peciaity soup sold ih jars. Selling 222,000 Jars coming year are as follows: year given in the preceding table. Austen has a policy that the ending inventory of jars must be 30% · quarter's sales. Total sales Number of jars revenue sold Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter total. t quarter.... $ 185,000 152,500 d quarter... $ 211,000 180,500 d quarter... $ 257,000 210,000 n quarter... $ 193,000 160,000 apare the production budget by first calculating the total units needed, then calculate the units to produce.

peciaity soup sold ih jars. Selling 222,000 Jars coming year are as follows: year given in the preceding table. Austen has a policy that the ending inventory of jars must be 30% · quarter's sales. Total sales Number of jars revenue sold Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter total. t quarter.... $ 185,000 152,500 d quarter... $ 211,000 180,500 d quarter... $ 257,000 210,000 n quarter... $ 193,000 160,000 apare the production budget by first calculating the total units needed, then calculate the units to produce.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Edward Food Processing Company is a wholesale distributor of biscuits in Holborn.The Company has achieved steady growth over the past few years while Biscuitprices have been on the increase. The Company is planning its budget for the nextfinancial year. Presented below are the data used to project the current year’s aftertax income of £110,400. Average Sales Price per Box 4.00Average variable costs per Box Cost of Biscuits 2.00 Profit on sale 0.40 Total 2.40Annual fixed cost Selling 160,000 Administrative 280,000 Total 440.000Expected annual sales volume (390,000 boxes) £1,560,000Tax rate 20%Biscuit manufacturers have announced that they will increase prices of theirproducts by an average of 15% in the coming year due to increase in material andlabour costs. Edward Food Processing expects same rates or levels as the currentyear. (a) Calculate Break-even point in boxes of biscuits for the current year. (b) Calculate the Sales price per box that the company must charge to cover the15%…
dont provide handwriing solution...
Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. NOTE: Enter amounts rounded to the nearest whole dollar. Quarter 1 Quarter 2 Quarter 3 Expects Sales in Units Sales Price per Unit Expects Sales in Dollars S $50 SA $50 $ 69 $50 Quarter 4 $50 $ 60 TOTAL $50
Data Trevor Cycles manufactures chainless bicycles. On March 31, Trevor Cycles had 206 bikes in inventory. The company has a policy that the ending inventory in any month must be 20% of the following month's expected sales. Trevor Cycles expects to sell the following number of bikes in each of next four months: View the data. Prepare a production budget for the second quarter, with a column for each month and for the quarter. Trevor Cycles Production Budget For the Months of April through June April.. 1,030 bikes April May June Quarter May 1,170 bikes les 1030 1170 1390 1270 206 234 278 254 June.. 1,390 bikes esired ending inventory July 1,270 bikes eeded 1236 1404 1668 4308 206 206 234 646 Beginning inventory 1030 1198 1434 3662 o produce Print Done
please answer do not image format
2. Muddy Waters Industries has projected sales of its product for the next 6 months: 300 units January February 700 units March 1,000 units April Мay 1,000 units 400 units June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April
Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units in quarter 1 and a 5% Increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. Round final answers to nearest whole dollar. Navigator Sales Budget For the Year Ending Dec. 31, 20XX Quarter 1 Quarter 2 Quarter 3 Quarter 4 8 Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total
Kindly help
Preston anticipates selling 223,000 jars with total sales revenue of $267,000 in the first quarter of the year following the year given in the preceding table. Preston has a policy that the ending inventory of jars must be 20%of the following quarter's sales. Requirement :Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. Preston Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold 1st quarter. . . . $186,000 153,000 2nd quarter. . . $210,000 181,500 3rd quarter. . . $252,000 211,000 4th quarter. . . $192,000 160,000
Hello, can I get some help with this? Hopefully before 2 hours, thank you
Please help me with show all calculation thanku