Other pertinent information:
For the quarter ending September 30th provide answers for the following Questions:
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Projected unit sales: June sales 120,000, July sales 130,000, August 140,000, September 150,000 and October sales...
Projected unit sales: June sales 120,000, July sales 130,000, August 140,000, September 150,000 and October sales 170,000. Sales price per unit, $15.00 Units in ending inventory each month should equal 10% of next month sales. Raw material required per unit is 2 pounds; cost is $3.00 per lb. Ending inventory required at the end of each month is 5% of next month needs. Direct labor required to produce one units is .25 direct labor hour. The hourly rate is $10.00....
Projected unit sales: June sales 120,000, July sales 130,000, August 140,000, September 150,000 and October sales 170,000. Sales price per unit, $15.00 Units in ending inventory each month should equal 10% of next month sales. Raw material required per unit is 2 pounds; cost is $3.00 per lb. Ending inventory required at the end of each month is 5% of next month needs. Direct labor required to produce one units is .25 direct labor hour. The hourly rate is $10.00....
1. Projected unit sales: June sales 120,000, July sales 130,000, August 140,000, September 150,000 and October sales 170,000. 2. Sales price per unit, $15.00 3. Units in ending inventory each month should equal 10% of next month sales. 4. Raw material required per unit is 2 pounds; cost is $3.00 per lb. 5. Ending inventory required at the end of each month is 5% of next month needs. 6. Direct labor required to produce one units is .25 direct labor...
questions 8-15 The beginning cash balance and beginning accounts payable balance are at the beginning of the June month im assuming. I need a quarter totals from July to September. Settings Support View Tour Advanced Genre Vocabulary Plagiarism Enhancement Send to O About Proofreaders Issues Help Settings Premium 6 5 I I 4 I 1 2 I 3 1. Projected unit sales: June sales 120,000, July sales 130,000, August 140,000, September 150,000 and October sales 170,000. Sales price per unit,...
Selling price $75.00 June 8000 July 9000 August 10000 September 12000 Credit Sales Collected in the month of the sale 40% Following month 60% Ending finished goods inventory of the following month's unit sales 20% Ending raw materials inventory of the following month's raw materials production needs 10% Raw materials purchases are paid for in the month of purchase 30% Following month 70% Pounds of raw materials required for each unit of finished goods 5 Raw materials cost per pound...
Morganton Company makes one product and it provided the following information to help prepare the master budget:a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit.b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month.c. The ending finished goods inventory equals 20% of the following month’s unit sales.d. The...
Sales: Sales in Units (Masks) Selling Price per Mask JULY 222,000 7.75 AUGUST 290,000 SEPTEMBER 216,000 OCTOBER 165,000 NOVEMBER 197,000 $ Collections: Cash Collected in the Month of Sale Cash Collected in Following Month 70% 30% Finished Goods Inventory: Ending FG Inventory Requirement Beginning FG Inventory, July 1, 2020 20% of next month's unit sales 44,400 masks Raw Materials Inventory: Raw Materials Required per Mask Raw Materials Cost per Yard Ending RM Inventory Requirement Paid in Month of Purchase Paid...
X-Tel budgets sales of $60,000 for April, $120,000 for May, and $85,000 for June. In addition, sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. The April 1 balance in accounts receivable is $18,000. Prepare a schedule of budgeted cash receipts for April, May, and June May June X-TEL Cash Receipts Budget For April, May, and June April Sales Less: Ending accounts receivable Cash receipts from: Cash sales Collections of...
SalesUnit sales for November 2019114,000Unit sales for December 2019103,000Expected unit sales for January 2020114,000Expected unit sales for February 2020111,000Expected unit sales for March 2020116,000Expected unit sales for April 2020125,000Expected unit sales for May 2020136,000Unit selling price$12Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts...
ABC Company's budgeted sales for June, July, and August are 13,800, 17,800, and 15,400 units respectively. Each unit that ABC Company produces uses 4 pounds of raw material. ABC requires 35% of the next month's budgeted production as raw material inventory each month. ABC Company currently pays a standard rate of $1.4 per pound for raw materials. Each unit should be produced in 30 minutes of direct labor time at a standard direct labor rate of $11 per hour. Manufacturing...