Problem 4-8 (Algo) Production requirements [LO4-2] Sales for Gonzalez Pro's Sports Equipment are expected to be 53,000 units for the coming month. The company likes to maintain 20 percent of unit sales for each month in ending inventory. Beginning inventory is 15,000 units. How many units should the firm produce for the coming month? Answer is complete but not entirely correct. Units to be produced 45,100 X

Problem 4-8 (Algo) Production requirements [LO4-2] Sales for Gonzalez Pro's Sports Equipment are expected to be 53,000 units for the coming month. The company likes to maintain 20 percent of unit sales for each month in ending inventory. Beginning inventory is 15,000 units. How many units should the firm produce for the coming month? Answer is complete but not entirely correct. Units to be produced 45,100 X

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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Question 6 Oriole Company is planning to sell 1100 boxes f ceramic tile, with production estimated at 970 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.75 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $19 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Oriole has 3100 pounds of clay mix in beginning inventory and wants to have 5000 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? O40780 O 44580 O50300 O 42680
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Exercise 13-26 (Algo) Estimate Sales Revenues (LO 13-3) Larson, Inc., manufactures backpacks. Last year, it sold 105,000 of its basic model for $20 per unit. The company estimates that this volume represents a 30 percent share of the current market. The market is expected to increase by 10 percent next year. Marketing specialists have determined that as a result of new competition, the company’s market share will fall to 25 percent (of this larger market). Due to changes in prices, the new price for the backpacks will be $17 per unit. This new price is expected to be in line with the competition and have no effect on the volume estimates. Required: Estimate Larson’s sales revenues from this model of backpack for the coming year.
137 Exercise 4-24 The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market rescarch department prepared the following sales forecast for the coming year, 2021. High-speed Printers Electronic Typewriters 170,000 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 10% 25% P3,000 P5,000 The sales force submitted the following estimates: High-speed Printers 2,400 6,000 3,600 12,000 Electronic Typewriters Luzon 3,600 Visayas Mindanao 8,400 3,000 15,000 Total To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount…
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Please answer questions 4A-D & 5
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Problem 4-7 (Algo) Sales projections [LO4-2] Dodge Ball Bearings had sales of 14,000 units at $40 per unit last year. The marketing manager projects a 25 percent increase in unit volume sales this year with a 5 percent price decrease (due to a price reduction by a competitor). Returned merchandise will represent 7 percent of total sales. What is your net dollar sales projection for this year? Net sales
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