7. Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production 90,000 108,000 96,000 Factory Supplies 144,612 170,712 153,312 Januar February March If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be? a.130,500 b.151,040 с. 136,300 d. 150,412

7. Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production 90,000 108,000 96,000 Factory Supplies 144,612 170,712 153,312 Januar February March If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be? a.130,500 b.151,040 с. 136,300 d. 150,412

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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7. Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production Factory Supplies 144,612 170,712 153,312 Januar February March 90,000 108,000 96,000 If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be? a.130,500 b.151,040 с. 136,300 d. 150,412
Down Under Products, Limited, of Australla has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 58,000 75,000 98,000 84,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month Inventory levels must equal 15% of the following month's unit sales. The Inventory at the end of March was 8,700 units. Required: Prepare a production budget by month and in total, for the second quarter. Budgeted unit sales Total needs Required production in units Down Under Products, Limited, Production Budget April 0 0 May 0 0 June 0 0 Quarter 0 0
Masters Corporation provided their production budget for the next quarter: Units to be produced Desired Finished Goods Inventory 151,600 148,400 178,400 April 138,800 130,000 30,000 How many units is the company expecting to sell in the month of May? May Please explain what formula you used 150,000 28,400 June 142,000 31,600
FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months are as follows: January February March April May 16250 units 16950 units 17200 units 18350 units 17900 units The selling price per unit is $15. Determine the total budgeted sales for the month of March. O $195.500 O $200,900 $238,550 O $258,000
XYZ Company is preparing its direct materials budget. Budgeted production for January, February, March, and April are 5000 units, 7000 units, 6500 units, and 8000 units, resp finished product, three kilograms of direct materials are needed. Direct materials inventory at the beginning of any month should be 20% of that month's production needs. Ea the company $20. What is the total cost of direct materials to be purchased in February? Select one: O a. $372,600 O b. 5351,900 Oc $393,300 O d. $414,000 O e. None of the given answers
A company provides the following information from its original planning budget, and for its actual results for the month of April: Budgeted Fixed Selling Costs: $101,000 Budgeted Sales Volume: 30,000 units Actual Fixed Selling Costs: $93,000 Actual Sales Volume; 31,000 units If the company creates a Flexible Budget for April, what amount should they list for fixed selling costs on the flexible budget? (Round to the nearest dollar.)
Bonita Industries is preparing its direct labor budget for May. Projections for the month are that 31400 units are to be produced and that direct labor time required is three hours per unit. If the labor cost per hour is $15, what is the total budgeted direct labor cost for May? O $1345500. O $2025000. O $1413000. O$1379250.
Fillmore, Inc., expects sales of its housing for electric motors to be $82,000, $72,000, and $89,000 for January, February, and March, respectively. Its variable selling and administrative expenses are 11 percent of sales, and fixed selling and administrative expenses are $14,000 per month. Compute Fillmore's selling and administrative expense budget for January, February, and March. Budgeted selling and administrative expenses January February March
Ironton Products has a production budget as follows: May, 19,000 units; June, 22,000 units; and July, 27,000 units. Each unit requires 2.5 labor hours at $10 per hour. What would be the budgeted direct labor cost for June? A. $675,000 B. $220,000 C. $55,000 D. $550,000
3) Ehrlich Manufacturing Corporation manufactures and sells wooden puzzles. Expected puzzle sales at Ehrlich (in units) for the next three months are as follows: January February March budgeted unit sales: 27,000 25,000 30,000 Ehrlich likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales. How many puzzles should Ehrlich plan on producing during the month of February? Show your calculations.
o Flexible Budgeting) Meadow Company produces hand tools. A sales budget for the next four months is as follows: March 10,300 units, April 13,900 units, May 16,900 units, and June 21,700 units. Meadow Company's ending finished goods inventory policy is 15% of the following month's sales. March 1 beginning inventory is projected to be 1.545 units. How many units will be produced in March? Multiple Choice 10.300 10.840 13,900 Help Save & Exit Submit 9,760