ABC Ltd. processes fresh fruits to produce canned fruit. The budgeted sales in July, August, September, October and November are 500, 600, 800, 600 and 700 tons of canned fruits, respectively. The budgeted selling price is $2,000 per ton of canned fruits. ABC Ltd. uses 2 tons of fresh fruits to produce 1 ton of canned fruits. The budgeted purchase price is $600 per ton of fresh fruits. The target ending of Inventories is 10% of the upcoming month inventories. a. Budgeted sales in dollar in Quarter 3 b. Budgeted quantity of canned fruits c. Budgeted units purchase of fresh fruits in Quarter 3 d. Budgeted cost of purchase fresh fruits in Quarter 3

ABC Ltd. processes fresh fruits to produce canned fruit. The budgeted sales in July, August, September, October and November are 500, 600, 800, 600 and 700 tons of canned fruits, respectively. The budgeted selling price is $2,000 per ton of canned fruits. ABC Ltd. uses 2 tons of fresh fruits to produce 1 ton of canned fruits. The budgeted purchase price is $600 per ton of fresh fruits. The target ending of Inventories is 10% of the upcoming month inventories. a. Budgeted sales in dollar in Quarter 3 b. Budgeted quantity of canned fruits c. Budgeted units purchase of fresh fruits in Quarter 3 d. Budgeted cost of purchase fresh fruits in Quarter 3

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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