### Weightless Inc. Production and Sales Overview**Product Versions:** Bath and Gym Electronic Scales**Anticipated Unit Sales by Region**:| Territory | Bath Scale Sales | Gym Scale Sales ||--------------|------------------|-----------------|| East Region | 55,000 | 30,000 || West Region | 95,000 | 60,000 || **Total** | **150,000** | **90,000** |**Inventory Details:**- **Estimated Finished Goods Inventory (as of October 1):** - Bath Scales: 18,000 units - Gym Scales: 10,000 units- **Desired Finished Goods Inventory (for October 31):** - Bath Scales: 13,500 units - Gym Scales: 9,000 units**Task:** Prepare a production budget for Bath and Gym scales for the month ending October 31.

Production Budget :— This budget is prepared to estimate the number of units to be produced during…

Answered: 2. Weightless Inc. produces a Bath and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lens Junction sells lenses for $44 each and is estimating sales of 15,000 units in January and 19,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $16 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,700 4,700 5,200 Direct materials: silicon 8,400 9,000 9,100 Direct materials: solution 11,300 12,100 13,100 Question Content Area Prepare a sales budget. Lens JunctionSales BudgetFor the Two Months Ending February 28, 20XX January February Expected Sales (Units) fill in the blank e3844e01cfa6fde_1 fill in the blank e3844e01cfa6fde_2 Sales Price per Unit $fill in the blank e3844e01cfa6fde_3 $fill in the blank e3844e01cfa6fde_4 Total Sales Revenue $fill in the blank e3844e01cfa6fde_5 $fill in the blank e3844e01cfa6fde_6 Total $fill in the blank e3844e01cfa6fde_7…
! Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 640 sun shades in May and 360 in June. Each shade sells for $161. Shadee's beginning and ending finished goods inventories for May are 60 and 40 shades, respectively. Ending finished goods inventory for June will be 65 shades. Each shade requires a total of $55.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to I have 120 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles. Budgeted Cost of Poles Purchased May June
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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 13,900 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 amount of material on hand on January 1. The direct labor used per unit of…
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Lens Junction sells lenses for $43 each and is estimating sales of 15,000 units in January and 19,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $14 per hour. Desired inventory levels are: Jan. 31 Feb. 28 Mar. 31 Beginning inventory Finished goods 4,300 4,900 4,900 Direct materials: silicon 8,400 9,100 9,300 Direct materials: solution 11,000 11,800 12,900
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