3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units August – 4,000 units The company mentioned that finished units equal to the half the sales of the next month will be in stock at the end of each month. Estimate the production for July 2021. A. 3500 units B. 6,500 units c. 2,500 units D. None of these

3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units August – 4,000 units The company mentioned that finished units equal to the half the sales of the next month will be in stock at the end of each month. Estimate the production for July 2021. A. 3500 units B. 6,500 units c. 2,500 units D. None of these

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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Production and sales estimates for June for Cardinal Co. are as follows: Estimated inventory (units), June 1 20,000 Desired inventory (units), June 30 19,000 Expected sales volume (units): Territory X 7,000 Territory Y 4,000 Territory Z 5,500 Unit sales price $20 The number of units expected to be manufactured in June is a. 12,500 units b. 13,500 units c. 11,000 units d. 15,500 units
Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be the total cost in August if the company produces 415 units? Periods Total Cost 21,410 No.of Units 210 January February 22.140 240 22,875 23,295 23,620 23,830 24,350 March 275 295 April May 310 June 320 July 350 Select one: O a. 25715 O b. 25050 c. 26250 O d. 23360
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Two articles A and B are manufactured in a department. Sales for the year 2021 were planned as follows: Product 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter (Units) (Units) (Units) (Units) Product 50,000 60,000 65,000 75,000 A Product 25,000 22,500 20,000 19,000 B Selling price were sh. 40 per unit for A and sh. 20 per unit for B respectively. Average sales return is 5 % of sales. What is the annual sales budget for the year 2021? Select one: Sh 11,730,000 O Sh 11,143,500 Sh 9,500,000 O Sh 10,750,000
PROVIDE Answer with calculation
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Production and saies estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,700 Desired inventory (unit), March 31 19,100 Expected sales volume (units): Area M 6,500 Area L 8,300 Area O 7,900 Unit sales price $13 The number of units expected to be manufactured in March is Ob. 41,800 OC 22.700 Od. 24,100
The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 August September October November December R320 000 R330 000 R325 000 R340 000 R410 000 Additional information: Cash sales comprise 40% of total sales. These customers are entitles to a 4% discount. Credit sales are collected as follows: 40% in the month of sale – these customers get a 2% discount 55% in the month after the sale 5% is written off as bad debts Credit sales for August will total: O A. R125 440 B. R192 000 O C. R128 000 O D. R320 000
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