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ABC Company's actual unit sales in the current year for January, February, and March was 16,700,...
ABC Company’s actual unit sales in the current year for January, February, and March was 15,400,...
ABC Company’s actual unit sales in the current year for January,
February, and March was 15,400, 12,400, and 18,400 units,
respectively. Current year selling price is $100. An analysis of
general economic trends and specific initiatives at ABC forecasts
increases for the coming budget year: sales volume by 10% and sales
price by 5%.
Prepare ABC Company’s budgeted unit sales and total sales volume
for the first quarter of the coming year.
ABC Company's actual unit sales in the current...
ABC Company's actual unit sales in the current year for January, February, and March was 15,700, 12,700, and 18,700 uni...
ABC Company's actual unit sales in the current year for January, February, and March was 15,700, 12,700, and 18,700 units, respectively. Current year selling price is $60. An analysis of general economic trends and specific initiatives at ABC forecasts increases for the coming budget year: sales volume by 10% and sales price by 5%. Required: Prepare ABC Company's budgeted unit sales and total sales volume for the first quarter of the coming year. January February March Total Current sales (units)...
ABC Company’s actual unit sales in the current year for January, February, and March was 16,200,...
ABC Company’s actual unit sales in the current year for January,
February, and March was 16,200, 13,200, and 19,200 units,
respectively. Current year selling price is $60. An analysis of
general economic trends and specific initiatives at ABC forecasts
increases for the coming budget year: sales volume by 10% and sales
price by 5%.
Required:
Prepare ABC Company’s budgeted unit sales and total sales volume
for the first quarter of the coming year.
January February March Total % Current sales...
the other two options are: $1,600 and $1,100. Canine Supply Company's budgeted sales for January, February,...
the other two options are: $1,600 and $1,100.
Canine Supply Company's budgeted sales for January, February, and March are $120,000, $160,000, and $140,000, respectively. Based on past experience, ABC expects that 25% of a month's sales will be collected in the month of sale, 65% in the following month, and 9% in the second month following the sale. Budgeted cash receipts for the month of March would be: Multiple Choice 0 $140,000. 0 $135,400. 0 $141,800. 0 $149,800. Month January...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
Projected sales in units for the coming 5 months follow: January 40,000 February 50,000 March 60,000...
Projected sales in units for the coming 5 months follow: January 40,000 February 50,000 March 60,000 April 60,000 May 62,000 Finished goods inventory on January 1 is 32,000 units, each costing $166.06. The desired ending inventory for each month is 80% of the next month's sales. The data on materials used are as follows: Direct Material Per-Unit Usage DM Unit Cost ($) Metal 10 lbs. 8 Components 6 5 Inventory policy dictates that sufficient materials be on hand at the...
ABC Company produces water pumps. The unit sales for the first four months of the year...
ABC Company produces water pumps. The unit sales for the first four months of the year for this product are as follows: Unit Sales: January 162,000 February 198,000 March 180,000 April 216,000 Company maintains ending inventory for each month at 25% of next month's sales. However, at the beginning of January, due to greater sales in December than anticipated, the beginning inventory for January is 18,900 Required: a) Compute the total number of units that should be produced for the...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
Project #2 Sales Projections in Units January February March April May 13.402 45,819 44,164 53,722 52,482...
Project #2 Sales Projections in Units January February March April May 13.402 45,819 44,164 53,722 52,482 Projected Sales Price/Unit $ 450.00 Monthly Projected Selling & Administrative Expenses Variable Cost/Unit $16.00 Fixed Costs $5,519 Production: Desired Ending Inventory Beginning Inventory (new business) 59.0% 0 64.6% Materials Desired Ending Inventory Number of Materials per Unit Projected Cost/Material Unit Beginning Inventory (new business) 11.0 $23.00 0 Direct Labor Time per Unit (in hours) Cost per Hour 1.00 $21.00 Manufacturing Overhead Variable Cost/Unit $5.00...
At LK Corporation, budgeted sales in units for January, February, and March are 15,000, 20,000, and...
At LK Corporation, budgeted sales in units for January, February, and March are 15,000, 20,000, and 18,000 units, respectively. If the selling price per unit is $5, what is expected sales revenue for March? Multiple Choice $75,000 $90,000 $100,000 $265,000
ABC Company’s actual unit sales in the current year for January,
February, and March was 15,400, 12,400, and 18,400 units,
respectively. Current year selling price is $100. An analysis of
general economic trends and specific initiatives at ABC forecasts
increases for the coming budget year: sales volume by 10% and sales
price by 5%.
Prepare ABC Company’s budgeted unit sales and total sales volume
for the first quarter of the coming year.
ABC Company's actual unit sales in the current...
ABC Company's actual unit sales in the current year for January, February, and March was 15,700, 12,700, and 18,700 units, respectively. Current year selling price is $60. An analysis of general economic trends and specific initiatives at ABC forecasts increases for the coming budget year: sales volume by 10% and sales price by 5%. Required: Prepare ABC Company's budgeted unit sales and total sales volume for the first quarter of the coming year. January February March Total Current sales (units)...
ABC Company’s actual unit sales in the current year for January,
February, and March was 16,200, 13,200, and 19,200 units,
respectively. Current year selling price is $60. An analysis of
general economic trends and specific initiatives at ABC forecasts
increases for the coming budget year: sales volume by 10% and sales
price by 5%.
Required:
Prepare ABC Company’s budgeted unit sales and total sales volume
for the first quarter of the coming year.
January February March Total % Current sales...
the other two options are: $1,600 and $1,100.
Canine Supply Company's budgeted sales for January, February, and March are $120,000, $160,000, and $140,000, respectively. Based on past experience, ABC expects that 25% of a month's sales will be collected in the month of sale, 65% in the following month, and 9% in the second month following the sale. Budgeted cash receipts for the month of March would be: Multiple Choice 0 $140,000. 0 $135,400. 0 $141,800. 0 $149,800. Month January...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
Project #2 Sales Projections in Units January February March April May 13.402 45,819 44,164 53,722 52,482 Projected Sales Price/Unit $ 450.00 Monthly Projected Selling & Administrative Expenses Variable Cost/Unit $16.00 Fixed Costs $5,519 Production: Desired Ending Inventory Beginning Inventory (new business) 59.0% 0 64.6% Materials Desired Ending Inventory Number of Materials per Unit Projected Cost/Material Unit Beginning Inventory (new business) 11.0 $23.00 0 Direct Labor Time per Unit (in hours) Cost per Hour 1.00 $21.00 Manufacturing Overhead Variable Cost/Unit $5.00...
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