Production budgetHealthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales regionare as follows:BathGymScale ScaleWestern Region unit sales25,700 34,90027,800 29,20053,500 64,100Eastern Region unit salesTotalThe finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,400 and 2,500 units, respectively. The desired finishedgoods inventory for January 31 for the Bath and Gym scale models is 1,000 and 2,700 units, respectively.Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted ornegative numbers use a minus sign.Healthy Habits Inc.Production BudgetFor the Month Ending January 31Line Item Description Units Bath Scale Units Gym ScaleTotal units availableTotal units to be produced

Production budget is the statement which is prepared by the entity for the purpose of determining…

Answered: Healthy Habits Inc. produces a Bath…

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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Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound and 3 ounces of solution costing $3 per ounce. Desired inventory levels are: Jan. Feb. Mar. Beginning Inventory: Finished Goods 4,500 4,900 5,000 DM - Silicon 8,500 9,100 9,200 DM - Solution 11,200 12,000 13,000 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels. Cost per Pound Desired Ending Inventory DM per Unit Units to be Produced Pounds Needed for Production Required DM Pounds Beginning Inventory Total Cost of DM Purchase Total DM Required Using the information above, along with the terms…
Please calculate LIFO perpetual system and Average cost, perpetual systemFerris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: "Includea purchase price and cost of freight. 8,000 units were on hand at the end of the month. Please show work. Directions are at the top to find LIFO, perpetual system and Average cost, perpetual system. Units Unit Cost Purchased Sold Balance
Required information [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 640 sun shades in May and 330 in June. Each shade sells for $141. Shadee's beginning and ending finished goods inventories for May are 90 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 100 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $14 per unit produced. Additional information: • Selling costs are expected to be 8 percent of sales. • Fixed administrative expenses per month total $1,400. Required:…
Yorkley Corporation plans to sell 41,000 units of its single product in March. The company has 2,800 units in its March 1 finished-goods inventory and anticipates having 2,400 completed units in inventory on March 31. On the basis of this information, how many units does Yorkley plan to produce during March?
Production and sales estimates for June for Cardinal Co. are as follows: Estimated inventory (units), June 1 20,000 Desired inventory (units), June 30 19,000 Expected sales volume (units): Territory X 7,000 Territory Y 4,000 Territory Z 5,500 Unit sales price $20 The number of units expected to be manufactured in June is a. 12,500 units b. 13,500 units c. 11,000 units d. 15,500 units
[The following information applies to the questions displayedbelow.]Shadee Corp. expects to sell 630 sun visors in May and 410 inJune. Each visor sells for $24. Shadee’s beginning and endingfinished goods inventories for May are 75 and 45 units,respectively. Ending finished goods inventory for June will be 60units.!Each visor requires a total of $4.00 in direct materials that includes an adjustableclosure that the company purchases from a supplier at a cost of $1.50 each. Shadeewants to have 31 closures on hand on May 1, 23 closures on May 31, and 20 closureson June 30 and variable manufacturing overhead is $1.75 per unit produced.Suppose that each visor takes 0.80 direct labor hours to produce and Shadee paysits workers $8 per hour.Additional information:Selling costs are expected to be 8 percent of sales.Fixed administrative expenses per month total $1,300.Required:Complete Shadee's budgeted income statement for the months of May and June.(Note: Assume that fixed overhead per unit is…
Olympia Productions Incorporated makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for March is 2,000 medallions. Estimated beginning inventories and desired ending inventories for March are as follows: (Assume 18 inches = 0.5 yards) Estimated Beginning Medallions Ribbon (yards) Inventory 1,100 70 Desired Ending Inventory 750 23 Required: a. Calculate the number of medallions to be produced in March. b. Calculate the number of yards of ribbon to be purchased in March. a. Number of medallions produced b. Number of yards of ribbon purchased
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Production and saies estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,700 Desired inventory (unit), March 31 19,100 Expected sales volume (units): Area M 6,500 Area L 8,300 Area O 7,900 Unit sales price $13 The number of units expected to be manufactured in March is Ob. 41,800 OC 22.700 Od. 24,100
Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 258 70 Desired inventory (units), June 30 296 61 Expected sales volume (units): North Region 3,250 3,650 South Region 5,200 4,500 Unit sales price $95 $185 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Unit Total Sales Selling Sales Volume Price Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Units Units Model Model Rumble Thunder Expected units to be sold Total units required Total units to be produced

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