Solution
Hill Industries | ||
Production Budget | ||
For the year ended December 31, 2017 | ||
Plan A | Plan B | |
Units to be Sold | 774000 | 967000 |
Add: Budgeted Ending Inventory | 38700* | 60000 |
Total Units Required | 812700 | 1027000 |
Less: Beginning Inventory | 43000 | 43000 |
Units to be Produced | 769700 | 984000 |
*774000 x 5%
Problem 21-3A (Part Level Submission) Hill Industries had sales in 2016 of $6,880,000 and gross profit...
Problem 21-3A (Part Level Submission) Hill Industries had sales in 2016 of $6,880,000 and gross profit of $1,192,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 107,000 units. At...
Problem 21-3A (Part Level Submission) Hill Industries had sales in 2016 of $7,120,000 and gross profit of $1,274,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 104,000 units. At...
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Sheffield Industries had sales in 2016 of $6,880,000 and gross profit of $1,106,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 102,000 units. At the end of 2016, Sheffield...
CALCULATOR PRINTER VERSION BACK NE Problem 21-3A (Part Level Submission) Hill Industries had sales in 2016 of $6,800,000 and gross profit of $1,100,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would...
Sheffield Industries had sales in 2016 of $6,880,000 and gross profit of $1,106,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 102,000 units. At the end of 2016, Sheffield...
Sheffield Industries had sales in 2016 of $6,880,000 and gross profit of $1,106,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 102,000 units. At the end of 2016, Sheffield...
Problem 23-3A (Part Level Submission) Hill Industries had sales in 2016 of $ 6,800,000 and gross profit of $ 1,100,000 . Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $ 8.00 to $ 8.40 . Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $ 0.50 . The marketing department expects that the...
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