Question

QUESTION 11 Budgeted sales for Wild Catch Ine. for the second quarter the year are shown MAY 25,000 JUIN 23,000 35,000 UNITS: that requires the ending inventory in each period to be 10 peroent of the folowing peniods sales. Assuming that the company follows this policy, what quanitity of production should be scheduled for May? O a-25,700 units O b.24,300 units Oc 25.200 units o d. 24,800 units
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:

Production scheduled for may : D) 24,800 units

Working for the above answer:

Calculation of the Production scheduled for may

budgeted units of sales of may

25000

Add: Ending Inventory
(23000*10%)

2300

Less: Beginning Inventory
(25000*10%)

2500

Production required

24800

Add a comment
Know the answer?
Add Answer to:
QUESTION 11 Budgeted sales for Wild Catch Ine. for the second quarter the year are shown...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The Colson Company has budgeted sales for the year as follows: Quarter 1 2 3 4...

    The Colson Company has budgeted sales for the year as follows: Quarter 1 2 3 4 Sales in units 13,300 15,300 19,200 17,300 The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 4,300 units. Scheduled production for the third quarter is (in units) 17,750 units. 19,675 units. 18,725 units. 19,200 units.

  • Budgeted unit sales for 2019 are as follows: 1st quarter - 10,000; 2nd quarter - 12,000;...

    Budgeted unit sales for 2019 are as follows: 1st quarter - 10,000; 2nd quarter - 12,000; 3rd quarter - 14,000; 4th quarter - 16,000 The ending inventory of finished goods for each quarter equals 25% of next quarter's projected unit sales. Beginning inventory was 2,000 units. Scheduled purchases in units for the third quarter would be: 13,500 units. 14,500 units. 15,500 units. 18,000 units. None of the above. In the cash budget, depreciation of the factory building is O A...

  • White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500...

    White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500 units 90,000 units Quarter 3 Quarter 4 73,300 units 105,200 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1....

  • Hanover Inc. sells buckets for $15 each. Budgeted unit sales for 4 months of 2014 are:...

    Hanover Inc. sells buckets for $15 each. Budgeted unit sales for 4 months of 2014 are: March 26,000 buckets April 28,000 buckets May 22,000 buckets June 25,000 buckets Hanover desires to have buckets on hand at the end of each month equal to 16 percent of the following month's budgeted unit sales. Each bucket requires 3.9 pounds of plastic. At the end of each month, Hanover desires to have 12 percent of production material needs for the next month on...

  • Please show full calculations for each. Thanks! 1) ABC Company's budgeted sales are as follows: July...

    Please show full calculations for each. Thanks! 1) ABC Company's budgeted sales are as follows: July = 3,000 units;                August = 2,500 units. June ending inventory = 1,200 units. Budgeted ending inventory must equal 40% of next month's budgeted sales. Production budgeted for July would equal units = ? units ------ 2) ABC Company's budgeted production is as follows: January = 5,000 units; February = 8,000 units. Each unit produced requires 3 pounds of raw material. January beginning inventory...

  • This Question: 5 pts 11 of 28 (11 complete This Test: 140 pts p Buldog, Inc...

    This Question: 5 pts 11 of 28 (11 complete This Test: 140 pts p Buldog, Inc has budgeted sales for the frst quarter of the next year to be 35,000 units. The inventory on hand at the beginning of quarter is 10,000 unilts The desred production for the first quarter ending inventory is 4,000 units Caliculate the budgoted O A. 4,000 units OB, 39000 units O C. 25,000 units O D. 29.000 units lick to select?our answer 6 8 5...

  • just need help with: the cash budget(8) budgeted income statement for the entire second quarter (9) and (10) budgeted b...

    just need help with: the cash budget(8) budgeted income statement for the entire second quarter (9) and (10) budgeted balanve sheet Problem 07-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019 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...

  • Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales for...

    Royal Company is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: A. The company expects this year's sales to increase by 25%. The selling price is $13 per unit. Prepare a Sales Budget. B. The company desires to have finished inventory on hand at the end of each month equal to 30 percent of the following month's budgeted unit sales. On March 31, there were 3,000 units on hand. Prepare a...

  • Need help on the second part Galactic Inc. manufactures flying drone toys. Sales units for January,...

    Need help on the second part Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512, 472, and 540 respectively. ints Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next quarter's materials...

  • Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...

    Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 27,000 28,000 20,000 25,000 Budgeted unit Sales The company's variable selling and administrative expense per unit is $2.60. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $47.000 per quarter, and depreciation of $26.000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5.000 in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT