03v2.cengagenow.com/mm/takeAssignment/takeAssignmentMain.do?inprogress=trueClasswork 01-03eBook2. Prepare a production budget for March.Peaky Blinders Furniture CompanyProduction BudgetFor the Month Ending March 31<Line Item DescriptionThomas UnitsPolly UnitsExpected units to be soldPlus desired inventory, March 311,000 V450TotalLess estimated inventory, March 1Total units to be producedFeedbackCheck My WorkExpected units to be sold plus desired ending inventory minus estimated beginning inventory equals units produced.3. Prepare a direct materials purchases budget for March.Peaky Blinders Furniture CompanyDirect Materials Purchases BudgetFor the Month Ending March 31Direct Materials:Fabric (sq. yds.) Wood (lineal ft.) Filler (cu. ft.) Springs (units) TotalRequired units for production:Check My WorkQ Searchhp516 486&008U6693PreviousDprt sc.deletehomebackspace

Here is the production budget and direct materials purchases budget for Peaky Blinders Furniture…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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g eBook Show Me How Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in 5-gallon drum containers. Planned production in units for the first 3 months of the coming year is: January 43,800 February 41,000 March 50,250 Each drum requires 5.5 gallons of chemicals and one plastic drum container. Company policy requires that ending inventories of raw materials for each month be 15% of the next month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of one gallon of chemicals is $2.00. The cost of one drum is $1.60. Required: 1. Calculate the ending inventory of chemicals in gallons for December of the prior year, and for January and February. What is the beginning inventory of chemicals for January? Round your answers to the nearest whole gallon. Ending inventory for December 36,135 V gallons Ending inventory for January 33,825 gallons Ending Inventory for February 41,457 X gallons Beginning…
eBook Question Content Area Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,500 March 13,000 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2 $4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the…
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ome * CengageNOWv2 | Online teachin x keAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress=false Production Budget Pasadena Candle Inc. projected sales of 51,000 candles for January. The estimated January 1 inventory is 2,000 units, and the desired January 31 inventory is 6,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted ar negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Month Ending January 31 Expected units to be sold 51,000 Desired ending inventory, January 31 Total units available Estimated beginning inventory, January 1 2,000 Total units to be produced in January
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ndow Help mework.pdf Aa v Question 5 You have been recently hired as general manager of Lucky's. It is September 1, and you must prepare the operating budget of this establishment for the first quarter of the upcoming calendar year, and submit it to the corporate office. Since you have been at the operation for only a month or so, you must rely solely on historical data. You gather sales reports and records for the months of January through August of the current year. Using the data provided, prepare the operating budget for Lucky's for the months of January through March of the upcoming year. Here is the information you determined from the most recent sales and costs records: Sales are 10 percent higher than those of the same month during the previous year. Food cost percentage is steady at 32 percent. Fixed labor costs are steady at $9,000 per month. Variable labor costs are 15 percent of sales. Occupancy costs will remain steady at $2,000 per month. Other controllable costs are…
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