Question - Budget Preparation Tuttle Company is preparing its master budget for November. Use the estimates provided to determine the necessary amounts for each of the following requirements. (Estimates may be related to more than one requirement.)
a. What should total sales revenue be if territories N and S estimate sales of 40,000 and 80,000 units, respectively and the unit selling price is $18?
b. If the beginning finished goods inventory is an estimated 6,000 units and the desired ending inventory is 5,000 units, how many units should be produced?
c. What dollar amount of material should be purchased at $2 per pound if each unit of product requires 3 pounds and beginning and ending materials inventories should be 12,000 and 10,000 pounds, respectively?