Homework Answers
Preparation of production budget by month and in total, for the second quarter :
| Down Under Products Ltd. | ||||
| Production Budget | ||||
| April | May | June | Quarter | |
| Sales ( in Units) | 74000 | 85000 | 114000 | 273000 |
| Add: Desired Closing Inventory (0.10*Next month's Sales) | 8500 | 11400 | 9200 | 9200 |
| Total Finished Goods Requirement | 82500 | 96400 | 123200 | 282200 |
| Less: Opening Inventory | 7400 | 8500 | 11400 | 7400 |
| Required Production (in Units) | 75100 | 87900 | 111800 | 274800 |
Please check with your answer and let me know.
Add Answer to:
1 Unit Sales April May 74,000 85,000 114,000 June July 92,000 The company is now in...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May Unit Sales 76,000 85,000 116,000 93,000 June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 11,400 units. Required: Prepare a production budget by...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cas...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June Unit Sales 74,000 85,000 114,000 92,000 July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 7,400 units. Required: Prepare a production budget by month...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 5...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 594 635 627 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 475 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Ruiz Co. provides the following sales forecast for the next four months. April May June July...
Ruiz Co. provides the following sales forecast for the next four
months.
April
May
June
July
Sales (units)
550
630
580
670
The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
Prepare a production budget for the months of April, May, and
June.
UINUATIV Wants to end each month with ending finished goods inventory equal to 209 goods inventory on...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May Sales in Units 72,000 85,000 112,000 91,000 June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following month's sales. The inventory at the end of March was 14,400 units. Required: Prepare a production budget for the...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows 1 Unit Sales 74,000 April Кay June 85,000 114,000 July 92,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 7,400 units. Required: Prepare a production budget...
Hospitable Co. provides the following sales forecast for the next four months: April May June July...
Hospitable Co. provides the following sales forecast for the
next four months:
April
May
June
July
Sales (units)
500
580
540
620
The company wants to end each month with ending finished goods
inventory equal to 25% of next month’s sales. Finished goods
inventory on April 1 is 190 units. Assume July’s budgeted
production is 540 units.
Prepare a production budget for the months of April, May, and
June.
HOSPITABLE CO. Production Budget For April, May, and June April Next...
Ruiz Co. provides the following sales forecast for the next four months. April May June July...
Ruiz Co. provides the following sales forecast for the next four months. April May June July Sales (units) 500 580 540 620 The company wants to end each month with ending finished goods inventory equal to 25% of next month’s forecasted sales. Finished goods inventory on April 1 is 190 units. Prepare a production budget for the months of April, May, and June.
Ruiz Co. provides the following sales forecast for the next four months. April May June July...
Ruiz Co. provides the following sales forecast for the next four months. April May June July Sales (units) 700 780 730 820 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 210 units. Prepare a production budget for the months of April, May, and June.
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May Unit Sales 76,000 85,000 116,000 93,000 June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 11,400 units. Required: Prepare a production budget by...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June Unit Sales 74,000 85,000 114,000 92,000 July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 7,400 units. Required: Prepare a production budget by month...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 594 635 627 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 475 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Ruiz Co. provides the following sales forecast for the next four
months.
April
May
June
July
Sales (units)
550
630
580
670
The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
Prepare a production budget for the months of April, May, and
June.
UINUATIV Wants to end each month with ending finished goods inventory equal to 209 goods inventory on...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May Sales in Units 72,000 85,000 112,000 91,000 June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following month's sales. The inventory at the end of March was 14,400 units. Required: Prepare a production budget for the...
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows 1 Unit Sales 74,000 April Кay June 85,000 114,000 July 92,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 10% of the following month's unit sales. The inventory at the end of March was 7,400 units. Required: Prepare a production budget...
Hospitable Co. provides the following sales forecast for the
next four months:
April
May
June
July
Sales (units)
500
580
540
620
The company wants to end each month with ending finished goods
inventory equal to 25% of next month’s sales. Finished goods
inventory on April 1 is 190 units. Assume July’s budgeted
production is 540 units.
Prepare a production budget for the months of April, May, and
June.
HOSPITABLE CO. Production Budget For April, May, and June April Next...
Most questions answered within 3 hours.
-
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 22 minutes ago -
Within your current/past organization, identify a problem/issue
and format a design to address same. You may...
asked 4 minutes ago -
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 1 hour ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 1 hour ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 1 hour ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 1 hour ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 1 hour ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 2 hours ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 2 hours ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 2 hours ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 2 hours ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 2 hours ago