Ans :
December | Januray | February | March | April | |
Monthly material Purchase | 35000 | 48750 | 48750 | 48750 | 48750 |
Payment to material purchase | 35000 | 48750 | 48750 | 48750 | |
Monthly labor cost | 25000 | 28000 | 25000 | 30000 | |
Monthly fixed overhead | 21000 | 21000 | 21000 | 21000 | |
Total cash payments | 81000 | 97750 | 94750 | 99750 |
Monthly sales = 390000* 4 = $ 97500
Monthly purchases = $ 97500 *50% = 48750
- 4 Homework Help Save & Exit Submit Check my work because of level production, material...
Help Save& Exit Ultravision Inc. anticipates sales of $380,000 from January through April Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January. February, March, and Apr. Materials are paid for one month after the month purchased. Materials purchased in December o $68,000 in salesi Labor cossfor each of the four months are slighty different due to a provision in the labor contract last...
Ultravision Inc. anticipates sales of $440,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January, February, March, and April. Materials are paid for one month after the month purchased. Materials purchased in December of last year were $40,000 (half of $80,000 in sales). Labor costs for each of the four months are slightly different due to a provision in...
Ultravision Inc. anticipates sales of S430,000 from January through April. Materials will represent 50 percent of sales, ancl because of level production, material purchases will be equal for each month during the four months of January, February, March, and April. Materials are pald for one month after the month purchased. Materlals purchased in December of last year were $39,000 (haf of $78,000 in sales). Labor costs for cach of the four months are slightly different due to ฎี provision ın...
Ultravision Inc. anticipates sales of $410,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January. February, March, and April Materials are paid for one month after the month purchased. Materials purchased in December of last year were $37,000 (half of $74,000 in sales). Labor costs for each of the four months are slightly different due to a provision in...
Ultravision Inc. anticipates sales of $300,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January, February, March, and April. Materials are paid for one month after the month purchased. Materials purchased in December of last year were $26,000 (half of $52,000 in sales). Labor costs for each of the four months are slightly different due to a provision in...
The Denver Corporation has forecast the following sales for the first seven months of the year: January $ 34,000 February 36,000 March 38,000 April 44,000 May 34,000 June 40,000 July 42,000 Monthly material purchases are set equal to 35 percent of forecast sales for the next month. Of the total material costs, 45 percent are paid in the month of purchase and 55 percent in the following month. Labor costs will run $6,400 per month, and fixed overhead is $14,000...
Help Save & Exit Submit Check my work Midland Company buys tiles and prints different designs on them for souvenir and gift stores. It buys the tiles from a small company in Europe, so at all times it keeps on hand a stock equal to the tiles needed for three months' sales. The tiles cost $1.00 each and must be paid for in cash. The company has 28,000 tiles in stock. Sales estimates, based on contracts received, are as follows...
Harry’s Carryout Stores has eight locations. The firm wishes to
expand by two more stores and needs a bank loan to do this. Mr.
Wilson, the banker, will finance construction if the firm can
present an acceptable three-month financial plan for January
through March. The following are actual and forecasted sales
figures:
Actual
Forecast
Additional Information
November
$460,000
January
$540,000
April forecast
$470,000
December
480,000
February
580,000
March
480,000
Of the firm’s sales, 50 percent are for cash and the...
Harry's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mr. Wilson, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures: Actual Forecast Additional Information November $280,000 January $360,000 April forecast $380,000 December 300,000 February 400,000 March 390,000 Of the firm's sales, 40 percent are for cash and the...
InnerVision Limited anticipates total sales of $350,000 from July through October. Materials will represent 60 percent of sales and because of level production, material purchases will be equal for each month during these four months. Materials are paid for one month after the month purchased. Materials purchased in June were $31,000 (half of $62,000 in sales). Labour costs for each of the four months are slightly different due to a provision in the labour contract in which bonuses are paid...