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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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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