Sales Budget
Sales Budget
Hawaiian Style supplies island-inspired clothing to hotel gift shops, golf shops, and specialty boutiques throughout the Hawaiian islands. The clothing distributor purchases its inventory from a Chinese clothing manufacturer that uses the latest designs provided by Hawaiian Style.
Due to manufacturing lead times, Hawaiian Style must provide the final designs no later than 90 days before it receives the completed clothing. Due to the costs of retooling and the risks associated with consumers’ changing tastes for clothing styles and colors, the Chinese clothing manufacturer requires Hawaiian Style to order its clothing in large batches, effectively resulting in Hawaiian Style ordering its entire annual inventory at the beginning of each year.
Hawaiian Style attempts to balance its concerns about stockouts of popular styles with its concerns about excess inventory from season to season by carefully budgeting its purchases for the next fashion year. Based on its analysis, Hawaiian Style has developed the following probabilities for sales for the coming year:
| Sales Level | Probability |
|---|---|
| 1,875,000 | 20% |
| 2,250,000 | 30% |
| 2,750,000 | 30% |
| 3,125,000 | 15% |
| 3,250,000 | 5% |
What amount should Hawaiian Style budget for sales for the coming year?
$
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Calculate the: 1. Sales revenue budget
Calculate the:
1. Sales revenue budget
2. Production budget
3. Direct materials usage and purchases budget
4. Direct labour budget
5. Manufacturing overhead budget
6. Ending inventories budget
7. Cost of goods sold budget
8. Support department budget
9. Budgeted income statement
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Wholesalers
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For
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NEED ANSWER OF THE " F " PART ONLY!
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PREVIOUS PROBLEM!
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Calculate the:
1. Sales revenue budget
2. Production budget
3. Direct materials usage and purchases budget
4. Direct labour budget
5. Manufacturing overhead budget
6. Ending inventories budget
7. Cost of goods sold budget
8. Support department budget
9. Budgeted income statement
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a) Prepare a sales budget(in dollars) and cash collections
budget for July through September of this year.
b) Prepare a production budget (in units) for July through
September
c) Prepare a direct materials purchase budget(in units) and cash
disbursements budget for Carbon Fiber for July through
September.
Please give the details how to get the answers. Thanks!
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Moore Wholesalers is preparing its merchandise purchases budget.
Budgeted sales are $450,000 for April and $480,000 for May. Cost of
goods sold is expected to be 63% of sales. The company’s desired
ending inventory is 25% of the following month’s cost of goods
sold.
Compute the required purchases for April.
Moore
Wholesalers
Purchases Budget
For
the Quarter EndedFor the Year EndedFor the Month of April
Required Merchandise Purchases for AprilBeginning InventoryBudgeted
Cost of Goods SoldTotal Inventory RequiredDesired Ending
InventoryDirect Materials...
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NEED ANSWER OF THE " F " PART ONLY!
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