Question

Budgeting for Planning and Control About 20 percent of sales are cash sales, and the remainder are credit sales. Theco that typically 10 percent of a month's credit sales are paid in the month of sal paid the next month, and 15 percent are paid in the second month after s receipts in July are budgeted at what amount? a. $114,520 b. $143,150 c. S145.720 d. $156,000 Chapter & e, 70 ale. Exp Exercise 8.35 The budget that adjusts unit sales for beginning and ending inventories of finis a. production budget b. purchases budget hed g ending inventory of finished goods budget d.) cost of goods sold budget c. $145,/20 d. $156,000 The budget that adjusts unit sales for beginning and end a. production budget b. purchases budget ending inventory of finished goods budget d cost of goods sold budget PROBLEMS Problem 8.36 Operating Budget, Comprehensive An Ponderosa, Inc., produces wiring harness assem trucks. The wiring harness assemblies ar Projected sales in units for the co

Answer 1

Answer to EX8.35 (Requested complete question in the list): Option-(a): Production budget Reason: Production Budget Template Budgeted sales units Add: Ending Finished Goods Units needed Less: Beginning Fnished Goods Units to be produced C) 0 0 0 0 From the above production budget template, it is evidenced that the sale for beginning and ending inventory of finished goods units in order to arrive at number of units to be produced. For cost of goods sold budget also, beginning & ending inventory of finished goods will be in terms of costs and so option-(d) is incorrect. In other words, option-(a) is the correct answer