Homework Answers
| Quarter | increase | sale in unit |
| First quarter | 11,000 | |
| Second quarter | 6% increase over first quarter | 11,660 |
| Third quarter | 5% decrease from second quarter | 11,077 |
| Fourth quarter | 9% increase over first quarter | 11,990 |
| Total sale for the next year | 45,720 |
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Overton Industries has the following sales forecasts for its hip waders next year: First Quarter 11,000...
Able Industries sales budget shows quarterly sales for the next year as follows: Quarter 1-11,000; Quarter...
Able Industries sales budget shows quarterly sales for the next year as follows: Quarter 1-11,000; Quarter 2-9,000; Quarter 3-13,000; Quarter 4-15,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 10% of the next quarter's sales. Budgeted production for the second quarter of next year would be: O 1. 9,400 units 2. 8,500 units 3. 10,300 units 4. 13,000 units O
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will...
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will increase by 19000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at 228000 232750 289750...
answere 12 to 13 12) Superior Industries' sales budget shows quarterly sales for the next year...
answere 12 to 13
12) Superior Industries' sales budget shows quarterly sales for the next year as follows: Quarter Sales (Units) First 10,000 Second 8,000 Third 12.000 Fourth 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter? a) 7,200 units. b) 8.000 units. c) 8,400 units. d) 8,800 units. 13) The Tobler Company has budgeted...
Leaf Industries is preparing its master budget for 2016. Relevant data pertaining to its sales budget...
Leaf Industries is preparing its master budget for 2016. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected to total 8,000,000 units. Quarterly sales 25,30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be Increased to $2.20 per unit in the second quarter Prepare a sales budget for 2016 for Leaf Industries (Roundunit selling price te 2 decimal places . 52.75.)...
B- AAA Company has estimated the following for the year 2019 for one of its products....
B- AAA Company has estimated the following for the year 2019 for one of its products. C) Sales Estimations First Second Third Fourth Quarter Quarter Quarter Quarter Expected Sales (Units) 1,000 1,100 1,200 1,300 Selling Price $ 25 $ 25 $ 25 $ 25 (ii) Inventory estimations Beginning inventory for first quarter: 200 units • The company desires to have an ending inventory each quarter equal to 30% of the next quarter's sales. • The first quarter's sales for the...
R Company, a retailer, has budgeted sales for the next year as follows: first quarter, 60,000...
R Company, a retailer, has budgeted sales for the next year as follows: first quarter, 60,000 units; second quarter 80,000 units. The inventory in hand at the beginning of quarter is 15,000 units. The desired ending inventory for a quarter is 25% of the next quarter's sales. Calculate the budgeted inventory purchases for the first quarter. a) 80,000 units b) 60,000 units c) 65,000 units d) 55,000 units
Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter...
Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter First Second Third 100,000 120,000 140,000 160,000 520,000 Fourth Total Inventory on December 31 of the current year (that is, at the beginning of the coming year) is expected to be 10,000 units. The quantity of finished goods inventory at the end of each quarter was to equal ten percent of the next quarter's budgeted units to be sold. Required: Calculate the units to...
The following quarterly information is available for Tons Mined Quarter Tons Mined Utility Cost Year 1-First 15,000 50,000 Year 1-Second 11,000 45,000 Year 1--Third 21,000 60,000 Year 1--Fourth 12,...
The following quarterly information is available for Tons Mined Quarter Tons Mined Utility Cost Year 1-First 15,000 50,000 Year 1-Second 11,000 45,000 Year 1--Third 21,000 60,000 Year 1--Fourth 12,000 75,000 Year 2-First 18,000 100,000 Year 2-Second 25,000 105,000 Year 2--Third 30,000 $85,000 Year 2--Fourth 28,000 120,000 The following quarterly information is available for Direct Labor Hours Quarter DLH's Utility Cost Year 1-First 5,000 50,000 Year 1-Second 3,000 S 45,000 Year 1--Third 4,000 $ 60,000 Year 1--Fourth 6,000 75,000 Year 2-First...
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth 46,000...
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth 46,000 86, 000 96,000 76,000 Production in units Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 20% of the next quarter's production needs for material A. A total of 36,000 pounds of material A are on hand to start the...
jergens has budgeted sales for the first quarter of the next year to be 100,000 units....
jergens has budgeted sales for the first quarter of the next year to be 100,000 units. the inventory in hand at the beginning of the quarter is 30,000 units. the desired ending inventory is 16,000 units. calculate the budgeted production for the first quarter.
Able Industries sales budget shows quarterly sales for the next year as follows: Quarter 1-11,000; Quarter 2-9,000; Quarter 3-13,000; Quarter 4-15,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 10% of the next quarter's sales. Budgeted production for the second quarter of next year would be: O 1. 9,400 units 2. 8,500 units 3. 10,300 units 4. 13,000 units O
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will increase by 19000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at 228000 232750 289750...
answere 12 to 13
12) Superior Industries' sales budget shows quarterly sales for the next year as follows: Quarter Sales (Units) First 10,000 Second 8,000 Third 12.000 Fourth 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter? a) 7,200 units. b) 8.000 units. c) 8,400 units. d) 8,800 units. 13) The Tobler Company has budgeted...
Leaf Industries is preparing its master budget for 2016. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected to total 8,000,000 units. Quarterly sales 25,30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be Increased to $2.20 per unit in the second quarter Prepare a sales budget for 2016 for Leaf Industries (Roundunit selling price te 2 decimal places . 52.75.)...
B- AAA Company has estimated the following for the year 2019 for one of its products. C) Sales Estimations First Second Third Fourth Quarter Quarter Quarter Quarter Expected Sales (Units) 1,000 1,100 1,200 1,300 Selling Price $ 25 $ 25 $ 25 $ 25 (ii) Inventory estimations Beginning inventory for first quarter: 200 units • The company desires to have an ending inventory each quarter equal to 30% of the next quarter's sales. • The first quarter's sales for the...
R Company, a retailer, has budgeted sales for the next year as follows: first quarter, 60,000 units; second quarter 80,000 units. The inventory in hand at the beginning of quarter is 15,000 units. The desired ending inventory for a quarter is 25% of the next quarter's sales. Calculate the budgeted inventory purchases for the first quarter. a) 80,000 units b) 60,000 units c) 65,000 units d) 55,000 units
Lighting Inc.'s sales budget showed the following projections, by quarter, for the coming year: Units Quarter First Second Third 100,000 120,000 140,000 160,000 520,000 Fourth Total Inventory on December 31 of the current year (that is, at the beginning of the coming year) is expected to be 10,000 units. The quantity of finished goods inventory at the end of each quarter was to equal ten percent of the next quarter's budgeted units to be sold. Required: Calculate the units to...
The following quarterly information is available for Tons Mined Quarter Tons Mined Utility Cost Year 1-First 15,000 50,000 Year 1-Second 11,000 45,000 Year 1--Third 21,000 60,000 Year 1--Fourth 12,000 75,000 Year 2-First 18,000 100,000 Year 2-Second 25,000 105,000 Year 2--Third 30,000 $85,000 Year 2--Fourth 28,000 120,000 The following quarterly information is available for Direct Labor Hours Quarter DLH's Utility Cost Year 1-First 5,000 50,000 Year 1-Second 3,000 S 45,000 Year 1--Third 4,000 $ 60,000 Year 1--Fourth 6,000 75,000 Year 2-First...
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth 46,000 86, 000 96,000 76,000 Production in units Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 20% of the next quarter's production needs for material A. A total of 36,000 pounds of material A are on hand to start the...
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