Homework Answers
| April | May | June | Total Cash receipts | |
| Cash sales | 39725 | 41405 | 44695 | 125825 |
| March sales | 24752 | 24752 | ||
| April sales | 50167 | 23608 | 73775 | |
| May sales | 52289 | 24606 | 76895 | |
| June sales | 56443 | 56443 | ||
| Totals | 114644 | 117302 | 125744 | 357690 |
| Accounts Receivable balance | 26562 | =127700*65%*32% | ||
| Workings: | ||||
| April | May | June | ||
| Cash sales | =113500*35% | =118300*35% | =127700*35% | |
| March sales | =119000*65%*32% | |||
| April sales | =113500*65%*68% | =113500*65%*32% | ||
| May sales | =118300*65%*68% | =118300*65%*32% | ||
| June sales | =127700*65%*68% |
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edugen.wileyplus.com Return to Blackboard s S Davis, Managerial Accounting, Je Help System Announcements CALCULATOR PRINTER VERSION...
Exercise 5-22 Swifty/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for...
Exercise 5-22 Swifty/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Swifty/Neff collects cash at the time of sale from 39% of customers. Of the remaining sales, 63% are collected in the month of sale and 37% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: May June January $129,000 Budgeted sales February $117,800 March $118,200 April $112,900 $118,300 $126,300 Prepare...
NU Return to Blackboard Is Us Weygandt, Managerial Accounting, se Help System Announcements Exercise 185 Casa...
NU Return to Blackboard Is Us Weygandt, Managerial Accounting, se Help System Announcements Exercise 185 Casa Development, Inc. has budgeted sales revenues as follows: January February March Budgeted Sales Revenues $55,000 75,000 90,000 80,000 60,000 35.000 April May June Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% following the sale, and in the second month following the sale. The other 5% is uncollectible. Prepare a...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BA...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BACK NEXT January February March April Budgeted production (units) 10,000 8,000 9,000 12,000 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 120 % of the next month's production needs, plus an additional 500 pounds.. January's beginning inventory requirements equal 120 % of the current month's production needs, plus an additional 500 pounds. Prepare the direct materials purchases budget...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. RCES ORK $325 195 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 35 60 $645 tudy. Annual fixed overhead...
managerial cost accounting, please help .. thank you Garden Sales, Inc., sells garden supplies. Management is...
managerial cost accounting, please help .. thank you
Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 620,000 $ 810,000...
please help HVV - Davis, Managerial Accounting, 3e Helal System Announcements PRINTER VERSION BACK Exercise 5-7...
please help
HVV - Davis, Managerial Accounting, 3e Helal System Announcements PRINTER VERSION BACK Exercise 5-7 Coronado and Company makes and sells high-quality glare ters for computer monitors, John Stanford, controller is responsible for preparing Coronado's master budget. He has received the following sales forecast for the coming year from the sales manager January 38,100 S98 February 23,900 598 March 24,200 Forecasted unit sales Sales price per unit April 26,700 Prepare Coronado's sales budget for the first quarter February March...
Return to Blackboard Is Davis, Managerial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION...
Return to Blackboard Is Davis, Managerial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Practice Exercise 02 (Part Level Submission) Puzzle Jigs manufactures custom jigsaw puzzles by turning a customer's 12 x 15 photograph into a 310-piece puzzle. The following information has been provided by various units within the company. Each photograph is mounted onto a 17 x 21 piece of cardboard using 2 ounce of adhesive. The company buys the cardboard in bundles of 510 pieces for...
Return to Blackboard LO LUS Davis, Managerial Accounting, Je Hell System Announcements CALCULATOR Exercise 3-24 According...
Return to Blackboard LO LUS Davis, Managerial Accounting, Je Hell System Announcements CALCULATOR Exercise 3-24 According to a March 3, 2012, Times.com artide, Apple enjoyed a 51% gross margin on itsPad 2 when it was first released in March 2011 Given that the Pad 2 sold for $628.00, what was the cost to make it, assuming the 51 gross margin (Round answer to 2 decimal places . . .) Cost In March 2012. the second year of production, the cost...
Vaughn Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the...
Vaughn Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firm's marketing director, has completed the following sales forecast. Month January February March April May June Sales $908,300 $1,005,800 $908,300 $1,153,500 $1,252,100 $1,409,900 Month July August September October November December Sales $1,504,200 $1,504,200 $1,606,500 $1,606,500 $1,504,200 $1,707,200 Phillip Smith, an accountant in the Planning and Budgeting Department, is responsible for preparing the cash flow projection. He has gathered the...
