Homework Answers
11.
| Base sale amount | X Multiplier for sales increase | = Projected sales for the quarter | |
| Quarter 1 | = $ 10,000.00 | ||
| Quarter 2 | $ 10,000.00 | x 1.05 | = $ 10,500.00 |
| Quarter 3 | $ 10,500.00 | x 1.05 | = $ 11,025.00 |
| Quarter 4 | $ 11,025.00 | x 1.05 | = $ 11,576.25 |
| Total | = $ 43,101.25 |
12.
| Expected units to be sold in 2018 | 1500 |
| Plus : Desired ending inventory (1800*10%) | 180 |
| Total XCs needed | 1680 |
| Less: Beginning Finished good inventory | 350 |
| Budgeted XCs to be produced | 1330 |
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part 11
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part 11
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sheet for December 31, 2018, follows:
Other data for Gerard Tire Company:
Budgeted sales are 1,500 tires for the first quarter and
expected to increase by 200 tires per quarter. Cash sales are
expected to be 10% of total sales, with the remaining 90% of sales
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The Giseppe Tire Company manufactures racing tires for bicycles.
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follows
Requirements:
1.Prepare Giseppe'operating budget and cash budget for 2019 by
quarter. Required schedules and budgets include: sales budget,
production budget, direct materials budget, direct labor budget,
manufacturing overhead budget, cost of goods sold budget, selling
and administrative expense budget, schedule of cash receipts,
schedule of cash payments, and...
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