular layer of the chorion, contributing to the placenta and facilitating nutrient and oxygen exchange between the mother and fetus.

Endometrium

The inner lining of the uterus that thickens during the menstrual cycle in preparation for possible implantation of an embryo.

Meiosis II

A phase in cell division where a single cell divides once, leading to the creation of four haploid cells from the original diploid cell, primarily occurring in the production of gametes.

Cleavage Divisions

A series of mitotic cell divisions in early embryonic development that leads to an increase in cell number without cell growth.