(ineed new answers)Q5. MN&M Corporation is preparing a budget for 2018. The company provides you with thefollowing details which will help you to prepare the budget: (4 Marks) (Chapter 10, Week 12) Budgeted selling price perunit = SAR 500 per unit Total fixed costs SAR 150,000 Variable costs = SAR 100 per unit Required: You are required=to prepare a flexible budget for 1,000, 1,100, 1,200 and 1,300 units.

Hello student! Flexible Budget is the expected budget for a certain level of activity. Costs and…

Answered: (ineed new answers)Q5. MN&M Corporation…

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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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $8,000 to start each quarter.Required:Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Prev Question 10 of 10 Total 10 of 10 Visit question mapThis is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next McGraw Hill
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this is actually a budgeting lesson. Beginning inventory 4.000 unit Ending inventory 3.500 unit The lack will be allocated to the 5 months (Jan, Feb, March, April dan May). Arrange production budget with a policy that accentuate production stability!
Hh2. Account
Am. 308.
B D. You will prepare a static master budget, budgeted financial statements and a flexible budget/variance analysis for Karry No Key, Inc. which will sell karaoke machines. 5 Assumptions: You plan to form Karry No Key on April 1 and expect the following: 6 1. Invest in exchange for stock 2. Purchase delivery truck with cash with $0 salvage value and expected useful life in years 9 3. Sales increase per month 100,000 60,000 8 10 2% Collections in month of sale 69% Collections of remainder in following month of sale 2 4. Desired ending inventory (% of next month's expected sales) Payments in month of purchase Payments of remainder in following month of purchase 5 5. Other operating expenses per month to be paid in month incurred 1 31% 20% 3 10% 4 90% 49,000 Requirement 1: Complete the Sales Budget and Cash Collections for April - June and the quarter in total using applicable assumptions above. Sales Budget April May June Total 1st Quarter April Sales in units 1960 Price per unit $ 98.00…
Part A: Use a spreadsheet to prepare a monthly personal budget to show the available surplus based on the following data. ➤ Monthly salary is QAR 14,600. ➤ Monthly rental expense is QAR 6,650. 19tn3. onidiol ➤ Food expenses are QAR 250 per week. ➤ Electricity is estimated to be QAR 50 per month. ➤ Ooredoo unlimited usage telephone plan is QAR 320 per month. Entertainment is estimated to be QAR 500 per week. ➤Clothing expenses are estimated to be QAR 5,000 per year. Fuel QAR 50 per week. ➤Insurance QAR 2,460 per year. ➤ Vehicle maintenance QAR 2,000 per year. ➤You decide that you must leave a budgeted surplus of QAR 1,000 per month to cover unexpected expenses.
You have been presented with the following information by the Budget Committee of the organization in which you work: Sales forecast January – April 2020 Details Study lamps Accent lights Expected selling price per unit $300 $500 Sales Volume forecast: January 2 000 units 1 000 units February 2 500 units 1 500units March 3 000 units 1 000 units April 2 000 units 1 200 units Additional information: (i) Beginning inventories: study lamps 300 units; accent lights 200 units. (ii) The ending inventory for each product at the end of each month is to be maintained at 20% of the budgeted sales for the next month. (iii) To make one study lamp, four (4) units of raw material lumber are used, while five (5) units of raw material aluminum are used to make one accent lights. Required: The Sales Budget for both products for January to March 2020. The Direct Material usage budget.
M3. Midland Company is preparing a cash budget for august. The company had $17,100 cash at the begining of August and anicipates $121,000 in cash receipts and $134,700 in cash payments during August. Midland company wants to maintain a minimum cash balance of $10,000. To mainatain the minimum cash balance of $10,000, the company must borrow.
Ma 1 Prepare a PLANNED BUDGET for the month of December 2022 for your imaginary company assuming any level of activity. Prepare a SUMMARY OF ACTUAL RESULTS for the month of December 2022 for your imaginary company assuming any level of activity different from planned level of activity. That means, if you prepare a planned budget for 1000 units, your actual results should be for more than or less than 1000 units. Prepare a FLEXIBLE BUDGET for the actual level of activity for the month of December 2022 for your imaginary company. Prepare a PERFORMANCE REPORT (by comparing actual results with flexible budget) and shows therein REVENUE AND SPENDING VARIANCES.
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