Production Budget Mary's Coffee Shop has to compute for the sales budget of the operation from the January to March 2019. The shop offers flavored coffee: cappuccino, mocha, latte and brewed coffee which are sold at P75.00, P72.00, P80.00 and P60.00 per serving (in cups) respectively. The following data shows anticipated volume of sales (in cups) during the first quarter. Item January March February Cappuccino 150 200 195 100 120 90 80 110 115 175 150 180 Mocha Latte Brewed Act Go Prepare the monthly schedule of production budget of Mary's Coffee Shop. The inventory of the shop is estimated as follows. Item Ending Inventory (units) Cappuccino Mocha Latte Brewed Ending and beginning inventory are expected to increase by 2% and 1% for the month of February and March respectively. Use table to show your answer. 50 25 15 40 Beginning Inventory (units) Item Units to be sold Add: Desired ending inventory Total Less: Beginning inventory Units to be produced Compute the production budget for the month of January to March. January M А ABCD 60 50 с 25 50 February N E F G H March O I J K L

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
Write only the amount needed. Do not write Peso sign or P to indicate peso value. Use the PARENTHESES symbol () to denote negative values. Use comma (if necessary) when writing values. Round off your final answer to the nearest whole number. Please answer everything ASAP. I really need help
Problem Set 2. Production Budget
Production Budget
Mary's Coffee Shop has to compute for the sales budget of
the operation from the January to March 2019. The shop
offers flavored coffee: cappuccino, mocha, latte and brewed
coffee which are sold at P75.00, P72.00, P80.00 and P60.00
per serving (in cups) respectively. The following data shows
anticipated volume of sales (in cups) during the first quarter.
Item
January
March
February
Cappuccino
150
200
195
Mocha
100
120
90
Latte
80
110
115
Brewed
175
150
180
26
11 M.
A.
28
29
N.
30. Answer to cell E.
31. Answer to cell F.
32. Answer to cell G.
33. Answer to cell H.
34. Answer to cell O.
35. Answer to cell I.
36. Answer to cell J.
37. Answer to cell K.
38. Answer to cell L.
Act
Go
Prepare the monthly schedule of production budget of Mary's
Coffee Shop. The inventory of the shop is estimated as
follows.
Item
Ending
Beginning
Inventory (units) Inventory (units)
Cappuccino
Mocha
Latte
Brewed
Ending and beginning inventory are expected to increase by
2% and 1% for the month of February and March
respectively. Use table to show your answer.
50
25
15
40
Compute the production budget for the month of January to March.
Item
Units to be sold
Add: Desired ending inventory
Total
Less: Beginning inventory
Units to be produced
60
50
25
50
January
M
A
B
February
N
E
F
G
H
March
O
I
J
Transcribed Image Text:Problem Set 2. Production Budget Production Budget Mary's Coffee Shop has to compute for the sales budget of the operation from the January to March 2019. The shop offers flavored coffee: cappuccino, mocha, latte and brewed coffee which are sold at P75.00, P72.00, P80.00 and P60.00 per serving (in cups) respectively. The following data shows anticipated volume of sales (in cups) during the first quarter. Item January March February Cappuccino 150 200 195 Mocha 100 120 90 Latte 80 110 115 Brewed 175 150 180 26 11 M. A. 28 29 N. 30. Answer to cell E. 31. Answer to cell F. 32. Answer to cell G. 33. Answer to cell H. 34. Answer to cell O. 35. Answer to cell I. 36. Answer to cell J. 37. Answer to cell K. 38. Answer to cell L. Act Go Prepare the monthly schedule of production budget of Mary's Coffee Shop. The inventory of the shop is estimated as follows. Item Ending Beginning Inventory (units) Inventory (units) Cappuccino Mocha Latte Brewed Ending and beginning inventory are expected to increase by 2% and 1% for the month of February and March respectively. Use table to show your answer. 50 25 15 40 Compute the production budget for the month of January to March. Item Units to be sold Add: Desired ending inventory Total Less: Beginning inventory Units to be produced 60 50 25 50 January M A B February N E F G H March O I J
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education