- Calculating the current year's demand from three customers based on previous data to maximize the company's profits
- What is the marginal contribution per unit of each product?
- How much can the material supply increase for this value to remain valid?
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Calculating the current year's demand from three customers
based on previous data to maximize the company's...
May 735 pple Company provides the following data for the next three months. Feb 780 Jan...
May 735 pple Company provides the following data for the next three months. Feb 780 Jan 685 Budgeted production units Beginning Raw Materials inventory-Ibs. Ending Finished Goods Inventory - units 705 160 Apple had decided that Raw Materials desired ending inventory shou month's production needs. Each unit of production takes four pounds w Materials desired ending inventory should be 40% of the next Each unit of production takes four pounds of raw materials. What is the quantity (lbs.) of Raw...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has forecast production for the next three months as follows: July 5,000 units, August 6,000 units, September 3,500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units for the month of March....
its in hours 2. A manufacturer of vacuum cleaners produces three models of canister-style vacuum cleaners-the...
its
in hours
2. A manufacturer of vacuum cleaners produces three models of canister-style vacuum cleaners-the X-100, X-200, and X-300-on a production line with three stations-motor assembly, final assembly, and test. The line is highly automated and is run by three operators, one for each station. Data on production times, material cost, sales price, and bounds on demand are given in the following tables: Product Material Cost ($/Unit) Price $/Unit) Minimum Demand Maximum Demand (Units per Month) (Units per Month)...
Heaton Steel Company is a steel manufacturer. It has three departments. Department A is responsible for...
Heaton Steel Company is a steel manufacturer. It has three departments. Department A is responsible for melting the scrap metal. Afterwards, the molten metals are transferred to Department B. Department B will then pours the molten metal into ingot casting. Ingot castings are transferred to Department C. Department C sands off any sharp edges and package the castings for shipment to customers. Data for Department A for January are: Department A: Costs of Beginning Work-in-Process (January 1st) Scrap Metal (5,000...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
The following data are from BBC Inc. accounting records at December 31, 2018. Sales 500,000 Raw...
The following data are from BBC Inc. accounting records at December 31, 2018. Sales 500,000 Raw materials inventory, beginning 8,000 Raw material ending 4,000 Purchase of raw materials (To be determined) Direct labour 30,000 Prime cost (total) 110,000 Indirect materials 20,000 Commissions 36,000 Work in process beginning inventory 8000 Work in process ending inventory 6000 Depreciation - equipment 20,000 Depreciation - factory 22,000 Finished good inventory beginning 10,000 Finished good inventory ending (To be determined) Maintenance expense 8,000 General office...
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months...
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below: February January 60,000 March 100,000 Budgeted Production (in Units) Budgeted Raw Materials: Purchases (in Kilograms) 129,000 165,000 188,000 Two kilograms of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 kilograms...
Current Attempt in Progress Pargo Company is preparing its master budget for 2020. Relevant data pertaining...
Current Attempt in Progress Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales Sales for the year are expected to total 1,900,000 units. Quarterly sales are 22%, 26%, 27% and 25%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $44 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected...
QUESTION 2- (15 points) The following data are from ABC Inc. accounting records at December 31,...
QUESTION 2- (15 points) The following data are from ABC Inc. accounting records at December 31, 2018: Sales (22,000 units) Raw materials inventory, beginning Raw materials inventory, ending Purchases of raw materials Direct labour Prime costs (total) Conversion costs (total) Commissions Work-in-process inventory, beginning Work-in-process inventory, ending Depreciation-equipment Finished goods inventory, beginning (6,000 units) Finished goods inventory, ending (4,000 units) Rent-factory Property taxes: factory Administration General office salaries $1,320,000 76.000 To be determined 232,000 To be determined 512,000 540.000 10%...
Use all available data (Assumptions Row 4-Row 52, Balance Sheet for 2016, results from other Soultions)...
Use all available data (Assumptions Row 4-Row 52,
Balance Sheet for 2016, results from other Soultions) Answer format
also included.
1a. Create a DIRECT MATERIALS BUDGET for the year
ended December 31, 2017.
1b. Create a SCHEDULE OF EXPECTED CASH DISBURSEMENTS FOR PURCHASES
OF MATERIALS for the year ended December 31, 2017.
2. Create a DIRECT LABOR BUDGET for year ended
December 31, 2017.
3. Create a MANUFACTURING OVERHEAD BUDGET for the year
ended December 31, 2017.
Budgeted Unitsales 01...
May 735 pple Company provides the following data for the next three months. Feb 780 Jan 685 Budgeted production units Beginning Raw Materials inventory-Ibs. Ending Finished Goods Inventory - units 705 160 Apple had decided that Raw Materials desired ending inventory shou month's production needs. Each unit of production takes four pounds w Materials desired ending inventory should be 40% of the next Each unit of production takes four pounds of raw materials. What is the quantity (lbs.) of Raw...
its
in hours
2. A manufacturer of vacuum cleaners produces three models of canister-style vacuum cleaners-the X-100, X-200, and X-300-on a production line with three stations-motor assembly, final assembly, and test. The line is highly automated and is run by three operators, one for each station. Data on production times, material cost, sales price, and bounds on demand are given in the following tables: Product Material Cost ($/Unit) Price $/Unit) Minimum Demand Maximum Demand (Units per Month) (Units per Month)...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below: February January 60,000 March 100,000 Budgeted Production (in Units) Budgeted Raw Materials: Purchases (in Kilograms) 129,000 165,000 188,000 Two kilograms of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 kilograms...
Current Attempt in Progress Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales Sales for the year are expected to total 1,900,000 units. Quarterly sales are 22%, 26%, 27% and 25%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $44 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected...
QUESTION 2- (15 points) The following data are from ABC Inc. accounting records at December 31, 2018: Sales (22,000 units) Raw materials inventory, beginning Raw materials inventory, ending Purchases of raw materials Direct labour Prime costs (total) Conversion costs (total) Commissions Work-in-process inventory, beginning Work-in-process inventory, ending Depreciation-equipment Finished goods inventory, beginning (6,000 units) Finished goods inventory, ending (4,000 units) Rent-factory Property taxes: factory Administration General office salaries $1,320,000 76.000 To be determined 232,000 To be determined 512,000 540.000 10%...
Use all available data (Assumptions Row 4-Row 52,
Balance Sheet for 2016, results from other Soultions) Answer format
also included.
1a. Create a DIRECT MATERIALS BUDGET for the year
ended December 31, 2017.
1b. Create a SCHEDULE OF EXPECTED CASH DISBURSEMENTS FOR PURCHASES
OF MATERIALS for the year ended December 31, 2017.
2. Create a DIRECT LABOR BUDGET for year ended
December 31, 2017.
3. Create a MANUFACTURING OVERHEAD BUDGET for the year
ended December 31, 2017.
Budgeted Unitsales 01...
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