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Palmgren Company produces consumer products. The sales budget for four months of the year is presented...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Unit Sales Dollar Sales July 32,500 $975,000 August 33,700 1,061,550 September 38,000 1,197,000 October 36,000 1,141,200 Company policy requires that ending inventories for each month be 25 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that pollcy Required: Prepare a production budget for the third quarter of the year. Show the number of units...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Unit Sales Dollar Sales July 31,000 $970,000 August 34,500 1,063,100 September 38,500 1,198,000 October 37,500 1,144,200 Company policy requires that ending inventories for each month be 25 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that policy Required: Prepare a production budget for the third quarter of the year. Show the number of units...
Managerial Accounting Benliver, Inc. manufactures and distributes a number or products to retailers. One of these...
Managerial Accounting
Benliver, Inc. manufactures and distributes a number or products to retailers. One of these products, Super Jetdry, requires two pounds of material R2D8 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter - July, August, and September. Peak sales of Super Jetdry occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. b. The finished goods...
Answer in excel Problems: 1. Benliver, Inc. manufactures and distributes a number or products to retailers....
Answer in excel
Problems: 1. Benliver, Inc. manufactures and distributes a number or products to retailers. One of these products. Super Jetdry, requires two pounds of material R2D8 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter - July August, and September. Peak sales of Super Jetdry occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. The...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October....
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below....
Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1,760 finished surfboards in inventory, which complies with the policy. July August September 4,400 7,100 2,500 Sales (in units) Prepare a production budget for the months of July and August. ATLANTIC SURF Production Budget July and...
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters...
Pearl Products Limited of Shenzhen, China, manufactures and
distributes toys throughout Southeast Asia. Three cubic centimeters
(cc) of solvent H300 are required to manufacture each unit of
Supermix, one of the company’s products. The company now is
planning raw materials needs for the third quarter, the quarter in
which peak sales of Supermix occur. To keep production and sales
moving smoothly, the company has the following inventory
requirements:
A. The finished goods inventory on hand at the end of each...
Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months...
Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months of the year are as follows: Unit Sales April 180,000 May 220,000 June 200,000 July 240,000 Company policy requires that ending inventories for each month be 25% of next month's sales. However, at the beginning of April, due to greater sales in March than anticipated, the beginning inventory of water pumps is only 21,000. Required: Prepare a production budget for the second quarter 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...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Unit Sales Dollar Sales July 32,500 $975,000 August 33,700 1,061,550 September 38,000 1,197,000 October 36,000 1,141,200 Company policy requires that ending inventories for each month be 25 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that pollcy Required: Prepare a production budget for the third quarter of the year. Show the number of units...
Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Unit Sales Dollar Sales July 31,000 $970,000 August 34,500 1,063,100 September 38,500 1,198,000 October 37,500 1,144,200 Company policy requires that ending inventories for each month be 25 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that policy Required: Prepare a production budget for the third quarter of the year. Show the number of units...
Managerial Accounting
Benliver, Inc. manufactures and distributes a number or products to retailers. One of these products, Super Jetdry, requires two pounds of material R2D8 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter - July, August, and September. Peak sales of Super Jetdry occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. b. The finished goods...
Answer in excel
Problems: 1. Benliver, Inc. manufactures and distributes a number or products to retailers. One of these products. Super Jetdry, requires two pounds of material R2D8 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter - July August, and September. Peak sales of Super Jetdry occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. The...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1,760 finished surfboards in inventory, which complies with the policy. July August September 4,400 7,100 2,500 Sales (in units) Prepare a production budget for the months of July and August. ATLANTIC SURF Production Budget July and...
Pearl Products Limited of Shenzhen, China, manufactures and
distributes toys throughout Southeast Asia. Three cubic centimeters
(cc) of solvent H300 are required to manufacture each unit of
Supermix, one of the company’s products. The company now is
planning raw materials needs for the third quarter, the quarter in
which peak sales of Supermix occur. To keep production and sales
moving smoothly, the company has the following inventory
requirements:
A. The finished goods inventory on hand at the end of each...
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...
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