Selling price were sh. 40 per unit for A and sh. 20 per unit for B respectively. Average sales return is 5 % of sales. What is the annual sales budget for the year 2021?
Q: 1. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted…
A: The sales budget makes the company competent to manage its resources effectively and earn the…
Q: What is the breakeven point in revenues for 2018 if the additional $16,500 is spent for advertising?
A: Break-even point is a situation of no profit and no loss. The total cost of the product is equal to…
Q: Byanong prepares the cash budget for the month of November 2022. Estimates for the month include the…
A: Cost of goods sold = Sales x (1 - gross profit rate) = P250000 x (1 - 0.50) = P125,000
Q: The accountant of Turn Key (Pty) Ltd instructs you to prepare a monthly cash budget for August. You…
A: Cash Budget shows the expected inflows and outflows of cash in a particular time period, which then…
Q: Rak Sarang Corporation expects to sell 5,000 units in the first year, followed by a 300-unit…
A: Particulars Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Forecasted sales (units)…
Q: 1- Expected monthly sales in 2022: June 100000, July 80000, August 60000, September 100,000, October…
A: Cash Budget - A cash budget is a financial plan created to determine the projected cash balance at…
Q: Current Designs 9 (Part Level Submission) Diane Buswell is preparing the 2020 budget for one of…
A: Labor Budget - It is used to calculate for the number of labor hours that will require to produce…
Q: Assume that we have the following estimations of the sales units for the 2024 sales, and that there…
A: Calculation of Cash sales, Cash purchase and Cash wages
Q: Avani Goldcoast Sdn. Bhd. is estimating its need for funds for the second and third quarter of the…
A:
Q: The data shown were obtained from the financial records of Italian Exports, Inc., for March:…
A: The budgeted income statement will be prepared by the company to arrive at the profit or loss for…
Q: Pearl Poodle Grooming is preparing a budgeted income statement for 2021. Predicted sales for the…
A: Formula: Net Income = Revenues - expenses Deduction of expenses from revenues called Net Income.
Q: Use the information provided below to prepare the Pro-Forma Statement of Comprehensive Income for…
A: Statement of Comprehensive Income is a part of financial statements in which the standard income and…
Q: ompany’s budgeted sales and cost of sales for the coming year are P72 million and P45 million…
A: Solution: Inventory Turnover ratio = Cost of goods sold/ Average Inventory 9 = 45,000,000/Average…
Q: The sales and profit for two years are as below: Sales Profit 2020 60000 17000 2021 90000 32000…
A: The break-even point is the point at which the total sales of the company are equal to the total…
Q: 1. assume that coke budget for a 10% increase in sales over fiscal year 2019. what would budgeted…
A: The sales budget is a kind of operating budget that helps in estimating the units that will be sold…
Q: Develop your enterprise budgeting policy for the second quarter of 2022 and prepare your cash budget…
A: The budgeting policy for maintaining and preparing cash budget is based on the duration of the…
Q: ABC company Bhd provides the falowing inf armation in respect of its 3-month cash budget for the…
A: Minimum balance = Ending balance + Finance taken to maintain a minimum balance
Q: Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC…
A: EBIT: EBIT stands for Earnings before interest and tax. EBIT is calculated after adding the interest…
Q: What is the annualized investment rate % on a Treasury bill that you purchase for 9310 that will…
A: Value at the maturity (F) = 9533 Purchase price (P) = 9310 n = 91 days
Q: Your company forecasts that next year's sales will be $59.00 million, Cost of Goods Sold (COGS) will…
A: Accounts payables are calculated by multiplying days payables outstanding with the cost of goods…
Q: Assume that the company expects to have sales increase by 20%, what will be the resulting change in…
A: This problem relates to leverage analysis. Degree of Operating Leverage measures the percentage…
Q: The budget of a company for next period shows that it would breakeven at a sales value of GHC800000…
A: The break even sales are the sales where business earns no profit no loss.
Q: Shown below are the totals from 2025 period budgets. Revenue budget…
A: Financial forecasting is the process of estimating or predicting how a business will perform in the…
Q: Explain why budgeting is important?
A: Budgeting refers to the procedure of determining how much amount of money the company or person need…
Q: Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC…
A: EBIT stands for Earning before interest and tax refer to the earnings after deducting all the…
Q: A company has the following budgeted sales in each quarter of the year 2024: Expected Sales Q1 Q2 Q3…
A: An essential component of strategic decision making is the budget. They support the process of…
Q: Compute budgeted net income for the year 2020. Rombus tires preparing a budgeted income statement…
A: The net income is calculated as difference between sales and total expenses.
