Business, 06.07.2021 22:00 amberskids2

Culver Company has budgeted the following unit sales: 2022 2023 Quarter Units Quarter Units 1 108,000 1 94,000 2 63,000 3 73,000 4 118,000 The finished goods inventory on hand on December 31, 2021 was 21,600 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2022.

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Answer from: adenn3693

Culver Company

Production Budget for 2022:

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total

Unit sales 108,000 63,000 73,000 118,000 362,000

Ending inventory 12,600 14,600 23,600 18,800 18,800

Total units available 120,600 77,600 96,600 136,800 380,800

Beginning inventory 21,600 12,600 14,600 23,600 21,600

Production units 99,000 65,000 82,000 113,200 359,200

Explanation:

a) Data and Calculations:

2022 2023

Quarter Units Quarter Units

1 108,000 1 94,000

2 63,000

3 73,000

4 118,000

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1

Unit sales 108,000 63,000 73,000 118,000 94,000

Beginning inventory 21,600 12,600 14,600 23,600 18,800

Ending inventory 12,600 14,600 23,600 18,800

Production Budget for 2022:

Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total

Unit sales 108,000 63,000 73,000 118,000 362,000

Ending inventory 12,600 14,600 23,600 18,800 18,800

Total units available 120,600 77,600 96,600 136,800 380,800

Beginning inventory 21,600 12,600 14,600 23,600 21,600

Production units 99,000 65,000 82,000 113,200 359,200

Answer from: Quest

The correct answer is "c. a limited partnership without a general power".

Answer from: Quest

lives by a moral and ethical code

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Culver Company has budgeted the following unit sales: 2022 2023 Quarter Units Quarter Units 1 108,00...

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