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26. Delta Manufacturing has budgeted the following unit sales: 2016 Units April 25,000...
Herron Company has budgeted the following unit sales: 2019 Units April 25,000 May 50,000 June 75,000...
Herron Company has budgeted the following unit sales: 2019 Units April 25,000 May 50,000 June 75,000 July 45,000 Of the units budgeted, 40% are sold by the Southern Division at an average price of RM15 per unit and the remainder are sold by the Eastern Division at an average price of RM12 per unit. Instructions Prepare separate sales budgets for each division and for the company in total for the second quarter of 2019.
1. (6 points) Kroger Corporation had the following budget information related to the unit sales: 25,000 July August Sep...
1. (6 points) Kroger Corporation had the following budget information related to the unit sales: 25,000 July August September 53,000 21,000 34,000 October Of the units budgeted, the Electronics Division sells 60% at a price of $35 per unit and the remainder are sold by the Toy Division at a price of $20 per unit. INSTRUCTIONS Prepare separate sales budgets for each division and for the company in total for the third quarter of 2019. 2. (12 points) The following...
27. Benet Company has budgeted the following unit sales: 2016 2017 Quarter Quarter Units 90.000 Units...
27. Benet Company has budgeted the following unit sales: 2016 2017 Quarter Quarter Units 90.000 Units 105,000 60,000 75,000 120,000 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Instructions Prepare a production budget for 2016.
Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000...
Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000 1 90,000 2 60,000 3 75,000 4 120,000 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2016.
Coston Games, Inc. budgeted the sales of its newest game as follows: Unit Sales January...................25,000 February.................32,000...
Coston Games, Inc. budgeted the sales of its newest game as follows: Unit Sales January...................25,000 February.................32,000 March......................40,000 April.........................37,000 The desired ending inventory of games must equal 20% of the next month's sales. The inventory at the end of December was 4,000 units. Prepare a production budget for the first quarter by month and in total for the quarter.
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
Please show full calculations for each. Thanks! 1) ABC Company's budgeted sales are as follows: July...
Please show full calculations for each. Thanks! 1) ABC Company's budgeted sales are as follows: July = 3,000 units; August = 2,500 units. June ending inventory = 1,200 units. Budgeted ending inventory must equal 40% of next month's budgeted sales. Production budgeted for July would equal units = ? units ------ 2) ABC Company's budgeted production is as follows: January = 5,000 units; February = 8,000 units. Each unit produced requires 3 pounds of raw material. January beginning inventory...
Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month Unit Sales...
Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month Unit Sales June 30,000 July 40,000 August 20,000 September 30,000 October 40,000 November 30,000 There were 9,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 30% of the unit sales for the next month. Four pounds of materials are required for each unit produced. Each pound of material costs $10. Raw material...
1. (6 points) Kroger Corporation had the following budget information related to the unit sales: 25,000 July August September 53,000 21,000 34,000 October Of the units budgeted, the Electronics Division sells 60% at a price of $35 per unit and the remainder are sold by the Toy Division at a price of $20 per unit. INSTRUCTIONS Prepare separate sales budgets for each division and for the company in total for the third quarter of 2019. 2. (12 points) The following...
27. Benet Company has budgeted the following unit sales: 2016 2017 Quarter Quarter Units 90.000 Units 105,000 60,000 75,000 120,000 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Instructions Prepare a production budget for 2016.
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
1. Operating Budgets (50 points) Lubriderm Corporation has the following budgeted unit sales for the next six-month period: Month June July August September October November Unit Sales 90,000 120,000 210,000 150,000 180,000 120,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. Five pounds of materials are required for each unit produced. Each pound of...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
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