Homework Answers
| November sales uncollected | 183500 | =734000*25% |
| December sales uncollected | 555200 | =694000*80% |
| Accounts Receivable on December 31 | 738700 | |
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TB MC Qu. 8-89 Harrti Corporation has budgeted for ... Harrt Corporation has budgeted for the...
TB MC Qu. 8-176 Caspion Corporation makes and sells ... Caspion Corporation makes and sells a...
TB MC Qu. 8-176 Caspion Corporation makes and sells ... Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 75 kilograms of the raw material Jurision. Budgeted production of Miniwarps for the next five months is as follows: August September October November December 23,100 units 21, 800 units 23,200 units 24,400 units 24, 100 units The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July...
Harrti Corporation has budgeted for the following sales: July $ 446,600 August $ 581,600 September $...
Harrti Corporation has budgeted for the following sales: July $ 446,600 August $ 581,600 September $ 615,800 October $ 890,800 November $ 738,000 December $ 698,000 Sales are collected as follows: 15% in the month of sale; 65% in the month following the sale; and the remaining 20% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
TB MC Qu. 8-112 Sevenbergen Corporation makes one product ... Sevenbergen Corporation makes one product and...
TB MC Qu. 8-112 Sevenbergen Corporation makes one product ... Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 92 Budgeted unit sales (all on credit): July 9,000 August 11,300 September 10,400 October 10,800 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.8 direct...
Harrti Corporation has budgeted for the following sales: July August September October November December $448,000 $583,000...
Harrti Corporation has budgeted for the following sales: July August September October November December $448,000 $583,000 $616,500 $891,500 $ 745,000 $705,000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amoun will accounts receivable be shown?
TB MC Qu. 8-103 Rokosz Corporation makes one product and ... Rokosz Corporation makes one product...
TB MC Qu. 8-103 Rokosz Corporation makes one product and ... Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in...
TB MC Qu. 8-137 Fuson Corporation makes one product and has ... Fuson Corporation makes one...
TB MC Qu. 8-137 Fuson Corporation makes one product and has ... Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 118 Budgeted unit sales (all on credit): October 9,600 November 10,100 December 13,700 January 11,300 Raw materials requirement per unit of output 3 pounds Raw materials cost $ 4.00 per pound Direct labor requirement per unit of output...
TB MC Qu. 8-67 Tracle Corporation manufactures and sells women's ... Tracie Corporation manufactures and sells...
TB MC Qu. 8-67 Tracle Corporation manufactures and sells women's ... Tracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 22 yards of cloth. Selected data from Tracie's master budget for next quarter are shown below: Budgeted sales (in units) Budgeted production (in units) July August September 8,000 10,000 12,000 9,000 11,500 14,000 Each unit requires 0.9 hours of direct labor, and the average hourly cost of Tracie's direct laboris $19. What is the cost of Tracle Corporation's...
ZZ, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales...
ZZ, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales in Units July 7,700 units August 8,300 units September 5,400 units October 10,200 units November ?????? units December 11,700 units The selling price is $18 per unit. 30% of the company's sales are cash sales and 70% of the company's sales are made on account. The sales on account are collected in the pattern 15% in the month of sale, 20% in the month...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in units Production in units January February March 16,200 22,400 19,200 19,200 20,200 18,700 One pound of material is required for each finished unit. The Inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be
TB MC Qu. 8-106 Michard Corporation makes one product and ... Michard Corporation makes one product and it provided the...
TB MC Qu. 8-106 Michard Corporation makes one product and ... Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. Regarding credit sales, 20% are collected in the month of the sale and 80% in...
TB MC Qu. 8-176 Caspion Corporation makes and sells ... Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 75 kilograms of the raw material Jurision. Budgeted production of Miniwarps for the next five months is as follows: August September October November December 23,100 units 21, 800 units 23,200 units 24,400 units 24, 100 units The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July...
Harrti Corporation has budgeted for the following sales: July August September October November December $448,000 $583,000 $616,500 $891,500 $ 745,000 $705,000 Sales are collected as follows: 10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. In Harrti's budgeted balance sheet at December 31, at what amoun will accounts receivable be shown?
TB MC Qu. 8-67 Tracle Corporation manufactures and sells women's ... Tracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 22 yards of cloth. Selected data from Tracie's master budget for next quarter are shown below: Budgeted sales (in units) Budgeted production (in units) July August September 8,000 10,000 12,000 9,000 11,500 14,000 Each unit requires 0.9 hours of direct labor, and the average hourly cost of Tracie's direct laboris $19. What is the cost of Tracle Corporation's...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in units Production in units January February March 16,200 22,400 19,200 19,200 20,200 18,700 One pound of material is required for each finished unit. The Inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be
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