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Stephen's Corporation manufactures picture frames. Sales for July are expected to be 10,000
units of 8" " 10 "frames. The company had 1,200 frames in stock on June 30th, and is projecting
quired: Complete two separate rollforwards, one to determine the budgeted quantity of frames to
be produced, and one to determine budgeted quantity of framing to be purchased during July.

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Stephen's Corp July Frame Production & Purchase Budget Rollforward

  • 1. Stephen's Corporation manufactures picture frames. Sales for July are expected to be 10,000 units of 8" " 10 "frames. The company had 1,200 frames in stock on June 30th, and is projecting quired: Complete two separate rollforwards, one to determine the budgeted quantity of frames to be produced, and one to determine budgeted quantity of framing to be purchased during July.