Q6- Benjamin Company has the following data: Budgeted Sales $108,000 132,000 144,000 120,000 Month January February March April Cost of goods sold average 60% of sales. The inventory at December 31 was $19,440. Desired ending inventory levels are 20% of next month's sales at cost. What is the desired ending inventory value at February 28? C-1laina oolog budget for the last
Q6- Benjamin Company has the following data: Budgeted Sales $108,000 132,000 144,000 120,000 Month January February March April Cost of goods sold average 60% of sales. The inventory at December 31 was $19,440. Desired ending inventory levels are 20% of next month's sales at cost. What is the desired ending inventory value at February 28? C-1laina oolog budget for the last
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q6
Transcribed Image Text:Contribution margin ratio
60%
70%
Required:
1. Prepare Income statement for the company.
2. Calculate break-even point in dollars.
Q5- Amber Manufacturing provided the following information for last
month:
Sales
Variable costs
Fixed costs
$20,000
6,000
9,000
Operating income $5,000
If sales double next month, what is the projected operating income?
Q6- Benjamin Company has the following data:
Budgeted Sales
$108,000
132,000
144,000
120,000
Month
January
February
March
April
Cost of goods sold average 60% of sales. The inventory at December 31
was $19,440. Desired ending inventory levels are 20% of next month's
sales at cost. What is the desired ending inventory value at February
28?
Q7- Downstairs Company has the following sales budget for the last
six months of 2010:
July
August
September
October
$100,000
80,000
110,000
80,000
100,000
94,000
November
December
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