Homework Answers
a) Number of units be produced = 61700+8370-5740 = 64330 Units
b) Number of pounds purchased = (64330*3)+67900-73100 = 187790 pounds
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Guliman Co is forecasting sales of 61 700 units of product for August. To make one...
Reisman Enterprises is budgeting sales of 42,000 units of product Y for March. To make one unit o...
Explanations are welcome. Thanks!
Reisman Enterprises is budgeting sales of 42,000 units of product Y for March. To make one unit of finished product, three pounds of raw material A are required. Actual beginning and desired ending inventories of raw material A and product Y are as follows: Raw material A Product Y March 1 100,000 lbs. 22,000 units March 31 110,000 lbs. 24,000 units There is no work in process inventory for product Y at the beginning and end...
Osage Inc. has actual sales for May and June and forecast sales for July August September,...
Osage Inc. has actual sales for May and June and forecast sales for July August September, and October as follows: 5,910 units 6,280 units Actual: May June Forecast: July August September October 5,970 units 6,840 units 5,580 units 5,330 units Required: a. The firm's policy is to have finished goods Inventory on hand at the end of the month that is equal to 75% of the next month's sales. It is currently estimated that there will be 4,478 units on...
Sheffield Corp. required production for June is 232000 units. To make one unit of finished product,...
Sheffield Corp. required production for June is 232000 units. To
make one unit of finished product, three pounds of direct material
Z are required. Actual beginning and desired ending inventories of
direct material Z are 400000 and 410000 pounds, respectively. How
many pounds of direct material Z must be purchased?
696000.
706000.
700000.
690000.
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 6...
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 610 May 690 June 640 July 730 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted a goods inventory on April 1s 122 units. Assume July's budgeted production is 640 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units)...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 640 May 720 June 670 July 760 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
Monty Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000...
Monty Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Monty Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2016....
Fuqua Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 13,000 units in February, and...
Fuqua Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 13,000 units in February, and 14,000 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2016....
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630 May 710 June 660 July 750 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 252 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 710 Ratio...
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...
CH8PTEC Morganton Company makes one product and it provided the following information to help prepare the...
CH8PTEC
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 $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 units, respectively. All sales are on credit. b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 20% of the following...
Explanations are welcome. Thanks!
Reisman Enterprises is budgeting sales of 42,000 units of product Y for March. To make one unit of finished product, three pounds of raw material A are required. Actual beginning and desired ending inventories of raw material A and product Y are as follows: Raw material A Product Y March 1 100,000 lbs. 22,000 units March 31 110,000 lbs. 24,000 units There is no work in process inventory for product Y at the beginning and end...
Osage Inc. has actual sales for May and June and forecast sales for July August September, and October as follows: 5,910 units 6,280 units Actual: May June Forecast: July August September October 5,970 units 6,840 units 5,580 units 5,330 units Required: a. The firm's policy is to have finished goods Inventory on hand at the end of the month that is equal to 75% of the next month's sales. It is currently estimated that there will be 4,478 units on...
Sheffield Corp. required production for June is 232000 units. To
make one unit of finished product, three pounds of direct material
Z are required. Actual beginning and desired ending inventories of
direct material Z are 400000 and 410000 pounds, respectively. How
many pounds of direct material Z must be purchased?
696000.
706000.
700000.
690000.
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 610 May 690 June 640 July 730 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted a goods inventory on April 1s 122 units. Assume July's budgeted production is 640 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 640 May 720 June 670 July 760 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630 May 710 June 660 July 750 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 252 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 710 Ratio...
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...
CH8PTEC
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 $60. Budgeted unit sales for June, July, August, and September are 9,200, 23,000, 25,000, and 26,000 units, respectively. All sales are on credit. b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 20% of the following...
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