Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:First quarter budgeted jump rope sales in units17,000Second quarter budgeted jump rope sales in units20,000Third quarter budgeted jump rope sales in units20,000Fourth quarter budgeted jump rope sales in units25,000Inventory at the beginning of the year was 4,500 jump ropes. Totz Company wants to have 20% of the next quarter's sales in units on hand at the end of each quarter. How many jump ropes should Totz Company produce during the first quarter?

Production budget for First quarter= 16,500 units

Explanation:

The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

                           = 20% × 20,000 = 4,000 units

Production budget for the first quarter

=17,000 + 4000 -4500

= 16,500 units

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explanation:

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