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Production and sales estimates for April are as follows: 9,000 8,000 Estimated inventory (units), April 1...
Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May...
Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May 1 19,000 Desired inventory (units), May 31 19,300 Expected sales volume (units): Area W 6,700 Area X 9,400 Area Y 7,600 Unit sales price $12.00 The number of units expected to be sold in May is a.28,440 b.23,700 c.21,330 d.14,300 If fixed costs are $295,000, the unit selling price is $73, and the unit variable costs are $53, what are the old and new...
Calculator Production estimates for August for Jay Company are as follows: Estimated Inventory (units), August 1...
Calculator Production estimates for August for Jay Company are as follows: Estimated Inventory (units), August 1 1 2,000 Desired inventory (units), August 31 9 ,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for August production is a. 234,000 lbs. of A; 39,000 lbs. of B b....
3. Budgeted sales for the first six months for Meixner Corp. are listed below: APRIL 7,000...
3. Budgeted sales for the first six months for Meixner Corp. are listed below: APRIL 7,000 JANUARY 6,000 FEBRUARY 7,000 MARCH 8,000 MAY 5,000 JUNE 4,000 UNITS: Meixner Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month's budgeted sales. If Meixner Corp. plans to produce 6,000 units in June, what are budgeted sales for July? a. 3,600 units 1,000 units c. 9,000 units d. 8,000 units 4. Peck Co. manufactures...
The total estimated sales for the coming year is 250,000 units. The estimated inventory at the...
The total estimated sales for the coming year is 250,000 units. The estimated inventory at the be- ginning of the year is 22,500 units, and the desired inventory at the end of the year is 30,000 units. The total production indicated in the production budget is: A. 242,500 units B. 257,500 units C. 280,000 units D. 302,500 unit
Preset, INC. projected sales of 75,000 bicycles for the year. The estimated January 1 inventory is...
Preset, INC. projected sales of 75,000 bicycles for the year. The estimated January 1 inventory is 5,000 units, and the desired December 31 inventory is 8,000 units. What is the budgeted production (in units) for the year?
Based on the following production and sales estimates for May, determine the number of units expected...
Based on the following production and sales estimates for May, determine the number of units expected to be manufactured in May. Estimated inventory (units), May 1 20,000 Desired inventory (units), May 31 15,000 Expected sales volume (units): South region 30,000 West region 40,000 North region 20,000 Unit sales price $10 a.90,000 units b.95,000 units c.85,000 units d.105,000 units
FIRed operating expenses Total operating expenses 1,000 9,000 Use this information to complete a variable costing...
FIRed operating expenses Total operating expenses 1,000 9,000 Use this information to complete a variable costing income statement. 7. Smith Company was organized on August 1 of the current year. Projected sales for the next three months are: August September October $250,000 200,000 275,000 The company expects to sell 50% of its merchandise for cash and 50% for sales on account. Of the sales on account, 30% are expected to be collected in the month of the sale and the...
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22...
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $17 11 Purchase 17 units $19 14 Sale 29 units 21 Purchase 13 units $17 25 Sale 15 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending Inventory using FIFO Cost of Goods Sold Purchases Inventory Qty. Unit Cost Total Cost Oly. Unit Cost Total Cost Total Cost Date...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units April 2,520 May...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units April 2,520 May 2,450 June 2,350 The target ending inventory of finished products is as follows. March 31 2,030 April 30 2,220 May 31 2,110 June 30 2,360 2 units of material are required for each unit of finished product. Production for July is estimated at 2,640 units to start building inventory for the fall sales period. Rensing’s policy is to have an inventory...
Test 2 Calculator ? Beginning inventory, purchases, and sales data for tennis rackets are as follows:...
Test 2 Calculator ? Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units $16 11 Purchase 16 units @ $17 14 Sale 25 units 21 Purchase 10 units $18 25 Sale 16 units Complete the inventory cost card assuming the business maintains a perpetual Inventory system and determine the cost of goods sold and ending Inventory using FIFO. Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit...
Calculator Production estimates for August for Jay Company are as follows: Estimated Inventory (units), August 1 1 2,000 Desired inventory (units), August 31 9 ,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for August production is a. 234,000 lbs. of A; 39,000 lbs. of B b....
3. Budgeted sales for the first six months for Meixner Corp. are listed below: APRIL 7,000 JANUARY 6,000 FEBRUARY 7,000 MARCH 8,000 MAY 5,000 JUNE 4,000 UNITS: Meixner Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month's budgeted sales. If Meixner Corp. plans to produce 6,000 units in June, what are budgeted sales for July? a. 3,600 units 1,000 units c. 9,000 units d. 8,000 units 4. Peck Co. manufactures...
FIRed operating expenses Total operating expenses 1,000 9,000 Use this information to complete a variable costing income statement. 7. Smith Company was organized on August 1 of the current year. Projected sales for the next three months are: August September October $250,000 200,000 275,000 The company expects to sell 50% of its merchandise for cash and 50% for sales on account. Of the sales on account, 30% are expected to be collected in the month of the sale and the...
Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 22 units $17 11 Purchase 17 units $19 14 Sale 29 units 21 Purchase 13 units $17 25 Sale 15 units Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending Inventory using FIFO Cost of Goods Sold Purchases Inventory Qty. Unit Cost Total Cost Oly. Unit Cost Total Cost Total Cost Date...
Test 2 Calculator ? Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 19 units $16 11 Purchase 16 units @ $17 14 Sale 25 units 21 Purchase 10 units $18 25 Sale 16 units Complete the inventory cost card assuming the business maintains a perpetual Inventory system and determine the cost of goods sold and ending Inventory using FIFO. Cost of Inventory Purchases Goods Sold Date Qty. Unit Cost Total Cost Qty. Unit...
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