4. a. 10,10,000
Finished Goods | 500,000.00 |
Raw material needed | 1,000,000.00 |
Less - Opneing raw material | -40,000.00 |
Add - Closing raw material | 50,000.00 |
Raw material purchased | 1,010,000.00 |
5. d. $ 1,34,250
Sales commision | 17,500.00 |
Shipping | 27,500.00 |
Advertising Variable | 5,000.00 |
Advertising Fixed | 14,000.00 |
Executive salary | 34,000.00 |
Depreciation on office equipment | 11,000.00 |
Other - Variable | 6,250.00 |
Other - fixed | 19,000.00 |
134,250.00 |
Return to page Question 4(5 points) Pardise Company plans the following beginning and ending inventory levels...
Question 615 points) Pardise Company plans the following beginning and ending inventory levels (in units) for July: July 1 July 30 Raw material 40,000 50,000 Work in process 10,000 10,000 Finished goods 80,000 50,000 Two units of raw material are needed to produce each unit of finished product If Pardise Company plans to sell 480,000 units during July, the number of units it would have to manufacture during July would be: O Oь Ос Od 510,000 480,000 450,000 440,000
Question 5 of 15 | Page 5 of 15 Question 5 (5 points) The International Company makes and sells only one product, Product SW. The company is the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Monthly Fixed Cost Variable Cost Per Units Sold Sales commissions $0.70 Shipping $1.10 Advertising $0.20 Executive salaries Depreciation on office equipment Other $0.25 $14,000 $34,000 $11,000 $19,000 All expenses other...
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Two units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 44,000 46,000 Work in process 17,000 17,000 Finished goods 96,000 78,000 Required: 1. If Bodin Company plans to sell 456,000 units during the year, compute the number of units the firm would have to manufacture during the year....
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Three units of raw material are required to produce each unit of finished product. Required: If Tsao Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. If 540,000 finished units were to be manufactured by Tsao Company during the year, determine the amount of...
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 8,200, 12,000, 14,000, and 15,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month’s unit sales. The...
Morganton Company makes one product and it provided the following information to help prepare the master budget: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.Forty percent of credit sales are collected in the month of the sale and 60% in the following month.The ending finished goods inventory equals 20% of the following month’s unit sales.The ending raw materials inventory...
The Foundational 15 [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [The following information applies to the questions displayed below.] Morganton Company makes one product and it provided the following information to help prepare the master budget: 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. Forty percent of credit sales are collected in the month of the sale and...
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 8,700, 18,000, 20,000, and 21,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 30% of the following month’s unit sales. The...
Morganton Company makes one product and it provided the following information to help prepare the master budget: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.Forty percent of credit sales are collected in the month of the sale and 60% in the following month.The ending finished goods inventory equals 20% of the following month’s unit sales.The ending raw materials inventory...
Required information The Foundational 15 (LO8-2, L08-3, LO8-4, LO8-5, L08-7, LO8-9, LO8-10) [The following information applies to the questions displayed below] 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...