Schedule 6B: Ending inventories budget F1@2(2). Calculate the ending inventories budget on December 31, 2020 (label it Schedule 6B). (Enter cost per unit amounts toSchedule 6B: Ending Inventories Budget December 31, 2020QuantityCost per unit☀WSDirect materialsDirect materials - MetalDirect materials - FabricTotal direct materialsFinished goodsF2Finished goods - KnoxFinished goods - AyerTotal finished goodsTotal ending inventoryX#380EF3D$4CDOODOOF4R178F%5VF5TGMacBook Air< 6F6YBTotal&7HF7UN*8JF81619F9KM F1@2(2). Calculate the ending inventories budget on December 31, 2020 (label it Schedule 6B). (Enter cost per unit amounts toSchedule 6B: Ending Inventories Budget December 31, 2020QuantityCost per unit☀WSDirect materialsDirect materials - MetalDirect materials - FabricTotal direct materialsFinished goodsF2Finished goods - KnoxFinished goods - AyerTotal finished goodsTotal ending inventoryX#380EF3D$4CDOODOOF4R178F%5VF5TGMacBook Air< 6F6YBTotal&7HF7UN*8JF81619F9KM

ENDING INVENTORY BUDGET Ending Inventory Budget is the Estimation of inventory Available at the…

B F D F Data table Target ending inventory in units Direct materials Metal Fabric Direct manufacturing labor Metal Fabric Direct manufacturing labor Machine setup overhead Target ending inventory $ S Print $ 17 per hour Machine setup overhead $170 per hour Knox 1,900 Product 4 per pound (same as in 2019) 5 per yard (same as in 2019) Knox Content of Each Product Unit Ayer 2 pounds 1.00 yard 0.15 hours 0.016 hours Direct Materials Ayer 900 Metal 16,000 pounds Done 3 pounds 3.00 yards 0.20 hours 0.03 hours Fabric 6,000 yards X

B F D F Data table Target ending inventory in units Direct materials Metal Fabric Direct manufacturing labor Metal Fabric Direct manufacturing labor Machine setup overhead Target ending inventory $ S Print $ 17 per hour Machine setup overhead $170 per hour Knox 1,900 Product 4 per pound (same as in 2019) 5 per yard (same as in 2019) Knox Content of Each Product Unit Ayer 2 pounds 1.00 yard 0.15 hours 0.016 hours Direct Materials Ayer 900 Metal 16,000 pounds Done 3 pounds 3.00 yards 0.20 hours 0.03 hours Fabric 6,000 yards X

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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ll. Subject Accounting
Perez Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that sells laser pointers over the Internet. Perez expects sales in January year 1 to total $210,000 and to increase 20 percent per month in February and March. All sales are on account. Perez expects to collect 68 percent of accounts receivable in the month of sale, 24 percent in the month following the sale, and 8 percent in the second month following the sale. Required Prepare a sales budget for the first quarter of year 1. Determine the amount of sales revenue Perez will report on the year 1 first quarterly pro forma income statement. Prepare a cash receipts schedule for the first quarter of year 1. Determine the amount of accounts receivable as of March 31, year 1. Complete this question by entering your answers in the tabs below. Prepare a sales budget for the first quarter of year 1.
Fill out a DL Budget, MOH Budget, and SG&A budget
Please do not give solution in image format thanku
The last budget to be prepared in the master budget Balance sheet Cash budget Income statement Selling and administrative expenses budget Group of answer choices 1 2 3 4
Required A Required B Prepare the pro forma income statement in contribution format that would appear in a flexible budget. SOLOMON MANUFACTURING COMPANY Pro Forma Income Statement Flexible Budget $ 0
Dd.1