menu
Sign up

Bright Lights Company Manufactures Lamps

Question 60
Multiple Choice

Bright Lights Company manufactures lamps. The estimated lamp sales for the last three months of the current year are as follows: Month Sales October 10,000 November 13,000 December 15,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25% of the next month's sales. The company expects to sell the lamps for $25 each. The first three months of the next year's sales are projected at 16,000 lamps. How many lamps should be produced in November? A) 10,500 lamps B) 11,000 lamps C) 13,500 lamps D) 14,000 lamps

Related questions
Q 61
Boxes R Us Corporation manufactures boxes. The estimated number of boxes to be sold for the first three months of the year is as follows: Month Sales January 3,000 February 4,200 March 3,900 Finished goods inventory at the end of December was 900 units. Ending finished goods inventory is equal to 20% of the next month's sales. The company expects to sell the boxes for $5 each. April sales are projected at 4,500 boxes. How many boxes should be produced in February? A) 3,900 boxes B) 4,140 boxes C) 4,200 boxes D) 4,260 boxes
Q 62
The following forecasted sales pertain to Nyak Company: Month Sales April $200,000 May 250,000 June 150,000 July 100,000 Collection pattern: 60% in month of sale 40% in month following the sale Accounts receivable as of March 31 $35,000 Finished goods inventory as of March 31 4,000 units The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20% of the next month's sales. How many units are expected to be produced in April? A) 19,000 units B) 20,000 units C) 21,000 units D) 25,000 units
Q 63
Refer to Shortie Company. How many units of Y Brand are budgeted for production in June? A) 45,000 B) 64,000 C) 70,000 D) 72,000
logo
© 2020 QuizPlus. All Right Reserved