Edward Co. manufactures leather briefcases and carryalls. Edward's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Edward maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March April May June Budgeted production 51000 44700 61000 63700 58900 How many yards of leather fabric will Edward budget to purchase in May? Select answer from the options below 76440 75000 62250 94110

Edward Co. manufactures leather briefcases and carryalls. Edward's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Edward maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March April May June Budgeted production 51000 44700 61000 63700 58900 How many yards of leather fabric will Edward budget to purchase in May? Select answer from the options below 76440 75000 62250 94110

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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Magnolia, Inc., manufactures bedding sets. The budgeted production is for 22,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,970 yards with the desired ending balance of 4,500 yards of material. If the material costs $6.50 per yard, determine the materials budget for the year.$fill in the blank 1
(The following information applies to the questions displayed below.] Shadee Corporation expects to sell 600 sun shades in May and 800 in June. Each shade sells for $180. Shadee's beginning and ending finished goods inventories for May are 75 and 50 shades, respectively. Ending finished goods inventory for June will be 60 shades. Required: 1. Determine Shadee's budgeted total sales for May and June, 2. Determine Shadee's budgeted production in units for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine Shadee's budgeted total sales for May and June Budgeted Total Sales May Juna
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Eliot Sprinkler Systems produces equipment for lawn irrigation. One of the parts used in selected Eliot equipment is a specialty nozzle. The budgeting team is now determining the purchase requirements and monthly cash disbursements for this part. Eliot wishes to have in stock enough nozzles to use for the coming month. On August 1, the company has 16,800 nozzles in stock, although the latest estimate for August production indicates a requirement for only 15,000 nozzles. Total uses of the nozzle are expected to be 14,700 in September and 15,540 in October. Nozzles are purchased at a wholesale price of $8. Eliot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Eliot purchased 21,000 parts in July. Required: a. Estimate purchases of the nozzle (in units) for August and September. b. Estimate the cash disbursements for nozzles in August and September.
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