Top Posters
Since Sunday
26
o
7
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
badd99 badd99
wrote...
Go to Answer
Posts: 68
Rep: 0 0
1 months ago
Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 20,000 for July, 25,000 for August, 28,000 for September and 30,000 for October. Grantham maintains an ending inventory equal to 10% of the current month's sales. Ending inventory at June 30th was 3,000.

Required:

Prepare a production budget for the 3rd quarter ending September 30.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 6 times
1 Reply
Replies
Answer verified by a subject expert
LaceyCGibsonLaceyCGibson
wrote...
#1
Posts: 86
Rep: 0 0
1 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
Grantham Manufacturing Company
Production Budget
JulyAugustSeptember3rd Quarter
Budgeted sales20,00025,00028,00073,000
Budgeted ending inventory  2,000  2,500  2,800  2,800
Total units required22,00027,50030,80075,800
Beginning inventory  3,000  2,000  2,500  3,000
Budgeted production19,00025,50028,30072,800
1

Related Topics

badd99 Author
wrote...

1 months ago
Thank you, thank you, thank you!
annabananerz
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
mambah4
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  322 People Browsing
 313 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 1640
  
 364
  
 37
Your Opinion
Which country would you like to visit for its food?
Votes: 126
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?