Homework Answers
AM972 Purchase budget
| 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Year | |
| Production Units | 5030 | 7910 | 9000 | 13260 | 35200 |
| Material needed per unit | 145 | 145 | 145 | 145 | 145 |
| Material needed for production | 729350 | 1146950 | 1305000 | 1922700 | 5104000 |
| Add: Desired ending inventory | 229390 | 261000 | 384540 | 176030 | 176030 |
| Total | 958740 | 1407950 | 1689540 | 2098730 | 5280030 |
| Less: Beginning inventory | -80000 | -229390 | -261000 | -384540 | -80000 |
| Required purchase | 878740 | 1178560 | 1428540 | 1714190 | 5200030 |
| Cost per ounce | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Purchase cost | 131811 | 176784 | 214281 | 257129 | 780005 |
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CALCULATOR PRINTER VERSION BACK NEXT SOURCES Exercise 5-14 Marigold Chemicals has developed a new window cleaner...
Exercise 5-14 Mackenzie Chemicals has developed a new window cleaner that requires two ingredients, AM972 and...
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Waterway Furniture builds
high-end hand-made dining tables. Attacus Simmons, the company’s
owner, has developed the following sales forecast for 2018.
Because of the time needed to create each table, Waterway
maintains an ending Finished Goods Inventory of 20% of the
following quarter’s budgeted sales. Waterway has been following
this inventory policy for several years. The company ended 2017
with 509 tables on hand.
The standard cost card for a table is as follows:
Because of the time needed to create...
Exercise 8-14 Sales and Production Budgets (LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted...
Exercise 8-14 Sales and Production Budgets (LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 11,200 12,200 3rd Quarter 4th Quarter 14,200 13,200 Budgeted unit sales The selling price of the company's product is $11 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of...
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CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-13 Concord Auto has developed the following production plan for its new auto part, January 11,430 February March 8,880 9,300 April 13,700 Budgeted production (units) Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 125% of the next month's production needs, plus an additional 598 pounds. January's beginning inventory requirements equal 125% of the current month's production needs, plus an additional 598 pounds Prepare the direct materials purchases...
Exercise 8-14 Sales and Production Budgets [LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 12,688 1 3, 15.500 14.5ee The selling price of the company's product is $25 per unit Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5%...
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Waterway Furniture builds
high-end hand-made dining tables. Attacus Simmons, the company’s
owner, has developed the following sales forecast for 2018.
Because of the time needed to create each table, Waterway
maintains an ending Finished Goods Inventory of 20% of the
following quarter’s budgeted sales. Waterway has been following
this inventory policy for several years. The company ended 2017
with 509 tables on hand.
The standard cost card for a table is as follows:
Because of the time needed to create...
Exercise 8-14 Sales and Production Budgets (LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 11,200 12,200 3rd Quarter 4th Quarter 14,200 13,200 Budgeted unit sales The selling price of the company's product is $11 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of...
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Exercise 8-14 (Algo) Sales and Production Budgets (LO8-2, LO8-3) The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) 2nd Quarter 3rd Quarter 1st Quarter 12,400 4th Quarter 14.40 Budgeted unit sales The selling price of the company's product is $23 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales...
Exercise 8-14 Sales and Production Budgets [L08-2, LO8-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 13, 600 Budgeted unit sales 12,600 15, 600 14,600 The selling price of the company's product is $25 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and...
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