- Mandelbaum Company Is Preparing Its Master Budget For 2021 Relevant Data Pertaining To Its Sales Production And Direc 1 (146.18 KiB) Viewed 8 times
Mandelbaum Company is preparing its master budget for 2021. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales: Sales for the year are expected to total 1,700,000 units. Quarterly sales are 21%, 25%, 26%, and 28%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $46 per unit beginning in the fourth quarter. Sales in the first quarter of 2022 are expected to be 10% higher than the budgeted sales for the first quarter of 2021. Production: Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales volume. Instructions: Prepare the sales and production budgets, by quarters, for 2021 (complete the highlighted cells). YOU MUST USE EXCEL FORMULAS AND FEEDS FOR ALL CALCULATIONS. MANUAL ENTRIES WILL NOT EARN CREDIT. Expected Unit Sales Unit Selling Price Total Expected Unit Sales Add: Desired Ending Inventory Total Required Units Less: Beginning FG Inventory Purchases Mandelbaum Company Sales Budget For the Year Ending December 31, 2021 1 2 Mandelbaum Company Production Budget For the Year Ending December 31, 2021 1 2 Quarter Quarter 3 4 4 Year Year