Production and sales estimates for May for the Cardinal Co. are as follows: Estimated inventory (units), May 1 18,400 Desired inventory (units), May 31 19,500 Expected sales volume (units): Area W 6,400 Area X 8,500 Area Y 7,300 Unit sales price $17.00 The number of units expected to be sold in May is Oa. 13,700 Оb. 19,980 Oc. 22,200 Od. 26,640

Production and sales estimates for May for the Cardinal Co. are as follows: Estimated inventory (units), May 1 18,400 Desired inventory (units), May 31 19,500 Expected sales volume (units): Area W 6,400 Area X 8,500 Area Y 7,300 Unit sales price $17.00 The number of units expected to be sold in May is Oa. 13,700 Оb. 19,980 Oc. 22,200 Od. 26,640

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

Assume a company's estimated sales for January, February, and March are 41,000 units, 42,000 units, and 40,000 units, respectively. The company always maintains ending finished goods inventory equal to 15% of next month's unit sales. What is the required production in units for January? Multiple Choice 41,150 units 47,300 units 40,850 units 41,850 units
3. Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July - 3,000 units August – 4,000 units The company mentioned that finished units equal to the half the sales of the next month will be in stock at the end of each month. Estimate the production for July 2021. A. 3500 units B. 6,500 units c. 2,500 units D. None of these
A company had the following purchases during its first year of operations: January |May September October Purchases 6 units at $28 10 units at $ 22 12 units at $ 25 What is the weighed average cost per unit On May? Round your answer to 2 decimal places. Sales 16 units at $ 50
Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May 1 19,900 Desired inventory (units), May 31 19,400 Expected sales volume (units): Territory W 6,500 Territory X 8,600 Territory Y 7,500 Unit sales price $17.00 The number of units expected to be sold in May is a.14,000 b.20,340 c.22,600 d.27,120
Month Total Sales January February March April May June R550 000 R500 000 R480 000 R400 000 R425 000 R600 000 Cash Sales amount to 25% of the total sales. Collections of the credit sales are as follows: 40% in the month of sale and is a subject to a 4% discount 30% one month after the month of sale 28% two months after the month of sale The remainder is uncollectable Solly Limited inventory requirements are equal to 30% of the next months sales. The purchases' terms of payment require a down payment of 45% and the balance is payable 30 days thereafter. July's total sales are expected to be R620 00. Solly Limited had a bank overdraft of R150 000 on 1 May 2016. Required Prepare a acash budget for Solly Limited for the Month of May and June 2016.Show all your calculations.
rm.3
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 Desired inventory (units), July 31 Expected sales volume (units), July For each unit produced, the direct materials requirements are as follows: 3.0 lbs. 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production is Oa. $1,170,000 for A: $702,000 for B Ob. $1,080,000 for A: $1,296,000 for B Oc. $1,125,000 for A: $675,000 for B Od. $1,080,000 for A: $648,000 for B Material A ($5 per lb.) Material B ($18 per lb.) 8,500 10,500 76,000
Production and sales estimates for June for Cardinal Co. are as follows: Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): Territory X Territory Y Territory Z Unit sales price 20,000 19,000 7,000 4,000 5,500 $20 The number of units expected to be manufactured in June is O a. 11,000 units O b. 13,500 units O c. 15,500 units Od. 12,500 units
Production Cost Demand Max Production Month A 12 000 1000 4000 B 12500 4500 3500 C 13250 6000 4000 D 14250 5500 4500 A. How many machines are produced on the Month D B. What is the ending inventory at the end of Month F? C. What month will the company incur the least total production cost? E 14000 3500 4000 F 13000 4000 3500
What is National’s estimated annual usage in units?
Q1: Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 18,000 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound, 3 ounces of solution costing $3 per ounce, and 30 minutes of direct labor at a labor rate of $18 per hour. Desired inventory levels are: Jan. Feb. Mar. Beginning Inventory: Finished Goods 4,500 4,900 5,000 DM - Silicon 8,500 9,100 9,200 DM - Solution 11,200 12,000 13,000 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Budgeted Costs Desired Ending Inventory Sales Price per Unit Expected Sales (units) Required Production Purchases Required Beginning Inventory Total Sales Revenue Total Required Units Using the information above, along with the terms above, prepare a sales budget and a production budget for the first two months of 2019…
Rmn.2