Humboldt, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July Budgeted cost of goods sold April $37,500 May $34,000 June $30,000 July $45,000 Humboldt had a beginning inventory balance of $1,800 on April 1 and a beginning balance in accounts payable of $7,400. The company desires to maintain...
E6-34 (similar to) Health World is a retail store selling home oxygen equipment. Health World also services home oxygen equipn due to a recent advertising campaign. The forecast of sales and service revenue for March-June 2018 is as fc (Click the icon to view the forecast of sales and service revenue.) (Click the icon to view the coll Read the...
Campbell, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July April $68,000 July $94,000 June Мay $78,000 $88,000 Budgeted cost of goods sold Campbell had a beginning inventory balance of $3,200 on April 1 and a beginning balance in accounts payable of $14,200. The company desires to maintain...
a) LimeLemon Inc. is a manufacturer of athletic wear for running and yoga. They sell premium athletic pants. LimeLemon Inc. has a March 30 year end. Estimated sales information for the upcoming fiscal year are as follows: Month Sales in Units Sales Price April 440 May June 520 480 510 300 $75/unit $75/unit $90/unit $85/unit $85/unit July August Prepare the...
Rooney, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. April $71,000 May $81,000 June $91,000 July $97,000 Budgeted cost of goods sold Rooney had a beginning inventory balance of $3,900 on April 1 and a beginning balance in accounts payable of $14,000. The company desires to maintain...
You have been asked to prepare the monthly cash budget for June and July for the Merchandise and Mercantile Company. The company sells a unique product that is specially made for it by a major product manufacturer. The selling price is $18.00 per unit. All sales are on account. Merchandise purchases are also on account. The policy of the company...
Rooney, Inc. sells fireworks. The company's marketing director developed the following cost of goods sold budget for April, May, June, and July. Budgeted cost of goods sold April $72,000 May $82,000 June $92,000 July $98,000 Rooney had a beginning inventory balance of $3,700 on April 1 and a beginning balance in accounts payable of $14,100. The company desires to maintain...
Cash Budget The controller of Sonoma Housewares Inc. Instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget Information: May June July Sales Manufacturing costs $86,000 34,000 15,000 $90,000 39,000 16,000 $95,000 44,000 22,000 Selling and administrative expenses Capital expenditures - 80,000 The company expects to sell about 10% of...
Artec Company is its product for $190 per unit is actual and budgeted sales follow April (actual) May (actual) 7,500 1,300 .000 6,500 Dollars $1,425,000 342.000 1.140,000 1,235,000 July hodgeted) budgeted) August (budgeted) 5.900 7 41.000 All sales are on Credit Recent experience shows that 24% of credit ses collected in the month of the sale 46% in the month...
Help Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow April (actual) May (actual) June (budgeted) July (budgeted) August (budgeted) 4,000 2.000 5.000 4.000 4,000 Dollars $ 640,000 320,000 800,000 799,000 640,000 All sales are on credit. Recent experience shows that 26% of credit sales is collected in the month of the sale, 44%...