Homework Answers
Solution:
| Sales Budget | |||||
| Quarter | East | South | North | West | Total |
| 1st | $15,000.00 | $30,000.00 | $7,500.00 | $22,500.00 | $75,000.00 |
| 2nd | $25,000.00 | $25,000.00 | $20,000.00 | $30,000.00 | $100,000.00 |
| 3rd | $37,500.00 | $12,500.00 | $50,000.00 | $25,000.00 | $125,000.00 |
| 4th | $50,000.00 | $60,000.00 | $30,000.00 | $60,000.00 | $200,000.00 |
| Total | $127,500.00 | $127,500.00 | $107,500.00 | $137,500.00 | $500,000.00 |
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Academic Learning had prepared the following sales budget, schedule of budgeted cash receipts, and cash budget...
Academic Learning had prepared the following sales budget,
schedule of budgeted cash receipts, and cash budget for 2019:
Academic Learning
Sales Budget
For the Year Ended December 31, 2019
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Total
Budgeted tablets to be sold
550
350
1,600
500
3,000
Sales price per unit
$550
$550
$550
$550
$550
Total sales
$302,500
$192,500
$880,000
$275,000
$1,650,000
Schdule of Cash Receipts from Customers
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Total
Total...
Exercise 8-16 Direct Materials and Direct Labor Budgets [LO8-4, LO8-5) The production department of Zan Corporation...
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Exercise 8-14 Sales and Production Budgets (LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted...
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om Saipan Company Saipan Company produces and sells two types of autom produces and sells two types of automobile batteries, the heavy duty HD- 240 and the long life LL-250. The 2017 sales budget for the two products is as follows: 1st quarter 2nd quarter 3rd quarter 4th quarter HD-240 5,000 7,000 8,000 10,000 LL-250 10,000 18,000 20,000 35,000 The January 1, 2017 inventory of HD-240 and LL-250 units is 4,000 and 8,000 respectively. Management desires an ending inventory each...
Academic Learning had prepared the following sales budget,
schedule of budgeted cash receipts, and cash budget for 2019:
Academic Learning
Sales Budget
For the Year Ended December 31, 2019
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Total
Budgeted tablets to be sold
550
350
1,600
500
3,000
Sales price per unit
$550
$550
$550
$550
$550
Total sales
$302,500
$192,500
$880,000
$275,000
$1,650,000
Schdule of Cash Receipts from Customers
First
Second
Third
Fourth
Quarter
Quarter
Quarter
Quarter
Total
Total...
Exercise 8-16 Direct Materials and Direct Labor Budgets [LO8-4, LO8-5) The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 13,000 2nd Quarter 16,Bee 3rd Quarter 15, eee 15, eee 4th Quarter 14,689 Units to be produced In addition, 19,500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is...
Exercise 8-14 Sales and Production Budgets (LO8-2, LO8-3] The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter 2nd Quarter 11,200 12,200 3rd Quarter 4th Quarter 14,200 13,200 Budgeted unit sales The selling price of the company's product is $11 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of...
Prepare the sales, production, and direct material budgets by quarters for 2020. American Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, direct materials budgets are as follows: Sales: Sales for the year are expected to total 1,200,000 units Quarterly sales are 20%, 25%, 30%, and 25% respectively. The sales price is expected to be $ 50 per units for the first three quarters and $55 per unit beginning in the fourth quarter. Sales...
Exercise 8-14 (Algo) Sales and Production Budgets (LO8-2, LO8-3) The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) 2nd Quarter 3rd Quarter 1st Quarter 12,400 4th Quarter 14.40 Budgeted unit sales The selling price of the company's product is $23 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% in the following quarter, and 5% of sales...
Glassware is a high-end glass manufacturer. The company is planning to expand its sales operation to the European market. A supply chain analyst within the company picked five locations for potential warehouse sites. These locations are Barcelona Spain, Budapest-Hungary, Helsinki-Finland, Lyon-France, and Munich-Germany. A marketing analyst divided Europe into four general regions; East, West, South, and North. In the accompanying spreadsheet, the fixed cost of opening warehouses, the capacity of the warehouses, transportation cost from warehouses to regions, and demand...
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