Question

QUESTION 6 Homestyle Interiors sells a variety of home furnishings including sleeper sofas. At 31 March, the company had 400

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Details May
Sales units 1,400
Add: Ending inventory 3,000 * 2% 60
Total 1,460
Less: Beginning Inventory 1,400 * 2% (28)
To be produced 1,432

Hence, option 1,432 sofas is the correct answer.

Explanation:

Ending inventory = Maintain 2% inventory of next month's sales.

Add a comment
Know the answer?
Add Answer to:
QUESTION 6 Homestyle Interiors sells a variety of home furnishings including sleeper sofas. At 31 March,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Hi, please provide full explanations to this question. Thanks! Question) City Circle makes and sells specialty...

    Hi, please provide full explanations to this question. Thanks! Question) City Circle makes and sells specialty folding bikes. On 30 June, the company had 150 bikes in finished goods inventory. The company had 150 bikes in finished goods inventory. The company had 150 bikes in finished goods inventory. The company's policy is to maintain a bike inventory of 10 percent of the next month's sales. The company expects the following sales activity for the third quarter of the year: July...

  • Tillman Cycles manufactures chainless bicycles. On March​ 31, Tillman Cycles had 210 bikes in inventory. The...

    Tillman Cycles manufactures chainless bicycles. On March​ 31, Tillman Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20 % of the following​ month's expected sales. Tillman Cycles expects to sell the following number of bikes in each of next four​ months: LOADING... ​(Click the icon to view the​ data) April. . . . . . . . . . . . . . . . . . ....

  • 59-5 (similar to) Question Help Trader Cycles maractures chainless bicycles. On March 31, Trader Cycles had...

    59-5 (similar to) Question Help Trader Cycles maractures chainless bicycles. On March 31, Trader Cycles had 300 bikes in Inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales Trader Cycles expects to sell the following number of bikes in each of next four months Click the loon to view the data) Prepare a production budget for the second quarter with a column for each month and for...

  • Trainor Cycles manufactures chainless bicycles. On March 31, Trainor Cycles had 107 bikes in inventory. The...

    Trainor Cycles manufactures chainless bicycles. On March 31, Trainor Cycles had 107 bikes in inventory. The company has a policy that the ending inventory in any month must be 10% of the following month's expected sales. Trainor Cycles expects to sell the following number of bikes in each of next four months: E: (Click the icon to view the data) Prepare a production budget for the second quarter, with a column for each month and for the quarter. i Data...

  • Feathered Friends makes bac yard birdfeeders The company sells the birdfeeders to home improvemen...

    Use the information above to solve for Requirement 2: Feathered Friends makes bac yard birdfeeders The company sells the birdfeeders to home improvement stores The company would also like o maintain an ending stock of fished birdfeeders equal to 20% o the next month's for $13 per birdfeeder Each birdfeeder requires 2.0 board feet of wood, which the company obtains at a cost of $3sales. Sales data for the company is as follows: per board foot The company would like...

  • Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular...

    Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $66. Wesley expects the following unit sales: January February March April May 5,800 6,000 6,500 6,300 5,700 Wesley's ending finished goods inventory policy is 20 percent of the next month's sales. Suppose each handisaw takes approximately.75 hours to manufacture, and Wesley pays an average labor wage of $28 per hour. Each handisaw requires a...

  • Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular...

    Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $44. Wesley expects the following unit sales: January February March April May 2,000 2,200 2,700 2,500 1,900 Wesley's ending finished goods inventory policy is 30 percent of the next month's sales. Suppose each handisaw takes approximately 0.75 hours to manufacture, and Wesley pays an average labor wage of $18 per hour. Each handisaw requires...

  • I need help with question 1. Please show how you calculate the answers. Thanks Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless powe...

    I need help with question 1. Please show how you calculate the answers. Thanks Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Use the following information about this product line to complete the problem requirements. Each handisaw sells for $44. Wesley expects the following unit sales: January 2,000, February 2,200, March 2,700, April 2,500, May 1,900. Wesley's ending finished goods inventory policy is 30% of next...

  • PLEASE PLEASE I NEED ANSWER FOR BALANCE SHEET AS OF MARCH 31 Cash $4,650.00, Accounts receivable,...

    PLEASE PLEASE I NEED ANSWER FOR BALANCE SHEET AS OF MARCH 31 Cash $4,650.00, Accounts receivable, net $57,600.00, Inventory   $15,600.00; Property, plant, and equipment, net $121,500.00; Accounts payable   $42,800.00;   Capital stock $124,500.00; Retained earnings   $22,800.00 A:            Actual Sales in December were$72,000. Selling price per unit projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follow: January    $ 104,400    , February $...

  • PLEASE PLEASE I NEED ANSWER FOR BALANCE SHEET AS OF MARCH 31 Cash $4,650.00, Accounts receivable,...

    PLEASE PLEASE I NEED ANSWER FOR BALANCE SHEET AS OF MARCH 31 Cash $4,650.00, Accounts receivable, net $57,600.00, Inventory   $15,600.00; Property, plant, and equipment, net $121,500.00; Accounts payable   $42,800.00;   Capital stock $124,500.00; Retained earnings   $22,800.00 A:            Actual Sales in December were$72,000. Selling price per unit projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follow: January    $ 104,400    , February $...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT