Solution:
Ham Inc. | |||||
General and administrative expenses Budget | |||||
For the year ended Dec 31, 2018 | |||||
First Qtr. | Second Qtr. | Third Qtr. | Fourth Qtr. | Total | |
Administrative salaries | $22,000.00 | $22,000.00 | $22,000.00 | $22,000.00 | $88,000.00 |
Rent expense | $13,000.00 | $13,000.00 | $13,000.00 | $13,000.00 | $52,000.00 |
Insurance expense | $10,000.00 | $10,000.00 | $10,000.00 | $10,000.00 | $40,000.00 |
Depreciation expense | $10,000.00 | $10,000.00 | $10,000.00 | $10,000.00 | $40,000.00 |
Total budgted general and administrative expenses | $55,000.00 | $55,000.00 | $55,000.00 | $55,000.00 | $220,000.00 |
DUE SOON, PLEASE HELP Sales for the final quarter of the prior year total 800 units....
DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
DUE SOON, PLEASE HELP!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. Sales for the final quarter of the prior year total 300 units. Expected sales (in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of the...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 300 units. Expected sales in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of...
Mauti Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. Sales for the final quarter of the prior year total 1,800 units. Expected sales (in units) for the current year are: 1,620 (Quarter 1), 1,080 (Quarter 2), 1,440 (Quarter 3), and 1,440 (Quarter 4) Sales for the first quarter of the following year total 2,160 units. The selling price is $510 per unit in the first three quarters of the...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. Sales for the final quarter of the prior year total 300 units. Expected sales (in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of the...
need help thank you Collins Inc. has gathered the following budgeting information for next year and has asked you to prepar their master budget. Sales for the final quarter of the prior year total 1,400 units. Expected sales (in units) for the current year are: 1,260 (Quarter 1), 840 (Quarter 2), 1,120 (Quarter 3), and 1120 (Quarter 4). Sales for the first quarter of the following year total 1,680 units. The selling price is $470 per unit in the first...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 300 units. Expected sales in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of...
Robinson Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 2,500 units. Expected sales (in units) for the current year are: 2,250 (Quarter 1), 1,500 (Quarter 2), 2,000 (Quarter 3), and 2,000 (Quarter 4). Sales for the first quarter of the following year total 3,000 units. The selling price is $580 per unit in the first three quarters of the year,...