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exam packet, itself, will NOT be graded. 20) The production budget shows expected unit sales of...
The production budget shows expected unit sales are 100,000. The required production units are 104,000. What...
The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning and desired ending finished goods units, respectively? Beginning Units Ending Units A. 6,000 10,000 B. 4,000 10,000 C. 10,000 4,000 D. 10,000 6,000
20-JST MUSL UUWW exam packet, itself, will NOT be graded. 6. A company requires $1,700,000 in...
20-JST MUSL UUWW exam packet, itself, will NOT be graded. 6. A company requires $1,700,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $300,000. What is the target net income? A) $510,000 B) $390,000 C) $700,000 D) $210,000
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200...
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016....
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
Cullumber Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production,...
Cullumber Company is preparing its master budget for 2020.
Relevant data pertaining to its sales, production, and direct
materials budgets are as follows.
Sales. Sales for the year are expected to total
2,000,000 units. Quarterly sales are 18%, 26%, 23%, and 33%,
respectively. The sales price is expected to be $38 per unit for
the first three quarters and $45 per unit beginning in the fourth
quarter. Sales in the first quarter of 2021 are expected to be 15%
higher...
On January 1, 2020, the Johnson Company budget committee has reached agreement on the following data...
On January 1, 2020, the Johnson Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales Units: First quarter 5,600; second quarter 6,400; third quarter 7,000 Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,440 Units The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to...
XYZ Corporation is preparing a master budget for 2018. Sales for the year are expected to...
XYZ Corporation is preparing a master budget for 2018. Sales for the year are expected to total 1,000,000 units. Quarterly sales in units are 20%,25%,30%, and 25% respectively. The sales price is expected to be $50 per unit for the first 3 quarters and $55 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2017. Cash collections from sales...
I filled in the Production Budget from the information given at the beginning and I think I did it correctly, but I'm c...
I filled in the Production Budget from the information given at
the beginning and I think I did it correctly, but I'm confused by
the Direct Materials information to input.
Learning Objective: Estimate materials requirements for production Madison Plastics makes specialized water lines for custom pools. They expect to sell 32,000 units in the next quarter. The beginning finished goods inventory balance is 8,000 units and the target ending finished goods inventory balance should be 3,500 for the quarter. There...
Monty Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000...
Monty Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Monty Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2016....
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,100 in quarter 2, 14,600 in quarter 3, and 18,300 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 A...
20-JST MUSL UUWW exam packet, itself, will NOT be graded. 6. A company requires $1,700,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $300,000. What is the target net income? A) $510,000 B) $390,000 C) $700,000 D) $210,000
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016....
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
Cullumber Company is preparing its master budget for 2020.
Relevant data pertaining to its sales, production, and direct
materials budgets are as follows.
Sales. Sales for the year are expected to total
2,000,000 units. Quarterly sales are 18%, 26%, 23%, and 33%,
respectively. The sales price is expected to be $38 per unit for
the first three quarters and $45 per unit beginning in the fourth
quarter. Sales in the first quarter of 2021 are expected to be 15%
higher...
I filled in the Production Budget from the information given at
the beginning and I think I did it correctly, but I'm confused by
the Direct Materials information to input.
Learning Objective: Estimate materials requirements for production Madison Plastics makes specialized water lines for custom pools. They expect to sell 32,000 units in the next quarter. The beginning finished goods inventory balance is 8,000 units and the target ending finished goods inventory balance should be 3,500 for the quarter. There...
Brief Exercise 9-3 Your answer is partially correct. Try again. Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,100 in quarter 2, 14,600 in quarter 3, and 18,300 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget For the Six Months Ending June 30, 2020 A...
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