Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 20,000 Expected sales volume (units): Area M 6,700 Area L 9,700 Area O 8,000 Unit sales price $16 The number of units expected to be manufactured in March is

Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 20,000 Expected sales volume (units): Area M 6,700 Area L 9,700 Area O 8,000 Unit sales price $16 The number of units expected to be manufactured in March is

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterC: Cases

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Problem 1C

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Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,800 Desired inventory (unit), March 31 19,300 Expected sales volume (units):    Area M 6,100    Area L 8,800    Area O 7,800 Unit sales price $12 The number of units expected to be manufactured in March is
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory (units), March 1 18,000 Desired inventory (units), March 31 19,100 Expected sales volume (units):    Area M 7,000    Area L 9,100    Area O 7,400 Unit sales price $14 The number of units expected to be manufactured in March is
Production and sales estimates for May for the Finneaty Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 19,300 Expected sales volume (units):   Area W 4,200   Area X 7,000   Area Y 9,000 Unit sales price $15 The number of units expected to be sold in May is:
Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for August production is a.225,000 lbs. of A; 37,500 lbs. of B b.216,000 lbs. of A; 72,000 lbs. of B c.234,000 lbs. of A; 39,000 lbs. of B d.216,000 lbs. of A; 36,000 lbs. of B
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for July production is a.216,000 lbs. of A; 72,000 lbs. of B b.216,000 lbs. of A; 36,000 lbs. of B c.225,000 lbs. of A; 37,500 lbs. of B d.234,000 lbs. of A; 39,000 lbs. of B
Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is a. $1,080,000 for A; $648,000 for B b. $1,080,000 for A; $1,296,000 for B O Od. $1,170,000 for A; $702,000 for B C. $1,125,000 for A; $675,000 for B
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…
Production estimates for December are as follows: Estimated inventory (units), December 1 12,000 Desired inventory (units), December 31 9,000 Expected sales volume (units), December 75,000 For each unit produced, the direct materials requirements are as follows: Direct material A ($5 per lb.) 3 lbs. Direct material B ($15 per lb.) 1/2 lb. The total direct materials purchases of materials A and B required for December production is _____. a. $1,080,000 for A; $540,000 for B b. $1,125,000 for A; $562,500 for B c. $1,260,000 for A; $630,000 for B d. $1,170,000 for A; $585,000 for B
KCO, SRL anticipates the following sales in the given months: March 42,000 units April 59,000 units May 49,000 units June 55,000 units July 52,000 units Company policy is to maintain an ending finished goods inventory equal to 50% of the following month's sales. On the basis of this information, how many units would the company plan to produce in May?
MAXI Co. has the following information: *Projected sales for four (4) months are as follows: July-20,000 units; August -35,000 units ; September-25,000; October-30,000. Sales price per unit is $180 *Plans are to have a finished goods inventory end equal to 20% of the unit sales for next month. There was 4,000 units in beginning inventory on July 1. *Three (3) kilos of materials are required per unit produced. Every kilo of material is $20. Raw material inventory must be equal to 30% of the next month's needs . Desired ending inventory for September is 25,200 kilos and beginning inventory was 20,700 kilos. *Each unit requires 0.60 hours of direct labor and the average wage rate is $16 per hour. *Variable overhead rate is $3.50 per direct labor hour. There is also a fixed overhead of $22,000 per month. *The company pays 3% commission on sales. *Company has a monthly fixed and selling expenses as follows: Rent-$6,000 ; Utilities-$1,200 ; Advertising-$400: Office Salaries-$35,000.…
JKL & Company had 3,000 units in finished-goods inventory on December 31. The following data are available for the upcoming year: January February Units to be produced 9,400 10,200 Desired ending finished-goods inventory 2,500 2,100 The number of units the company expects to sell in January is:
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Estimated inventory (units), March 1	17,500
Desired inventory (unit), March 31	20,000

Expected sales volume (units):
Area M	6,700
Area L	9,700
Area O	8,000
Unit sales price	$16