Crane Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the...
Crane Products, a rapidly
growing distributor of home gardening equipment, is formulating its
plans for the coming year. Carol Jones, the firm’s marketing
director, has completed the following sales forecast.
Crane Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firm's marketing director, has completed following sales forecast. Month January February March April May June Sales $903,800 $1,001,200 $903,800 $1,150,300 $1,252,100 $1,407,500 Month July August September October November December...
Exercise 5-22 Swifty/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Swifty/Neff collects cash at the time of sale from 39% of customers. Of the remaining sales, 63% are collected in the month of sale and 37% are collected in the month following the sale. The sales budget for the first six months of the year is as follows: May June January $129,000 Budgeted sales February $117,800 March $118,200 April $112,900 $118,300 $126,300 Prepare...
NU Return to Blackboard Is Us Weygandt, Managerial Accounting, se Help System Announcements Exercise 185 Casa Development, Inc. has budgeted sales revenues as follows: January February March Budgeted Sales Revenues $55,000 75,000 90,000 80,000 60,000 35.000 April May June Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% following the sale, and in the second month following the sale. The other 5% is uncollectible. Prepare a...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BACK NEXT January February March April Budgeted production (units) 10,000 8,000 9,000 12,000 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 120 % of the next month's production needs, plus an additional 500 pounds.. January's beginning inventory requirements equal 120 % of the current month's production needs, plus an additional 500 pounds. Prepare the direct materials purchases budget...
Return to Blackboard Davis, Managerial Accounting, 3e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Vaughn manufactures aluminum canoes. In planning for the coming year, CFO Alexis King is considering three different sales targets: 2,500 canoes, 3,000 canoes, and 3,500 canoes. Canoes sell for $809 each. The standard variable cost information for a canoe is as follows. RCES ORK $325 195 Direct materials Direct labor Variable overhead Utilities Indirect material Indirect labor Total 35 60 $645 tudy. Annual fixed overhead...
managerial cost accounting, please help .. thank you
Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April May June July $ 620,000 $ 810,000...
please help
HVV - Davis, Managerial Accounting, 3e Helal System Announcements PRINTER VERSION BACK Exercise 5-7 Coronado and Company makes and sells high-quality glare ters for computer monitors, John Stanford, controller is responsible for preparing Coronado's master budget. He has received the following sales forecast for the coming year from the sales manager January 38,100 S98 February 23,900 598 March 24,200 Forecasted unit sales Sales price per unit April 26,700 Prepare Coronado's sales budget for the first quarter February March...
Return to Blackboard Is Davis, Managerial Accounting, se Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Practice Exercise 02 (Part Level Submission) Puzzle Jigs manufactures custom jigsaw puzzles by turning a customer's 12 x 15 photograph into a 310-piece puzzle. The following information has been provided by various units within the company. Each photograph is mounted onto a 17 x 21 piece of cardboard using 2 ounce of adhesive. The company buys the cardboard in bundles of 510 pieces for...
Return to Blackboard LO LUS Davis, Managerial Accounting, Je Hell System Announcements CALCULATOR Exercise 3-24 According to a March 3, 2012, Times.com artide, Apple enjoyed a 51% gross margin on itsPad 2 when it was first released in March 2011 Given that the Pad 2 sold for $628.00, what was the cost to make it, assuming the 51 gross margin (Round answer to 2 decimal places . . .) Cost In March 2012. the second year of production, the cost...
Vaughn Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firm's marketing director, has completed the following sales forecast. Month January February March April May June Sales $908,300 $1,005,800 $908,300 $1,153,500 $1,252,100 $1,409,900 Month July August September October November December Sales $1,504,200 $1,504,200 $1,606,500 $1,606,500 $1,504,200 $1,707,200 Phillip Smith, an accountant in the Planning and Budgeting Department, is responsible for preparing the cash flow projection. He has gathered the...
Crane Products, a rapidly
growing distributor of home gardening equipment, is formulating its
plans for the coming year. Carol Jones, the firm’s marketing
director, has completed the following sales forecast.
Crane Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Carol Jones, the firm's marketing director, has completed following sales forecast. Month January February March April May June Sales $903,800 $1,001,200 $903,800 $1,150,300 $1,252,100 $1,407,500 Month July August September October November December...
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