A Sales Budget Is Given Below for One of the Products

question 54

Essay

A sales budget is given below for one of the products manufactured by the OMI Co.: The inventory of finished goods at the end of each month must equal 20% of the next month's sales.However, on December 31 the finished goods inventory totaled only 4, 000 units.
Each unit of product requires three pounds of specialized material.Since the production of this specialized material by OMI's suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to 30% of the next month's production needs.This requirement had been met on January 1 of the current year.
Required:
a.Prepare a budget showing the required production each month for January, February, March, and April.
b.Prepare a budget showing the quantity of switches to be purchased each month for January, February, and March.

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Definitions:

Personality

Individual differences in characteristic patterns of thinking, feeling, and behaving.

Script Schemas

Cognitive frameworks that guide our understanding and expectations of social and role-specific behaviors.

Persons And Events

Refers to the individuals involved and occurrences in a given context, highlighting the importance of human actions and historical happenings.

Figure-Ground Separation

Figure-ground separation is a concept in perception and visual design where the main subject (figure) is perceived as separate and distinguishable from the background (ground).