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Production cash outflow. California Cement Company produces its products two months in advance of...
Production cash outflow. California Cement Company produces its products two months in advance of...
Production cash outflow. California Cement Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 23% of the anticipated month's sale. Beginning inventory in September 2014 was 33,323 units. Each unit costs $2.73. The average sales price per unit is $5.71. The cost is made up of 35% labor, 56% materials, and 9% shipping (to the warehouse). The company pays for labor the month of...
12.5 Production cash outflow. National Beverage Company produces its products two months in advance of anticipated...
12.5 Production cash outflow. National Beverage Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 7% of the anticipated month's sale. Beginning inventory in October 2014 was 263,956 units. Each unit costs $0.24 to make. The average selling price is $0.68 per unit. The cost is made up of 37% labor, 48% materials, and 15% shipping (to the warehouse). The company pays for labor...
Exercise 8-10 Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures...
Exercise 8-10 Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (CC) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished...
Purchases and Cash Budgets On July 1, MTC Wholesalers had a cash balance of $175,000 and...
Purchases and Cash Budgets On July 1, MTC Wholesalers had a cash balance of $175,000 and accounts payable of $99,000. Actual sales for May and June, and budgeted sales for July, August, September, and October are: Month Actual Sales Month Budgeted Sales May $150,000 July $ 90,000 June 160,000 August 80,000 September 100,000 October 120,000 All sales are on credit with 75 percent collected during the month of sale, 20 percent collected during the next month, and 5 percent collected...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October....
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2009: $1,800,000 (October), $1,600,000 (November),...
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2009: $1,800,000 (October), $1,600,000 (November), and $2.100.000 (December). It posted the following sales figures for the third quarter of 2009: $1,900.000 (July). $2,050,000 (August), and $2,200,000 (September). CCC sells 90% of its products on credit: 10% are cash sales. The credit sales are collected as follows: 60% in the following month, 20% two months later, 19% three months later, and 1% defaults. What are the anticipated cash inflows for...
CASH BUDGETING Helen Bowers, owner of Helen's Fashion Designs, is planning to request a line of...
CASH BUDGETING
Helen Bowers, owner of Helen's Fashion Designs, is planning to
request a line of credit from her bank. She has estimated the
following sales forecasts for the firm for parts of 2016 and
2017:
May 2016
$186,000
June
186,000
July
372,000
August
540,000
September
720,000
October
360,000
November
360,000
December
90,000
January 2017
180,000
Estimates regarding payments obtained from the credit department
are as follows: collected within the month of sale, 10%; collected
the month following the sale,...
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters...
Pearl Products Limited of Shenzhen, China, manufactures and
distributes toys throughout Southeast Asia. Three cubic centimeters
(cc) of solvent H300 are required to manufacture each unit of
Supermix, one of the company’s products. The company now is
planning raw materials needs for the third quarter, the quarter in
which peak sales of Supermix occur. To keep production and sales
moving smoothly, the company has the following inventory
requirements:
A. The finished goods inventory on hand at the end of each...
Exerclse 8-10 Production and Direct Materlals Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures...
Exerclse 8-10 Production and Direct Materlals Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished...
Exercise 8-10 (Algo) Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China,...
Exercise 8-10 (Algo) Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a....
Exercise 8-10 Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (CC) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished...
Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter...
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2009: $1,800,000 (October), $1,600,000 (November), and $2.100.000 (December). It posted the following sales figures for the third quarter of 2009: $1,900.000 (July). $2,050,000 (August), and $2,200,000 (September). CCC sells 90% of its products on credit: 10% are cash sales. The credit sales are collected as follows: 60% in the following month, 20% two months later, 19% three months later, and 1% defaults. What are the anticipated cash inflows for...
CASH BUDGETING
Helen Bowers, owner of Helen's Fashion Designs, is planning to
request a line of credit from her bank. She has estimated the
following sales forecasts for the firm for parts of 2016 and
2017:
May 2016
$186,000
June
186,000
July
372,000
August
540,000
September
720,000
October
360,000
November
360,000
December
90,000
January 2017
180,000
Estimates regarding payments obtained from the credit department
are as follows: collected within the month of sale, 10%; collected
the month following the sale,...
Pearl Products Limited of Shenzhen, China, manufactures and
distributes toys throughout Southeast Asia. Three cubic centimeters
(cc) of solvent H300 are required to manufacture each unit of
Supermix, one of the company’s products. The company now is
planning raw materials needs for the third quarter, the quarter in
which peak sales of Supermix occur. To keep production and sales
moving smoothly, the company has the following inventory
requirements:
A. The finished goods inventory on hand at the end of each...
Exerclse 8-10 Production and Direct Materlals Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished...
Exercise 8-10 (Algo) Production and Direct Materials Budgets [LO8-3, LO8-4] Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a....
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