Homework Answers
| 1) | Particulars | Jan | Feb | Mar | April | May | June | |
| Unit sales | 170 | 160 | 180 | 190 | 210 | 200 | ||
| Desired EI | 16 | 18 | 19 | 21 | 20 | |||
| Total needed | 186 | 178 | 199 | 211 | 230 | |||
| Less: BI | 23 | 16 | 18 | 19 | 21 | |||
| Unit purchases | 163 | 162 | 181 | 192 | 209 | |||
Note: Since no purchase price of the units are given, it's not possible to determine the purchase dollar value
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Purchases Budget Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vita...
Purchases Budget 140 Tiger Drug Store carries a variety of health and beauty aids, including 500-count...
Purchases Budget 140 Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below. Unit Sales Dollar Sales January $1,120 February 1,040 March 1,200 April 1,280 1.440 June 1,360 The owner of Tiger Drug believes that ending Inventories should be sufficient to cover 10 percent of the next month's projected sales. On January 1, 25 bottles of Vitamins were...
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Production Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows: Unit Sales Dollar Sales ($) January 40,000 72,000 February 45,000 81,000 March 60,000 108,000 April 42,000 75,600 Company policy requires that ending inventories for each month be 20% of next month's sales. At the beginning of January, the inventory of peanut butter is...
Production Budget and Direct Materials Purchases Budgets Peanut-Fresh Inc. produces all-natural organic peanut butter. The peanut...
Production Budget and Direct Materials Purchases Budgets Peanut-Fresh Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows: Unit Sales Dollar Sales ($) January 48,000 100,800 February 46,000 96,600 March 55,000 121,000 April 58,000 125,200 Company policy requires that ending inventories for each month be 20% of next month's sales. At the beginning of January, the inventory of peanut butter is 14,500...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The...
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Sweet Company, a specialty chocolate store, prepares a master budget on a quarterly basis. The company...
Sweet Company, a specialty chocolate store, prepares a master budget on a quarterly basis. The company has assembled the following data to assist in preparing its master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances: Debits Credits Cash $ 50,000 Accounts Receivable 162,500 Inventory 58,000 Buildings and Equipment (net) 370,000 Accounts Payable $ 65,000 Capital Stock 412,500 Retained Earnings 163,000 $640,500...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The...
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Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Credits Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Capital shares Retained earnings Debits $ 48,000 232,000 61,500 375,000 $ 93,000 520,000 103,500 $716,500 $716,500...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Credits Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Capital shares Retained earnings Debits $ 50,000 224,000 61,500 366,000 $ 91,000 505,000 105,500 $701,500 $701,500...
Purchases Budget 140 Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below. Unit Sales Dollar Sales January $1,120 February 1,040 March 1,200 April 1,280 1.440 June 1,360 The owner of Tiger Drug believes that ending Inventories should be sufficient to cover 10 percent of the next month's projected sales. On January 1, 25 bottles of Vitamins were...
Question 14 Not complece Marked out of 1.00 PFlag question Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2010 are as follows: Month Unit Sales Month Unit Sales January February Apri 200,000 190,000 150,000 180,000 May March June 210,000 220.000 Beginning inventory for 2010 is 60,000 units. The budgeted inventory at the end of a month is 40 percent of units to be sold the following month. Purchase price per...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Common stock Retained earnings Debits Credits 61,000 216,800 60,900 371,000 $ 91,425 500,000 118,275 $ 709, 700 $709,...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Credits Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Capital shares Retained earnings Debits $ 49,000 224,000 57,000 356,000 $ 93,000 485,000 108,000 $686,000 $686,000...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Credits Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Capital shares Retained earnings Debits $ 48,000 232,000 61,500 375,000 $ 93,000 520,000 103,500 $716,500 $716,500...
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparation of the master budget for the first quarter: a. As of December 31 (the end of the prior quarter), the company's general ledger showed the following account balances: Credits Cash Accounts receivable Inventory Buildings and equipment (net) Accounts payable Capital shares Retained earnings Debits $ 50,000 224,000 61,500 366,000 $ 91,000 505,000 105,500 $701,500 $701,500...
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