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Answer the following question(s) using the information below.Furniture Inc.estimates the following number of mattress sales for the first four months of 2019:
Answer the following question(s) using the information below.Furniture Inc.estimates the following number of mattress sales for the first four months of 2019:    Finished goods inventory at the end of December 2018 is 1,500 units.Target ending finished goods inventory is 30% of the next month's sales. -How many mattresses need to be produced in January 2019? A) 4,400 mattresses B) 5,000 mattresses C) 6,500 mattresses D) 7,100 mattresses E) 5,600 mattresses Finished goods inventory at the end of December 2018 is 1,500 units.Target ending finished goods inventory is 30% of the next month's sales.
-How many mattresses need to be produced in January 2019?

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Definitions:

Planning Budget

A financial plan that estimates the income and expenditures for a future period, typically structured around a specific project or business operation.

Supplies Costs

Expenses for materials and items necessary for the maintenance and operation of a business.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity levels, used for planning and control.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for a specific period.

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