Homework Answers
Purchase budget
| Particular | amount $quarter 1 | total amount $ quarter 2 |
| Sales A | 40500 | 52000 |
| COGS | 20250 | 26000 |
| Finished stock closing B | 26000*20%=5200 | 59100*50%*20%=5910 |
| Opening stock C | nil | 5200 |
| Purchases to be made A+B-C | 45700 | 52710 |
The format used is only to give you the concept of solving the question. Put these figures into your solution.
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See template_1 If the cost of goods sold is 55% of current quarters sales, calculate the...
See template_1 If the cost of goods sold is 55% of current quarters sales, calculate the cost of goods sold for the first second, third Refer to your textbook a. and fourth quarters. on Ch 4 4.4 b Calculate Gross Profit C Calculate selling expenses for each quarter to be 11% of sales d Calculate administration expense for each quarter to be 23% e Calculate net profit before taxes for each quarter f Calculate income taxes for each quarter to...
Do It! Review 21-2 Your answer is partially correct. Try again. Pargo Company is preparing its...
Do It! Review 21-2
Your answer is partially correct. Try again.
Pargo Company 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...
1.100 . Mangement desres to have an inte res investory of the next quarters expected unte...
1.100 . Mangement desres to have an inte res investory of the next quarters expected unte Paige Company estimates that Prepare a production but w we will be 10,100 ,12.00 in guter 2.15.000 in curter ater for months of 2017 PAIGE COMPANY Producten Budget Total Required Units Required Production Units Desired Ending Finished Goods Inventory Direct Materials Per Unit Desired Ending Direct Materials Expected Unit Sales Beginning Direct Materials Beginning Finished Goods Inventory Direct Materials Purchases Total Materials Required
# 21. (10 marks) Imagine you react 1.25 g of germanium, Ge(s), with enough liquid bromine, Br2(C), to consume all t...
# 21. (10 marks) Imagine you react 1.25 g of germanium, Ge(s), with enough liquid bromine, Br2(C), to consume all the germanium. The reaction makes 6.75 g of a single solid product with formula Ge, Br, a) (6 marks) Based on this data only (i.e., do NOT use the information given in part (b) yet), what is the empirical formula of the product? Show full calculations. b) (2 marks) If a mass spectrometry experiment determines the product's molar mass to...
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company is preparing its master budget...
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company 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 1.400.000 units. Quarterly sales are 184.254.24% and 32% respectively. The sales price is expected to be $40 per unit for the first three quarters and 546 per unit beginning in the fourth quarter Sales in the first quarter of...
- determine the cost of goods sold under FIFO - determine the cost of goods sold...
- determine the cost of goods sold under
FIFO
- determine the cost of goods sold under LIFO
- calculate average unit cost
- determine cost of goods sold under average cost
Metlock, Inc. began the year with 11 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5, 32 unit at $17; July 16, 16 units at $20; and December 7, 21 units at $24. Assume there are 24...
1. 2. 3. 4. Expected sales: June $507,300, July $608,800. Cost of goods sold is expected...
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a. Determine the cost of goods sold and ending m 10 books costing $18 each 4...
a. Determine the cost of goods sold and ending m 10 books costing $18 each 4 books costing $18 each and 9 books costing $21 each 2 books costing $21 each and 2 thooks costing $28 each August 3 August 15: August 28: hand at the end of the period. (Enter the oldest inventory layers first ) Cost of Goods Sold Inventory on Hand Unit Total Unit Total 16 S 18 S 288 6 S 18 108 6 $ 18...
Toyota Corp.'s stock is $30 per share. Its expected return is 21% and variance is 13%....
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QUESTION 21 For Blue Baker Company, the following information is available: Cost of goods sold $390,000...
QUESTION 21 For Blue Baker Company, the following information is available: Cost of goods sold $390,000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue 600,000 In Blue Baker's multiple-step income statement gross profit A. should not be reported B. should be reported at $51.000. C. should be reported at $210,000. D.should be reported at $225,000.
See template_1 If the cost of goods sold is 55% of current quarters sales, calculate the cost of goods sold for the first second, third Refer to your textbook a. and fourth quarters. on Ch 4 4.4 b Calculate Gross Profit C Calculate selling expenses for each quarter to be 11% of sales d Calculate administration expense for each quarter to be 23% e Calculate net profit before taxes for each quarter f Calculate income taxes for each quarter to...
Do It! Review 21-2
Your answer is partially correct. Try again.
Pargo Company 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...
1.100 . Mangement desres to have an inte res investory of the next quarters expected unte Paige Company estimates that Prepare a production but w we will be 10,100 ,12.00 in guter 2.15.000 in curter ater for months of 2017 PAIGE COMPANY Producten Budget Total Required Units Required Production Units Desired Ending Finished Goods Inventory Direct Materials Per Unit Desired Ending Direct Materials Expected Unit Sales Beginning Direct Materials Beginning Finished Goods Inventory Direct Materials Purchases Total Materials Required
# 21. (10 marks) Imagine you react 1.25 g of germanium, Ge(s), with enough liquid bromine, Br2(C), to consume all the germanium. The reaction makes 6.75 g of a single solid product with formula Ge, Br, a) (6 marks) Based on this data only (i.e., do NOT use the information given in part (b) yet), what is the empirical formula of the product? Show full calculations. b) (2 marks) If a mass spectrometry experiment determines the product's molar mass to...
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company 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 1.400.000 units. Quarterly sales are 184.254.24% and 32% respectively. The sales price is expected to be $40 per unit for the first three quarters and 546 per unit beginning in the fourth quarter Sales in the first quarter of...
- determine the cost of goods sold under
FIFO
- determine the cost of goods sold under LIFO
- calculate average unit cost
- determine cost of goods sold under average cost
Metlock, Inc. began the year with 11 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5, 32 unit at $17; July 16, 16 units at $20; and December 7, 21 units at $24. Assume there are 24...
1. 2. 3. 4. Expected sales: June $507,300, July $608,800. Cost of goods sold is expected to be 75% of sales. Desired ending merchandise inventory is 30% of the following (next) month's cost of goods sol The beginning inventory at June 1 will be the desired amount. Compute the budgeted merchandise purchases for June. (Round answers to the nearest whole d GRAND STORES Merchandise Purchases Budget For the Month Ending June 30, 2017 Y if you would like to Show...
a. Determine the cost of goods sold and ending m 10 books costing $18 each 4 books costing $18 each and 9 books costing $21 each 2 books costing $21 each and 2 thooks costing $28 each August 3 August 15: August 28: hand at the end of the period. (Enter the oldest inventory layers first ) Cost of Goods Sold Inventory on Hand Unit Total Unit Total 16 S 18 S 288 6 S 18 108 6 $ 18...
QUESTION 21 For Blue Baker Company, the following information is available: Cost of goods sold $390,000 Dividend revenue 15,000 Income tax expense 36,000 Operating expenses 138,000 Sales revenue 600,000 In Blue Baker's multiple-step income statement gross profit A. should not be reported B. should be reported at $51.000. C. should be reported at $210,000. D.should be reported at $225,000.
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