Required: glored. 00. nidam aillim olgmoo Using Schedule 1 as your guide, prepare a schedule of expected cash collections from sales, 1. to vilidaliavs b by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? EXERCISE 8–2 Production Budget L08-3 Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the nay four months as follows: qlan nig Unit Sales oism oq April.... May .. June.... 50,000 bo 75,000 lloe be 90,000 .00A88 80,000 lo iben o ao wol July ... The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month s unit sales. The inventory at the end of March was 5,000 units. Required: Using Schedule 2 as your guide, prepare a production budget by month and in total, for the second quarter. bottle of Mink Caress, a very popular perfume made eted pro- EXERCISE 8–3 Direct Materials Budget LO8-4
Required: glored. 00. nidam aillim olgmoo Using Schedule 1 as your guide, prepare a schedule of expected cash collections from sales, 1. to vilidaliavs b by month and in total, for the second quarter. 2. What is the accounts receivable balance on June 30th? EXERCISE 8–2 Production Budget L08-3 Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the nay four months as follows: qlan nig Unit Sales oism oq April.... May .. June.... 50,000 bo 75,000 lloe be 90,000 .00A88 80,000 lo iben o ao wol July ... The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month s unit sales. The inventory at the end of March was 5,000 units. Required: Using Schedule 2 as your guide, prepare a production budget by month and in total, for the second quarter. bottle of Mink Caress, a very popular perfume made eted pro- EXERCISE 8–3 Direct Materials Budget LO8-4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Required:
glored.
00.
nidam aillim olgmoo
Using Schedule 1 as your guide, prepare a schedule of expected cash collections from sales,
1.
to vilidaliavs b
by month and in total, for the second quarter.
2.
What is the accounts receivable balance on June 30th?
EXERCISE 8–2 Production Budget L08-3
Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the nay
four months as follows:
qlan
nig
Unit Sales
oism oq
April....
May ..
June....
50,000
bo
75,000 lloe be
90,000 .00A88
80,000 lo
iben
o ao
wol
July ...
The company
is now in the process of preparing a production budget for the second quarter. Past
experience has shown that end-of-month inventory levels must equal 10% of the following month s
unit sales. The inventory at the end of March was 5,000 units.
Required:
Using Schedule 2 as your guide, prepare a production budget by month and in total, for the second
quarter.
bottle of Mink Caress, a very popular perfume made
eted pro-
EXERCISE 8–3 Direct Materials Budget LO8-4
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