Sales Budget | |||||
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Total | |
Sales units | 180000 | 230000 | 230000 | 360000 | 1000000 |
Sales price per unit | $ 38.00 | $ 38.00 | $ 38.00 | $ 43.00 | |
Sales amount | $ 68,40,000 | $ 87,40,000 | $87,40,000 | $ 1,54,80,000 | $ 3,98,00,000 |
Production Budget | |||||
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Total | |
Sales units | 180000 | 230000 | 230000 | 360000 | 1000000 |
Add : Closing Stock Required | 46000 | 46000 | 72000 | 39600 | |
Total Goods Required | 226000 | 276000 | 302000 | 399600 | 1203600 |
Less : Opening Stock | 36000 | 46000 | 46000 | 72000 | |
Production Required | 190000 | 230000 | 256000 | 327600 | 1003600 |
Desired Ending Inventory = 20% of next quarter sales
Sales for 1st quarter 2021 = 180000 x 1.1 = 198000 units
Beginning Inventory = 20% of current quarter sales
Direct Material Budget | |||||
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Total | |
Production Required | 190000 | 230000 | 256000 | 327600 | |
Raw Material Per unit | 2 | 2 | 2 | 2 | |
Raw Material for Production | 380000 | 460000 | 512000 | 655200 | |
Add : Closing Stock Required | 46000 | 51200 | 65520 | 49000 | |
Total Needs | 426000 | 511200 | 577520 | 704200 | |
Less : Opening Stock | 38000 | 46000 | 51200 | 65520 | |
Material to be purchased | 388000 | 465200 | 526320 | 638680 | |
Rate per pound | $ 10.00 | $ 10.00 | $ 10.00 | $ 10.00 | |
Amount of Rubber | $ 38,80,000 | $ 46,52,000 | $52,63,200 | $ 63,86,800 | $ 2,01,82,000 |
Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production,...
Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,700,000 units. Quarterly sales are 18%, 23%, 24%, and 35%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $43 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 15% higher...
Current Attempt in Progress Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales Sales for the year are expected to total 1,900,000 units. Quarterly sales are 22%, 26%, 27% and 25%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $44 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected...
CALCULATOR PRINTER VERSION BACK NEXT Do It Review 21-2 Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1.400.000 units. Quarterly sales are 184.254.24% and 32% respectively. The sales price is expected to be $40 per unit for the first three quarters and 546 per unit beginning in the fourth quarter Sales in the first quarter of...
Question 2 View Policies Current Attempt in Progress Par company is preparing its master budget for 2020 Relevant data pertannoits sales, production and direct materials budgets are as follows Swes, Sales for the year are expected to total 2,000,000 units Quarterly sales are 21%, 278,23 and 29% respectively. The sales price is expected to be $38 per unit for these three quarters and per unit beginning in the fourth quarter Sales in the first Carter of 2021 are expected to...
Pargo Company is preparing its budgeted income statement for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows.Sales. Sales for the year are expected to total 1,600,000 units. Quarterly sales are 21%, 27%, 25%, and 27%, respectively. The sales price is expected to be $41 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 11% higher than the budgeted sales for the first quarter of 2020.Production. Management...
Cullumber Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 2,000,000 units. Quarterly sales are 18%, 26%, 23%, and 33%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 15% higher...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
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...
Do It! Review 21-2 Your answer is partially correct. Try again. Pargo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in...
Your answer is partially correct. Try again Sheridan Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows Sales. Sales for the year are expected to total 1,100,000 units. Quarterly sales are 22%, 27%, 26%, and 25%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of...