Homework Answers
| April | May | June | Total | ||
| Unit sales | 1070 | 1140 | 1300 | 3510 | |
| Add: | Desired ending inventory | 114 | 130 | 124 | 368 |
| Total needed | 1184 | 1270 | 1424 | 3878 | |
| Less: | Beginning inventory | 107 | 114 | 130 | 351 |
| Production required | 1077 | 1156 | 1294 | 3527 |
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Trainor Cycles manufactures chainless bicycles. On March 31, Trainor Cycles had 107 bikes in inventory. The...
Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The...
Tillman Cycles manufactures chainless bicycles. On March 31, Tillman Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20 % of the following month's expected sales. Tillman Cycles expects to sell the following number of bikes in each of next four months: LOADING... (Click the icon to view the data) April. . . . . . . . . . . . . . . . . . ....
59-5 (similar to) Question Help Trader Cycles maractures chainless bicycles. On March 31, Trader Cycles had...
59-5 (similar to) Question Help Trader Cycles maractures chainless bicycles. On March 31, Trader Cycles had 300 bikes in Inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales Trader Cycles expects to sell the following number of bikes in each of next four months Click the loon to view the data) Prepare a production budget for the second quarter with a column for each month and for...
1 of 12 (2 complete) HW Score: 5.74%, 1.44 of 25 pts Score: 0 of 1...
1 of 12 (2 complete) HW Score: 5.74%, 1.44 of 25 pts Score: 0 of 1 pt X 59-5 (similar to) Question Help Trapper Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Trapper Cycles expects to sell the following number of bikes in each of next four months: E: (Click the icon to...
A merchandising firm by the name of Star Wars Enterprises, had an inventory of 42,000 units on March 31, and it had accounts receivable totaling $83,500. Sales, in units, have been budgeted as follows...
A merchandising firm by the name of Star Wars Enterprises, had an inventory of 42,000 units on March 31, and it had accounts receivable totaling $83,500. Sales, in units, have been budgeted as follows for the next four months: April 55,000 May 65,000 June 81,000 July 79,000 To be enforced in April, Star Wars board of directors has established a policy that states that the inventory at the end of each month should contain 35% of the units required for...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 51,000 483, 600 94,100 443,520 1,072,220 622,000 (161,000) 461,000 $1,533, 220 $ 211,400 23,000 234,400 515,000 749,400 346,000 437,820 783,820 $1,533,220 To prepare a...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June. The company wants to end each month with ending finished goods inventory equal to 20% of next...
Ruiz Co. provides the following sales forecast for the next four months. April May June July...
Ruiz Co. provides the following sales forecast for the next four
months.
April
May
June
July
Sales (units)
550
630
580
670
The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
Prepare a production budget for the months of April, May, and
June.
UINUATIV Wants to end each month with ending finished goods inventory equal to 209 goods inventory on...
Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months...
Aqua-pro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months of the year are as follows: Unit Sales April 180,000 May 220,000 June 200,000 July 240,000 Company policy requires that ending inventories for each month be 25% of next month's sales. However, at the beginning of April, due to greater sales in March than anticipated, the beginning inventory of water pumps is only 21,000. Required: Prepare a production budget for the second quarter of...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 51,000 483,600 94,100 443, 520 1,072,220 622,000 (161,000) 461,000 $1,533, 220 $ 211,400 23,000 234,400 515,000 749,400 346,000 437,820 783, 820 $1,533, 220 To...
1. Finch Company began its operations on March 31 of the current year. Finch has the...
1. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $157,000 $191,000 $210,000 Insurance expense (2) 1,070 1,070 1,070 Depreciation expense 1,970 1,970 1,970 Property tax expense (3) 410 410 410 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the following month. (2) Insurance expense is $1,070 a month; however, the insurance...
59-5 (similar to) Question Help Trader Cycles maractures chainless bicycles. On March 31, Trader Cycles had 300 bikes in Inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales Trader Cycles expects to sell the following number of bikes in each of next four months Click the loon to view the data) Prepare a production budget for the second quarter with a column for each month and for...
1 of 12 (2 complete) HW Score: 5.74%, 1.44 of 25 pts Score: 0 of 1 pt X 59-5 (similar to) Question Help Trapper Cycles manufactures chainless bicycles. On March 31, Trapper Cycles had 210 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Trapper Cycles expects to sell the following number of bikes in each of next four months: E: (Click the icon to...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 51,000 483, 600 94,100 443,520 1,072,220 622,000 (161,000) 461,000 $1,533, 220 $ 211,400 23,000 234,400 515,000 749,400 346,000 437,820 783,820 $1,533,220 To prepare a...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June. The company wants to end each month with ending finished goods inventory equal to 20% of next...
Ruiz Co. provides the following sales forecast for the next four
months.
April
May
June
July
Sales (units)
550
630
580
670
The company wants to end each month with ending finished goods
inventory equal to 20% of next month's forecasted sales. Finished
goods inventory on April 1 is 110 units.
Prepare a production budget for the months of April, May, and
June.
UINUATIV Wants to end each month with ending finished goods inventory equal to 209 goods inventory on...
ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 51,000 483,600 94,100 443, 520 1,072,220 622,000 (161,000) 461,000 $1,533, 220 $ 211,400 23,000 234,400 515,000 749,400 346,000 437,820 783, 820 $1,533, 220 To...
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