Solve questions 3 , 4 and 5 with steps please. The subject is Managerial Accounting. 3. Majan Company expects sales of Product G to be 30,000units in April, 40,000 units in May and 50,000 units inJune. The company desires that the inventory on hand atthe end of each month be equal to 30% of the nextmonth's expected unit sales. Due to excessive productionduring March, on March 31 there were 20,000 units ofProduct G in the ending inventory. Majan Company'sproduction of Product G for the month of May shouldbe:A. 25,000 unitsB. 30,000 unitsC. 35,000 unitsD. 33,000 units4. Al Maha Company makes collections on sales accordingto the following schedule:10% in the month of sale50% in the month following sale40% in the second month following saleThe following sales are expected:Expected SalesJanuaryFebruary$80,000$100,000March$120,000Cash collections in March should be budgeted to be:A. $113,000B. $90,000C. $94,000D. $96,0005. Which of the following is not a benefit of budgeting?A. It sets some standards to evaluate performance.B. It uncovers drawbacks of department performanceC. It reduces the need to track the actual cost activity.D. It formalizes a manager's planning efforts.

Budgeting means where standard is set for various activities and department , then actual is…

3. Majan Company expects sales of Product G to be 30,000 units in April, 40,000 units in May and 50,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 30% of the next month's expected unit sales. Due to excessive production during March, on March 31 there were 20,000 units of Product G in the ending inventory. Majan Company's production of Product G for the month of May should be: A. 25,000 units B. 30,000 units C. 35,000 units D. 33,000 units

3. Majan Company expects sales of Product G to be 30,000 units in April, 40,000 units in May and 50,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 30% of the next month's expected unit sales. Due to excessive production during March, on March 31 there were 20,000 units of Product G in the ending inventory. Majan Company's production of Product G for the month of May should be: A. 25,000 units B. 30,000 units C. 35,000 units D. 33,000 units

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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