Course: ACC2110-104 PRINWileyPLUS Casey × Accounting question! Chegg × Secure l

Question

Course: ACC2110-104 PRINWileyPLUS Casey × Accounting question! Chegg × Secure l https://edugen.wileyplus.com/edugen/lti/main.uni Business Communic D Vll-Papers Teleco. GENERAL INFO: e.. C :: Apps Quiz 1 d How to Treat Cuban. Cultural Information. cuba business com.. Cuba-Communicati.. The World Factbook . Kimmel, Accounting, 6e Help System Announcements Home Read, Study & Practice Gradebook ORION Downloadable eTextbook Assignment>Open Assignment CALCULATORPRINTER VERSION BACK NEDCT On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 Sales units: Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production: ASSIGNMENT RESOURCES First quarter 5,300; second quarter 6,000; third quarter 7,800 Exercise 21-5 7,360 units. Exercise 21-6 (Par evel Submission The ending raw materials and finished goods inventories at December 31, 2016, rollow the same percentage relationships to production and sales that occur in 2017. 3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Exerise 21-9 (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2017 Exercise 21-13 HARDIN COMPANY Quarter ob Year Version 4.24.2.4

Explanation / Answer

HARDIN COMPANY Production Budget For the 6-Months Ended June 30, 2017 Quarter 1 2 Year Sales 5300 6000 Add: Ending finished goods inventory 1500 1950 Total required production 6800 7950 Less: Beginning finished goods inventory 1325 1500 Budgeted Production 5475 6450 11925

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