Homework Answers
| Answer | ||
| Particulars | amount $ | |
| Direct material | $ 5.60 | 4*1.4 |
| Direct labour | $ 5.50 | 11*30/60 |
| Manufacturing overhead | $ 6.50 | 13*30/60 |
| Standard Cost per Unit | $ 17.60 | |
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ABC Company's budgeted sales for June, July, and August are 13,800, 17,800, and 15,400 units respectively....
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 Oct...
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 October Each unit requires 6 pounds of raw materials that are estimated to cost an average of $10 per pound. They also have a policy of maintaining a raw materials inventory at the end each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of raw...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May...
16. Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 320 360 380 320 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales. March 31 Finished Goods inventory is 128 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 280 pounds of direct material B. Each...
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively....
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,300; rent, $6,300; depreciation, $3,700; advertising, $4,500 Mixed costs: utilities, $4,300 + $0.60 per unit Variable costs per unit sold: sales commissions, $3.30; marketing promotions, $2.30; supplies, $0.50; bad debt expense, $0,20 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively....
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,100; rent, $5,100; depreciation, $2,500; advertising, $3,300 Mixed costs: utilities, $3,100 + $0.60 per unit Variable costs per unit sold: sales commissions, $2.10; marketing promotions, $1.10; supplies, $0.80; bad debt expense, $0.30 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
previous answers: -budgeted sales is $1,740,000 -total cash collections for July is $933,600 -required production is...
previous answers:
-budgeted sales is $1,740,000
-total cash collections for July is $933,600
-required production is 29,400 units
-raw materials to be purchased is 118,320 pounds
-cost of raw material to be purchased is $295,800
-total cash disbursements is $195,252
* please answer question number 10 and 14, i posted photos of
them below* for total direct labor cost and total selling and
administrative expenses
Check Required information The Foundational 15 (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] (The following...
Detmer Enterprises has the following budgeted sales: Budgeted Sales in Units June 6,800 units July 5,100...
Detmer Enterprises has the following budgeted sales: Budgeted Sales in Units June 6,800 units July 5,100 units August 4,400 units September 3,700 units Past experience has shown that the ending finished goods inventory for each month should be equal to 25% of the next month's expected sales in units. Additionally, it is known that every unit produced requires four direct labor hours to make and direct laborers are paid $15 per hour. Assume that Detmer pays 65% of its direct...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30%...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30% of the next month's direct materials requirement As of June 30, the company has 2,640 pounds of direct al use. The company budgets production of 4,400 units (solar panels) in July and 6,000 units in August Each unit requires 4 hours of direct labor at a rate of $18 per hour Prepare a direct labor budget for July Direct Labor Budget Required information manufactures...
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’s raw materials purchases for June, July, and August are budgeted at $46,000, $36,000, and...
ABC Company’s raw materials purchases for June, July, and August
are budgeted at $46,000, $36,000, and $61,000, respectively. Based
on past experience, ABC expects that 40% of a month’s raw material
purchases will be paid in the month of purchase and 60% in the
month following the purchase.
Required:
Prepare an analysis of cash disbursements from raw materials
purchases for ABC Company for August.
June July August Budgeted raw material purchases August cash payments: Current month's purchases Prior month's purchases...
Selling price $75.00 June 8000 July 9000 August 10000 September 12000 Credit Sales Collected in the...
Selling price $75.00 June 8000 July 9000 August 10000 September 12000 Credit Sales Collected in the month of the sale 40% Following month 60% Ending finished goods inventory of the following month's unit sales 20% Ending raw materials inventory of the following month's raw materials production needs 10% Raw materials purchases are paid for in the month of purchase 30% Following month 70% Pounds of raw materials required for each unit of finished goods 5 Raw materials cost per pound...
London Industries Limited has the following information: 2017 July August Budgeted Sales Units Budgeted Production Units 19,200 16,400 18,800 23,600 25,600 20,000 16,000 18,000 22,000 30,000 October Each unit requires 6 pounds of raw materials that are estimated to cost an average of $10 per pound. They also have a policy of maintaining a raw materials inventory at the end each month equal to 20% of the pounds needed for the following month's production. There were 16,000 pounds of raw...
ABC Company's budgeted sales for June, July, and August are 14,600, 18,600, and 16,600 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $3,300; rent, $6,300; depreciation, $3,700; advertising, $4,500 Mixed costs: utilities, $4,300 + $0.60 per unit Variable costs per unit sold: sales commissions, $3.30; marketing promotions, $2.30; supplies, $0.50; bad debt expense, $0,20 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
ABC Company's budgeted sales for June, July, and August are 12,200, 16,200, and 14,200 units respectively. The following cost behavior patterns are budgeted for ABC Company's operating expenses each month: Fixed costs: salaries, $2,100; rent, $5,100; depreciation, $2,500; advertising, $3,300 Mixed costs: utilities, $3,100 + $0.60 per unit Variable costs per unit sold: sales commissions, $2.10; marketing promotions, $1.10; supplies, $0.80; bad debt expense, $0.30 Required: Prepare ABC Company's operating expense budget for June, July, and August. June July August...
previous answers:
-budgeted sales is $1,740,000
-total cash collections for July is $933,600
-required production is 29,400 units
-raw materials to be purchased is 118,320 pounds
-cost of raw material to be purchased is $295,800
-total cash disbursements is $195,252
* please answer question number 10 and 14, i posted photos of
them below* for total direct labor cost and total selling and
administrative expenses
Check Required information The Foundational 15 (LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] (The following...
of 4,400 units (solar panels) in July and 6.000 units in August inventory equal to 30% of the next month's direct materials requirement As of June 30, the company has 2,640 pounds of direct al use. The company budgets production of 4,400 units (solar panels) in July and 6,000 units in August Each unit requires 4 hours of direct labor at a rate of $18 per hour Prepare a direct labor budget for July Direct Labor Budget Required information manufactures...
ABC Company’s raw materials purchases for June, July, and August
are budgeted at $46,000, $36,000, and $61,000, respectively. Based
on past experience, ABC expects that 40% of a month’s raw material
purchases will be paid in the month of purchase and 60% in the
month following the purchase.
Required:
Prepare an analysis of cash disbursements from raw materials
purchases for ABC Company for August.
June July August Budgeted raw material purchases August cash payments: Current month's purchases Prior month's purchases...
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