Homework Answers
1) Sales budget
| 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Year | |
| Sales unit | 120000 | 128400 | 137388 | 147005 | 532793 |
| Selling price | 20 | 20 | 20 | 20 | 20 |
| Sales revenue | 2400000 | 2568000 | 2747760 | 2940100 | 10655860 |
2) Production budget
| 1st month | 2nd month | 3rd month | 4th month | |
| Sales | 3000 | 2000 | 2500 | 2700 |
| Add: desired ending inventory | 400 | 500 | 540 | 580 |
| Total | 3400 | 2500 | 3040 | 3280 |
| Less: Beginning inventory | -600 | -400 | -500 | -540 |
| Production units | 2800 | 2100 | 2540 | 2740 |
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DUE SOON, PLEASE
HELP!!!
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of $ 1,440,000 in January and 2,800 units for $ 195 each for a
total of $ 546,000 in February. The company expects cost of goods
sold to average 60% of sales revenue, and the company expects to
sell 5 c,000 units in March for $ 230 each. Arete's target ending
inventory is $ 20 comma 000 plus 60% of the next month's cost of
goods sold....
E10.18 Prepare quarterly sales budgets. Roche and Young, CPAS, are preparing their service revenue (sales) budget for 2020. Their practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are as follows: Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Auditing 2,200 1,600 2,000 2,400 3,000 2,500 Тах 2,400 2,000 Consulting 1,500 1,500 1,500 1,500 Average hourly billing rates are $60 for auditing, $70 for tax, and $80 for consulting services. Instructions...
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DUE SOON, PLEASE
HELP!!!
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target ending inventory is $ 11000 plus 40% of the next month's
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