Homework Answers
Solution:
Logical order of preparing budgets is as under:
(4) a sales budget
(1) a production budget
(2) direct materials usage budget
(3) direct materials purchase budget.
Hence "4-1-2-3" would depict the logical order.
Hence second option is correct.
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company is preparing its budget for 2019. the company has collected the following information from the managers. 1. sales: sales for November 2018 112,500 units sales for the December 2018 102,100 units Expected sales for January 2019 113,000 units Expected sales for February 2019 112,500 units Expected sales for March 2019 116,000 units Expected sales for April 2019 125,000 units Expected sales for May 2019 137,500 units Selling price unit $12 The company likes to keep 15% of next months...
XX Ltd is preparing its budget for 2019. The company has collected the following information from...
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I would like to cross check my answer to the following question which i did to enhance my understanding: Power Inc. is a manufacturing company. It manufactures 2 products, known as ‘A’ and ‘B’. The following information is given for the year 2019: - The standard direct materials and direct labor used for each product is as follows: ‘A’ ‘B’ Material 1 10 units 8 units Material 2 5 units 9 units Direct Labor 10 hours ...
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Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Quarter Units 20,360 25,210 Quarter 3 Units 35,460 30,430 Each unit requires 1.60 hours of direct labor. Prepare a direct labor budget for 2020. Wage rates are expected to be $15 for the first 2 quarters and $17 for quarters 3 and 4. (Round Direct labor time per unit answers to 2 decimal places, e.g. 52.50.) RODRIQUEZ, INC. Direct Labor...
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