Solve this accounting question problem ABC Company manufactures one product with the followingdata:Expected sales (units)January February March April10,000 11,000 12,100 13,310Beginning inventory (units) 3,000The company requires to have ending inventory equal to 30%of the next month sales in units.The purchases in units needed for March are:1. 10,0002. 10,3003. 11,3304. 12,463

Hello student! To determine the purchase in units for the month of March, we have: a. The expected…

Answered: ABC Company manufactures one product…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 2CMA

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Sterling Corporation has an EOQ of 5,000 units. The company uses an average of 500 units per day. An order to replenish the part requires a lead time of five days. Required: 1. Calculate the reorder point, using Equation 20.3. 2. Graphically display the reorder point, where the vertical axis is inventory (units) and the horizontal axis is time (days). Show two replenishments, beginning at time zero with the economic order quantity in inventory. 3. What if the average usage per day of the part is 500 units but a daily maximum usage of 575 units is possible? What is the reorder point when this demand uncertainty exists?
Production and sales estimates for May for the Cardinal Co. are as follows: Estimated inventory (units), May 1 18,400 Desired inventory (units), May 31 19,500 Expected sales volume (units): Area W 6,400 Area X 8,500 Area Y 7,300 Unit sales price $17.00 The number of units expected to be sold in May is Oa. 13,700 Оb. 19,980 Oc. с. 22,200 Od. 26,640
Assume a merchandising company’s estimated sales for January, February, and March are $101,000, $121,000, and $111,000, respectively. Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 10% of next month’s cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $29,700 $33,740 $36,300 $30,900
Requested general account answer
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 Desired inventory (units), March 31 Expected sales volume (units): Territory M Territory L Territory O Unit sales price 18,000 21,600 7,000 8,000 9,000 $15 The number of units expected to be manufactured in March is a. 27,600 units Ob. 24,000 units c. 27,000 units Od. 21,600 units
FOLLOW General Account Requirements
Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 18,300 Desired inventory (unit), March 31 19,700 Expected sales volume (units): Area M 7,000 Area L 8,500 Area O 8,000 Unit sales price $18 The number of units expected to be manufactured in March is a.23,500 b.24,900 c.61,500 d.43,200
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Production and sales estimates for May for the Finneaty Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 19,300 Expected sales volume (units): Area W 4,200 Area X 7,000 Area Y 9,000 Unit sales price $15 The number of units expected to be sold in May is:
Cullumber Company sells one product. Presented below is information for January for Cullumber Company. Nov. 1 Inventory 300 units at $ 12 each 5 Purchase 180 units at $ 13 each 10 Sale 410 units at $ 19 each 15 Purchase 410 units at $ 12.50 each 21 Sale 430 units at $ 20 each Purchase 400 units at $ 12.80 each Cullumber uses the FIFO cost flow assumption. All purchases and sales are on account. 30
What is the required ending inventory for January? Cost Account
Assume a manufacturing company,s estimated sales for january,febuar and march are 1,00,000 , 1,20,000 , 1,10,000 respectively.the cost of goods sold is always 40 % of its sales.the company always maintains ending merchandise inventory equal to 10%of next motn cost of goods sold.it pays for 25% of its merchandise purchase in the month of the purchase and remaining 75%in the subsequent month .What is the account payable balance at the end of febuary? please proper explantion thnx

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