Garfield Corporation expects to sell 1,600 units of its pet beds in March and 600 units in April. Each unit sells for $120. Garfield's ending inventory policy is 10 percent of the following month's sales. Garfield pays its supplier $30 per unit. Compute Garfield's budgeted purchases of pet beds for March. Total cost of budgeted purchases

Garfield Corporation expects to sell 1,600 units of its pet beds in March and 600 units in April. Each unit sells for $120. Garfield's ending inventory policy is 10 percent of the following month's sales. Garfield pays its supplier $30 per unit. Compute Garfield's budgeted purchases of pet beds for March. Total cost of budgeted purchases

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 19E: Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of...

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The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in the West region. The budgeted selling price is 25 per unit. The desired ending inventory on June 30 is 2,000 units, and the expected beginning inventory on June 1 is 3,000 units. Prepare the following: a. A sales budget for June. b. A production budget for June.
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Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 oz of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Â Prepare a sales budget, production budget. direct materials budget for silicon and solution, and a direct labor budget.
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