Hawaiian Breeze Limited forecasts its sales in units for the next four months as follows: March April May June 11,000 13,000 10,500 9,000 Hawaiian Breeze maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $14,500 per month. Dividends of $20,500 are to be paid in May. Ten thousand units were produced in February. a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced Units produced Materials Labour Fixed overhead Dividends Hawaiian Breeze Limited Production Schedule March Total cash payments. 11000 39000 33000 b. Complete a summary of cash payments for March, April, and May. February April Hawaiian Breeze Limited Cash Payments $ 13000 31500 29000 $ March $ May 10500 27000 27000 April $ June 9000 May
Hawaiian Breeze Limited forecasts its sales in units for the next four months as follows: March April May June 11,000 13,000 10,500 9,000 Hawaiian Breeze maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $14,500 per month. Dividends of $20,500 are to be paid in May. Ten thousand units were produced in February. a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced Units produced Materials Labour Fixed overhead Dividends Hawaiian Breeze Limited Production Schedule March Total cash payments. 11000 39000 33000 b. Complete a summary of cash payments for March, April, and May. February April Hawaiian Breeze Limited Cash Payments $ 13000 31500 29000 $ March $ May 10500 27000 27000 April $ June 9000 May
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
Fi
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education