The Tiger Jungle Company produces two different styles of jeans, Waking Life and Slacker Life. The company's sales budget estimates that 420,000 of the Waking Life jeans and 239,000 of the Slacker Life jeans will be sold during the year. The company begins with 15,500 pairs of Waking Life and 11,500 pairs of Slacker Life. The company desires ending inventory of 17,000 of Waking Life and 8,500 of Slacker Life. Prepare a production budget for the year. TIGER JUNGLE COMPANY Production Budget For the Year Ending December 31, 20Y9 Waking Life Slacker Life Expected to be Plus inventory Total Less inventory Total to be

The Tiger Jungle Company produces two different styles of jeans, Waking Life and Slacker Life. The company's sales budget estimates that 420,000 of the Waking Life jeans and 239,000 of the Slacker Life jeans will be sold during the year. The company begins with 15,500 pairs of Waking Life and 11,500 pairs of Slacker Life. The company desires ending inventory of 17,000 of Waking Life and 8,500 of Slacker Life. Prepare a production budget for the year. TIGER JUNGLE COMPANY Production Budget For the Year Ending December 31, 20Y9 Waking Life Slacker Life Expected to be Plus inventory Total Less inventory Total to be

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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Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall kiosks throughout the Pacific Northwest. Shamrock is in the process of budgeting for the coming year and has projected sales of $360,000 for January, $440,000 for February, $600,000 for March, and $640,000 for April. Shamrock's desired ending inventory is 55 percent of the following month's cost of goods sold. Cost of goods sold is expected to be 45 percent of sales. Required: Compute the required purchases for each month of the first quarter (January through March). January Required Purchases February March
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Two questions in image Please answers ?
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Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,600 snowboards and 6,600 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 156,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 4,100 snowboards and 4,600 pounds of carbon fiber in inventory. Carbon fiber costs $21 per pound. Each snowboard requires 0.5 hour of direct labor at $26 per hour. Variable overhead is budgeted at the rate of $14 per direct labor hour. The company budgets fixed overhead of $1,788,000 for the quarter.
Jadara Company produces t- shirts from fabric. It has an inventory of 37,500 units of t- shirts on hand at December 31 and has estimated an inventory of 42,000 units of t-shirts at the end of the succeeding quarter. The company has prepared a sales budget of 275,000 units of t-shirts for a 3-month period. The company has an inventory of 85,750 yards at December 31 and has a target ending inventory of 57,000 yards at the end of the succeeding quarter. One unit of t- shirt needs 2.5 yards. How many yards of direct materials (fabric) should Jadara purchase during the 3 months ending March 31?
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