Q: 2. AB Company's budgeted sales and cost of sales for the coming year are P72 million and P45 million…
A: Inventory turnover=Cost of goods soldAverage inventory9=P45,000,000Average inventoryAverage…
Q: Shalom Company prepared its 2023 manufacturing overhead budget to produce Product Peace. Variable…
A: The Manufacturing Overhead Budget is the budget prepared to estimate and forecast the expenses…
Q: Department Company Annual Budget 410,400 2,640,000 Monthly Spend (so far this month) 15,760 172,490
A: Any item can be expressed in terms of percentage as follows.Percentage = (Amount Spending x 100) /…
Q: Data are as follows: In year 2020, sales are 150,000 units with Selling price per unit of 10 and VC…
A: The contribution margin is calculated as difference between sales and variable costs. The operating…
![Two articles A and B are manufactured in a
department. Sales for the year 2021 were planned as
follows:
Product
1st
2nd
3rd
4th
Quarter Quarter Quarter Quarter
(Units) (Units) (Units) (Units)
Product 50,000 60,000 65,000 75,000
A
Product 25,000 22,500 20,000 19,000
B
Selling price were sh. 40 per unit for A and sh. 20 per
unit for B respectively. Average sales return is 5 % of
sales. What is the annual sales budget for the year
2021?
Select one:
Sh 11,730,000
O Sh 11,143,500
Sh 9,500,000
O Sh 10,750,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb502ef85-41e9-403a-865d-ccc6eb209782%2Fe3c3af5b-e7b6-40c9-b16d-71a4e8763f6d%2Fh9i53g4_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 4 steps with 4 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Ram Ltd. provides you the following figures for the year 2017. Sales (in units): Product A Product B Ist Quarter 1,250 1,600 IInd Quarter 2,950 800 IIIrd Quarter 2,700 1,000 IVth Quarter 3,100 600 Selling price per unit Rs. 24 Rs. 50 Targets for 2018: Sales quantity increase (decrease) (20%) 25% Selling price increase (decrease) 25% (20%) Sales area X, Y and Z respectively produce 10%, 20%, 70% of Product ‘A’ sales and 70%, 20% and 10% of Product ‘B’ sales. Prepare a sales budget for 2018.Target Level of Endil с. 2. Given the following information, estimate the quarterly production in 2016. 450 000 units a. Inventories, December 31, 2015 b. Projected Quarterly Sales and Target Level of Ending Inventories in 2016: Target Level of Ending Inventories Quarter Projected Sales 500 000 Quarter 1 Quarter 2 Quarter 3 Quarter 4 3 500 000 4 500 000 500 000 5 000 000 1000 000 8 000 000 550 000 Requirements: Determine the production for each quarter in 2016. a. b. How many units are expected to be produced in 2016? С. How many units are expected to be sold in 2016?The following data are available for X Corp in Year 2020:
- Abu Industries developed the following information for the product it sells: Sales price Variable cost of goods sold RM50 per unit RM28 per unit Fixed cost of goods sold Variable selling expense Variable administrative expense Fixed selling expense Fixed administrative expense RM650,000 10% of sales price RM2.00 per unit RM400,000 RM300,000 For the year ended 31 December 2020, Hasanah produced and sold 100,000 units of product. Required: (a) Illustrate a CVP income statement using the contribution margin format for Abu Industries for 2020. (b) Give the FIVE (5) basic components of CVP Analysis.Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: Line Item Description S12L7 S12L5 First quarter, 20Y1 800 1,300 Second quarter, 20Y1 2,200 1,400 Third quarter, 20Y1 5,600 5,300 Fourth quarter, 20Y1 4,600 3,900 First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: Question Content Area 1. Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer. Stillwater Designs Sales Budget For the Year Ended December 31, 20Y1 Line Item Description 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year S12L7: Units Units Units Units Units Units Price $Price $Price $Price $Price $Price Sales $Sales $Sales $Sales…Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and sell 49,300 units at a price of 12.50 each. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Total selling expense is projected at 26,000, and total administrative expense is projected at 134,000. Required: 1. Prepare an income statement in good form. Be sure to include the percent of sales column. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Explain how management might react.
- The required production of Libra Manufacturers for October 2024 is 10 000 units of Product A. Each unit requires two kilograms of materials. The manufacturer desires an inventory of 2 000 kilograms of materials on 31 October 2024 but expects to have an inventory of 1 400 kilograms on 01 October 2024. How many kilograms of materials should be purchased? O A. 20 000 OB. 20 600 O C. 19 400 OD. 10 600Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…
- Collected these information from Bell Telecom Company (Egypt) producing 3 products"E" ,"F", and "G" for the year 2022:First: Sales:- Estimated sales "E" 11,000,000 EGP "F" 8,400,000 EGP "G" 7,380,000 EGP- Sales price/unit 440 EGP 420 EGP 410 EGPSecond: Production and Inventory (finished goods):- Total estimated sales units for product (E) will allocate for first quarter, second quarter,third quarter, and fourth quarter by equally.- For calculating of ending inventory of Finished Goods (F.G.) of product (E), 1/4 of salesunits of the next quarter are used except the fourth quarter 4/4 of sales units of the samequarter.- Ending inventory of Finished Goods (F.G.) for first quarter = 1250 units for product (E).- Beginning inventory of Finished Goods (F.G.) for first quarter = 2300 units for product (E).- Ending inventory of Finished Goods (F.G.) for product (F) and (G) 1/4 of sales units.- Inventory 31/12/2021 for product (F) and (G) are 1600 and 1100 units, respectivelyThird: Raw materials…Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income taxPlease help answer required a and b with solution
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)