Homework Answers
| Production budget | 75000 |
| Add: Decrease in Inventory | 4000 |
| Sales budget in units | 79000 |
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Sunset Motors, Inc., makes small motors for appliances and other uses. The company develops plans using...
Offenbach & Son has just made its sales forecasts and its marketing department estimates that the...
Offenbach & Son has just made its sales forecasts and its marketing department estimates that the company will sell 216,600 units during the coming year. In the past, management has maintained inventories of finished goods at approximately one month’s sales. The inventory at the start of the budget period is 14,500 units. Sales occur evenly throughout the year. Required: Estimate the production level required for the coming year to meet these objectives. (Do not round intermediate calculations.) Sunset Motors, Inc.,...
Culver, Inc. manufacturers motors used in electric toothbrushes and other small appliances. Culver's fixed overhead rate...
Culver, Inc. manufacturers motors used in electric toothbrushes and other small appliances. Culver's fixed overhead rate is $7.60 and the company budgeted 165,000 direct labor hours for the year. During the year Culver produced 320,000 motors and used 164,000 direct labor hours.Culver's fixed overhead spending variance was $3,500 unfavorable for the year. What was Culver's actual fixed overhead for the year? A. $1,250,000 B. $1,257,000 C. $1,246,000 D. $1,249,000 (Answer C is incorrect, also show all steps involved in the...
Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that...
Cash Flows and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company’s financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively...
Cash Flow and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that...
Cash Flow and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively...
Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per...
Finch Corporation is a manufacturing company that makes small electric motors it sells for $48 per unit. The variable costs of production are $28 per motor, and annual fixed costs of production are $310,000. Required How many units of product must Finch make and sell to break even? How many units of product must Finch make and sell to earn a $70,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $47 per...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per...
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. The variable costs of production are $25 per motor, and annual fixed costs of production are $528,000. Required How many units of product must Zachary make and sell to break even? How many units of product must Zachary make and sell to earn a $72,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $45 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per unit. The variable costs of production are $20 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Franklin make and sell to break even? b. How many units of product must Franklin make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects...
Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January 41,000 February 38,000 March 50,000 April 51,000 Patrick's policy is to have 20% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,700 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should be produced each month...
Cash Flow and Financial Statements at Sunset Boards, Inc. Sunset Boards is a small company that manufactures and sells surfboards in Malibu. Tad Marks, the founder of the company, is in charge of the design and sale of the surfboards, but his background is in surfing, not business. As a result, the company's financial records are not well maintained. The initial investment in Sunset Boards was provided by Tad and his friends and family. Because the initial investment was relatively...
Baird Corporation is a manufacturing company that makes small electric motors it sells for $50 per unit. The variable costs of production are $30 per motor, and annual fixed costs of production are $360,000. Required a. How many units of product must Baird make and sell to break even? b. How many units of product must Baird make and sell to earn a $60,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Franklin Corporation is a manufacturing company that makes small electric motors it sells for $38 per unit. The variable costs of production are $20 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Franklin make and sell to break even? b. How many units of product must Franklin make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual fixed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? b. How many units of product must Stuart make and sell to earn a $72,000 profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced...
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