Please answer all 3Homework Answers
Question -1
Answer : B = Purchase of Property, Plant and Equipment.
In Capital expenditure Budget we record purchase of capital asset and capital expenditure of capital asset.
Question -2
Answer : B = Sales Budget.
While preparing Direct material Budget, first we should prepare sales budget, then prepare production budget and finally then Direct material budget.
Question -3
Answer : C = It will be ending inventory of previous month.
Ending inventory of this month will become beginning inventory of next month, so beginning inventory of every month is ending inventory of previous month.
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Please answer all 3
What appears in a capital expenditure budget? A. Expected units of sales...
*Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198z of 10,700 units in...
*Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198z of 10,700 units in January, 12,400 units in February, and 13,500 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $5 per pound. Fuqua 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...
Trebblehorn Industries has adopted the following sales budget for the first 3 months of 2017. Month...
Trebblehorn Industries has adopted the following sales budget for the first 3 months of 2017. Month Units January 11,000 February 15,000 March 13,000 Management requires 30% of next month sales to be in ending inventory. Each unit requires 5 pounds of raw materials costing $3 per pound. Management wants to have a raw materials inventory at the end of the month equal to 35% of next month's production requirements. April's expected sales are 12,000 with a total of 13,500 required...
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....
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in...
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 1982 requires 3 pounds of materials, which cost $3 per pound. Fuqua 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...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $3 per pound. Fuqua 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...
Jupiter Company's budget for the coming year estimates monthly sales in units for the first five...
Jupiter Company's budget for the coming year estimates monthly sales in units for the first five months of the year as follows: April, 35,000; May, 38,000; June 40,000; July, 39,000; and August, 38,000. The ending inventory of finished units available for sale is to be maintained at 25% of the next month's estimated sales. On April 1, there were 12,000 units on hand. There is no work in process at the end of any month. Each unit of finished product...
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
Purple Co.'s production budget for Product X for the year ended December 31 is as follows: Product X Sales (in units) 6...
Purple Co.'s production budget for Product X for the year ended December 31 is as follows: Product X Sales (in units) 640,000 Plus desired ending inventory 85,000 Total 725,000 Less estimated beginning inventory, January 1 90,000 Total production 635,000 In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Material A Material B Material C 0.50 lb. per...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600 units in February, and units in March. Each unit of part 1987 requires 3 pounds of materials, which cost $4 per pound. Fuqua Company desires its ending raw materials inventory to 10% 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, 2019. Prepare a...
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...
*Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198z of 10,700 units in January, 12,400 units in February, and 13,500 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $5 per pound. Fuqua 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...
Trebblehorn Industries has adopted the following sales budget for the first 3 months of 2017. Month Units January 11,000 February 15,000 March 13,000 Management requires 30% of next month sales to be in ending inventory. Each unit requires 5 pounds of raw materials costing $3 per pound. Management wants to have a raw materials inventory at the end of the month equal to 35% of next month's production requirements. April's expected sales are 12,000 with a total of 13,500 required...
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....
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 1982 requires 3 pounds of materials, which cost $3 per pound. Fuqua 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...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $3 per pound. Fuqua 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...
Purple Co.'s production budget for Product X for the year ended December 31 is as follows: Product X Sales (in units) 640,000 Plus desired ending inventory 85,000 Total 725,000 Less estimated beginning inventory, January 1 90,000 Total production 635,000 In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Material A Material B Material C 0.50 lb. per...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600 units in February, and units in March. Each unit of part 1987 requires 3 pounds of materials, which cost $4 per pound. Fuqua Company desires its ending raw materials inventory to 10% 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, 2019. Prepare a...
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...
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