137Exercise 4-24The Sonia Company has two product lines, high-speed printers andelectronic typewriters. The company's market research department preparedthe following sales forecast for the coming year, 2021.Electronic Typewriters170,000High-speed PrintersIndustry's total sales forecastCompany's share in the marketSales price per unit25%P3,000P5,000%3DThe sales force submitted the following estimates:Electronic TypewritersHigh-speed Printers2,400uoznIVisayas8,400Mindanao3,600Total15,000To establish an acceptable forecast, the budget director averages the twoestimates. The resulting forecast is then broken down by territories in the sameratio as reflected in the estimates of the sales forecast.REQUIRED:1. Prepare a sales budget by sales territory and by product lines for the year2021. Use the following format:Sonia CompanySales BudgetFor the Year Ending Dec. 31, 2021Electronic TypewritersHigh-speed PrintersUnitsAmountUnitsAmountLuzonVisayasMindanaoTotal

Sales Forecast is the commencement of Budgeting and hence sales budget assumes primary importance.…

137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. Electronic Typewriters 170,000 High-speed Printers Industry's total sales forecast Company's share in the market Sales price per unit P3,000 P5,000 The sales force submitted the following estimates: Electronic Typewriters High-speed Printers 2,400 8,400 6,000 3,600 12,000 Visayas Mindanao 3,000 Total 15,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. Electronic Typewriters 170,000 High-speed Printers Industry's total sales forecast Company's share in the market Sales price per unit P3,000 P5,000 The sales force submitted the following estimates: Electronic Typewriters High-speed Printers 2,400 8,400 6,000 3,600 12,000 Visayas Mindanao 3,000 Total 15,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Q.4 Standard cost systems provide companies with a number of advantages, argue the statement. Following are the details of Abbass Industries for the period ended June 30, 2020. Company establish standard on its normal capacity of 120,000 units/hours in a year: Direct Material 600,000 kgs at Rs. 9 per kg Direct Labor 4 hours per unit at Rs. 6 per hour Factory overhead: Fixed cost Rs. 240,000 per year or Rs. 20,000 per month. Variable Cost Rs. 4.50 per hour. During the one month of operation, company produced 11,000 units. Direct material used: 60,500 kgs at Rs. 9.10 per kg Direct labor used:…
Question 1 BARTELS Limited expects to sell 8,200 mobile phones this year. The cost of placing an order from its supplier is GH¢200. Each phone costs GH¢600, and carrying costs are 20% of the purchase price. Currently, they order 250 mobile phones at a time. They are however not sure if this is efficient. You have been tasked to help. a. Provide them with an optimal order quantity (round to the nearest whole) b. What savings will accrue to BARTELS Ltd as a result of the switch? c. Based on the EOQ, how many order cycles will BARTELS have for the year? d. If daily demand is 20 mobile phones with a lead time of 2 days and safety stock of 20 phones, what is the Reorder point for Cool Ltd?
#17 A company operates 25 days a month. The standard output per worker per day is 40 units. The company is using an exact demand strategy in its production plan. If the demand for next month is 20,000 units, how many workers that the company required to meet the demand? Answer A 500 workers 8 20 workers C 800 workers 2014 - 2022 Chat With Us ENG 928 AM US 2/22/2022
CVP Analysis of Multiple Products Steinberg Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Steinberg expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows: Regular Model Deluxe Model Total Sales $14,400,000 $12,060,000 $26,460,000 Less: Variable costs 8,640,000 7.236,000 15,876,000 Contribution margin $5,760,000 $4,824,000 $10,584,000 Less: Direct fixed costs 1,200,000 960,000 2,160,000 Segment margin $4,560,000 $3,864.000 $8,424,000 Less: Common fixed costs 1,485,600 Operating income $6,938,400 Required: 1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit. Regular models X units Deluxe models X units
60
REQUIREMENT NUMBER 4&5
Question 17 You are contemplating leaving your full-time employment to concentrate your ability on the marketing of a new low-energy portable heater. You have spoken to a group of manufacturers of similar product, and you have produced the following data based upon the production of 1200 heaters in the six months to December 31, 2021. R R Unit selling price 160 Less: Direct materials 50 Direct labour 30 Fixed Overheads: Admin 4.00 Rent 7.50 Rates…
0 out of 3 points Alpha Industries manufactures and sells two models of watches, Prime and Delox. It expects to sell 5,200 units of Prime and 1230 units of Delox in 2023. The following estimates are given for 2023: Question 17 Selling price Direct materials Direct labour Prime $180 35 150 Manufacturing overhead 82 122 Alpha had an inventory of 330 units of Prime and 131 units of Delox at the end of 2022. It has decided that as a measure to counter stock outages it will maintain ending inventory of 380 units of Prime and 214 units of Delox in the current year. Selected Answer: 82,592 Delox $550 65 60 Each Delox watch requires one unit of Crimpson and has to be imported at a cost of $16. There were 121 units of Crimpson in stock at the end of 2022. The management does not want to have any stock of Crimpson at the end of 2023. Compute the dollar amount budgeted for purchase of Crimpson in 2023.
Ma3.
QUESTION 21 Kelly Inc. forecasts that production will require 20,000 tons of material over its planning period (250 days). Demand for Kelly's products is stable over time. Ordering costs amount to an average of $5 per order. Holding costs are estimated at $1.25 per ton of material. The EOQ is tons, and the total annual cost of inventory is a. 500; $400 b. 250; $400 c. 400; $250 d. 400; $500
fast answer
second requirement fast please