Question
i need help with 29,30,31,33
Question 29 (2 points) ABC Company had $1,000,000 in sales in 20x6. The company is expecting sales to increase by 20% in 20x7
Question 30 (2 points) Both the production budget and the cash collections budget are directly based on The selling & adminis
Question 31 (2 points) The plant manager has seen the sales budget for the beginning of 20x5 and tells you, This sales budge
Question 33 (2 points) ABC Company has the following budgeted sales in units for the first quarter of the year. The company h
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Q29:
Quarter 4 Sales          500,000
Increase % Expected 20%
Projected Sales          600,000 (500000*120%)
Answer is B
Q33 Production Budget: Feb
Unit Sales for the Month            75,000
Add: Closing Units(90000*20%)            18,000
Total Units Required            93,000
Less: Opening Units(75000*20%)            15,000
Production Units            78,000
I have answered two questions, please raise separate question for other problems
Add a comment
Know the answer?
Add Answer to:
i need help with 29,30,31,33 Question 29 (2 points) ABC Company had $1,000,000 in sales in...
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
  • 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...

  • ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on...

    ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...

  • 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...

  • Please answer this question. Thank you value 0.70 points Down Under Products, Ltd, of Australia has...

    Please answer this question. Thank you value 0.70 points Down Under Products, Ltd, of Australia has budgeted sales of its popular boormerang for the next four months as follows: 52,000 75,000 92,000 81,000 April June July The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 15% of the following month's sales. The inventory at the end of March was 7,800 units. Required: Prepare...

  • 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...

  • ABC company has budgeted the following cost of goods sold January Sales (on Income statement) CGS...

    ABC company has budgeted the following cost of goods sold January Sales (on Income statement) CGS $60,000 If the cost of goods sold is equal to 60 % of sales and the selling price is $10 per unit what are the budgeted sales in dollars and units for each month? Select one: $100,000 and 10,000 units none of these answers is correct $60,000 and 6,000 units $150,000 and 15,000 units ABC company has budgeted the following sales. January February Sales(on...

  • Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000...

    Benet Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 1 105,000 1 90,000 2 60,000 3 75,000 4 120,000 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2016.

  • 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...

  • 27. Benet Company has budgeted the following unit sales: 2016 2017 Quarter Quarter Units 90.000 Units...

    27. Benet Company has budgeted the following unit sales: 2016 2017 Quarter Quarter Units 90.000 Units 105,000 60,000 75,000 120,000 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Instructions Prepare a production budget for 2016.

  • Hi I need help on this question, thank you :) Chech 1 Pearl Products Limited of...

    Hi I need help on this question, thank you :) Chech 1 Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory...

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