If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning inventory is 400 units, the number of units set forth in the production budget, representing total production for the current period, is оо a. 7,100 units b. 7,000 units c. 6,700 units d. 7,400 units
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- How many units are in beginning inventory if 32,000 units are budgeted for sales, 35,000 units are produced, and the desired ending inventory is 9,000 units?How many units are in beginning inventory if 35,000 units are budgeted for sales, 36,000 units are produced, and the desired ending inventory is 8,000 units? Number of units= ?The production budget shows that expected sales units are 47500. The total required units are 54000. What are the required production units? a. 9750 b. 13000 c. 6500 d. Cannot be determined from the data provided
- The Management Accountant of Kafululu Plc has prepared the following budget information for theyear ending 31st December 2022 for product A. Annual Fixed Costs K270,000.00 Variable costs per unit K90.00 Contribution to sales ratio(C/S) 75% Annual budget units 1,500 Required:a) Calculate the contribution per unit for Product A. b) Calculate the Unit Selling Price for Product A. c) Calculate the Break Even Point for Product A. d) Calculate the margin of safety in Units and in percentage terms. e) If the Selling Price per Unit is reduced by 10%, variable cost per Unit is increased to K100.00and Fixed costs remain unchanged, calculate:i. The new Breakeven Point. ii. The total units that should be sold in order to make a profit of K450,000 in 2020.(The production planner of a company forecasts the sales over the next six months as 180, 220 , 210, 190, 170, and 210 units, respectively. The beginning inventory is 100 units and the last monthly production level was 130 units. The unit costs are given as follows: Inventory holding cost is 90 TL per unit per month; production cost is 1150 TL per unit; production level increasing cost is 300 TL per unit; and production level decreasing cost is 400 TL per unit. The planner decides to use level strategy, where the monthly production level is determined equal to the average of net demand. What is the total cost (in TL) of the resulting plan? O a 1,246,350 O b. 1,347,450 O c. 1,412,850 O d. 1,391,100 O e. 1,278,600Nowlin Pipe & Steel has projected sales of 19,600 pipes this year, an ordering cost of $5 per order, and carrying costs of $1.60 per pipe. a. What is the economic ordering quantity? Economic ordering quantity b. How many orders will be placed during the year? Number of orders orders c. What will the average inventory be? Average inventory units units
- The followings are the budget for next financial year (1 January 2023 - 31 December 2023), indicating the average selling price and variable costs of each product category. The common fixed manufacturing overhead and the fixed non-manufacturing overhead costs are estimated to be $1,250,000 and $2,778,320 respectively. Table 1: Budget Jan - Dec 2023 Sales Quantity (in units) In $ Unit selling price Unit production cost Unit selling & admin variable costs (5% of selling price) In $ Revenue Variable Production Costs Selling & Admin Variable Costs Model 1 8,400 600 250 30 Folding Bike Model 2 7,500 400 180 20 Model 3 3,500 480 200 24 Electric Bike 800 2,000 850 100 Total 20,200 5,040,000 3,000,000 1,680,000 1,600,000 11,320,000 (2,100,000)| (1,350,000)| (700,000)| (680,000)| (4,830,000) (252,000) (150,000) (84,000) (80,000) (566,000) Q1. Based on the above budgeted information, calculate the expected breakeven units for the Model 2 folding bikes.Given the following information: Prior Year (Budget) Prior Year (Actual) Current Year (Budget) Current Year (Actual) Beginning Inventory (Units) 0 0 ? ? Sales (Units) 610,000 570,000 582,000 590,000 Manufactured (Units) 600,000 590,000 640,000 610,000 Selling Price ($/unit) 9.99 9.90 9.95 10.10 Variable Manufacturing Cost ($/unit) 4.93 4.93 4.96 4.96 Total Fixed Manufacturing Costs ($) 1,584,000 1,561,000 1,664,000 1,599,531 Variable Selling Cost ($/unit) 1.00 1.02 0.99 1.01 Total Fixed SG&A Costs ($) 360,000 363,000 356,850 348,000 Other information: The manufacturer uses FIFO (this is to make is easier to solve – weighted average would be a lot more difficult to solve) The manufacturer uses Standard Costing Required: Prepare an income statement for the Current Year based on Variable Costing. Prepare an income statement for the Current Year based on Absorption…Given the following information: Prior Year (Budget) Prior Year (Actual) Current Year (Budget) Current Year (Actual) Beginning Inventory (Units) 0 0 ? ? Sales (Units) 610,000 570,000 582,000 590,000 Manufactured (Units) 600,000 590,000 640,000 610,000 Selling Price ($/unit) 9.99 9.90 9.95 10.10 Variable Manufacturing Cost ($/unit) 4.93 4.93 4.96 4.96 Total Fixed Manufacturing Costs ($) 1,584,000 1,561,000 1,664,000 1,599,531 Variable Selling Cost ($/unit) 1.00 1.02 0.99 1.01 Total Fixed SG&A Costs ($) 360,000 363,000 356,850 348,000 Other information: The manufacturer uses FIFO (this is to make is easier to solve – weighted average would be a lot more difficult to solve) The manufacturer uses Standard Costing Required: Prepare an income statement for the Current Year based on Variable Costing. Prepare an income statement for the Current Year based on Absorption…
- A company has the following budget formula for annual electricity expense in its shop: Expense = P 7,200 + (PO.60 x units produced) If management expects to produce 200,000 units during March, the appropriate budget for electricity would be. 1. P 7,200 2. P 12,000 3. P 12,600 4. P 19,200 О1 04The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):1st Quarter 2nd Quarter 3rd Quarter 4th QuarterBudgeted unit sales ............................ 11,000 12,000 14,000 13,000The selling price of the company’s product is $18.00 per unit. Management expects to collect 65% of salesin the quarter in which the sales are made, 30% in the following quarter, and 5% of sales are expected to beuncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in thefi rst quarter, is $70,200.The company expects to start the first quarter with 1,650 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,850 units.Required:1. Prepare the company’s sales budget and schedule of expected cash…FreshPak Corporation manufactures two types of cardboard boxes used in shipping canned food, fruit, and vegetables. The canned food box (type C) and the perishable food box (type P) have the following material and labor requirements. Type of Box Direct material required per 100 boxes: Paperboard ($0.30 per pound) Corrugating medium ($0.15 per pound). Direct labor required per 100 boxes ($18.00 per hour). Indirect material Indirect labor Utilities Property taxes Insurance Depreciation. Total C $12,150 95,850 31,500 21,000 16,000. 33,500 $210,000 Total 40 pounds 30 pounds 0.25 hour The following production-overhead costs are anticipated for the next year. The predetermined overhead rate is based on a production volume of 400,000 units for each type of box. Production overhead is applied on the basis of direct-labor hours. The following selling and administrative expenses are anticipated for the next year. Salaries and fringe benefits of sales personnel. Advertising $115,500 23,500…