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Silk house SDN BHD manufactures silk scarfs and is planning to sale 4,000 scarfs in April; 3,700 in May and, 3,500 in June

Accounting

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Silk house SDN BHD manufactures silk scarfs and is planning to sale 4,000 scarfs in April; 3,700 in May and, 3,500 in June. The company’s policy is to maintain a finished goods inventory equal to 10% of the next month’s sales. Assume finished goods inventory at the end of June is estimated to be 300 scarfs. In addition, Silk scarf requires one meter of silk.

1. Prepare the production budget (April; May and June)?
2. Prepare the raw material budget for quarter 2 (April; May and June)?
3. Prepare the production budget (April; May and June)?
4. Prepare the raw material budget for quarter 2 (April; May and June)?