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Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master...
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Unit Sales October 4,900 November 5,150 December 5,920 Whistle Works sells each whistle for $12. It's been determined that each unit costs $7.50 to manufacture. How much will be budgeted for gross profit in November? A. $26,640.00 B. $61,800.00 C. $38,625.00 D. $ 23,175.00
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: Units to be produced October 5,200 November 4,750 December 5,320 Whistle Works sells each whistle for $9. It takes 55 ounces of metal to produce each whistle at a cost of $0.40 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. What is the total cost of direct materials for October to...
Question 18 0.25 points Save Answer Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: October November December Units to be produced 4900 5050 5720 Whistle Works sells each whistle for $8. It takes 4 ounces of metal to produce each whistle at a cost of $0.70 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. What is the total cost...
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Whiste Works manutacturers satety whiste keychains They hae the following infomation avalatle to prepare their master budget: Units to be produced October November 4800 4.750 5.00 December Whiste Works sels earh whiste or $10. takes 2 ounces of metal to produce each whistle at a cost of 50.60 per ounce. They prefer to have 10 of materias requred tor the foowing mon's prodution in ending inventory wel How many ounces of direct materials does Whiste Works...
Please prepare a production budget with the following master budget information: Projected unit sales for each quarter for 2013 are as follows: Quarter 1 60,000 Quarter 2 70,000 Quarter 3 80,000 Quarter 4 65,000 The selling price is $500 per unit. All sales are on credit (no cash sales). 70% of all sales are collected within the quarter they are sold. The other 30% are collected in the following quarter. There are no bad debts. There is no beginning inventory...
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,900, 30,000, 32,000, and 33,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods...
Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,900, 30,000, 32,000, and 33,000 units, respectively. All sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods...
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 8,700, 18,000, 20,000, and 21,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 30% of the following month’s unit sales. The...
Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,500, 16,000, 18,000, and 19,000 units, respectively. All sales are on credit. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. The ending finished goods inventory equals 20% of the following month’s unit sales. The...
Morganton Company makes one product and it provided the following information to help prepare the master budget:The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,400, 10,000, 12,000, and 13,000 units, respectively. All sales are on credit.Forty percent of credit sales are collected in the month of the sale and 60% in the following month.The ending finished goods inventory equals 20% of the following month’s unit sales.The ending raw materials inventory...