Triple B, Inc. manufactures two models of speakers, Rumble and Thunder.Based on the following production and sales dates for April, prepare(1) a sales budget and(2) a production budget.RUMBLEEstimated inventory (units), April 11,000Desired inventory (units), April 30500THUNDER500100Expected sales volume (units)East Region10,00020,000West Region5,00010,000Unit sales price$100$50

The objective of the question is to prepare a sales budget and a production budget for Triple B,…

Answered: Triple B, Inc. manufactures two models…

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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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 750 300 Desired inventory (units), June 30 500 250 Expected sales volume (units): Midwest Region 12,000 3,500 South Region 14,000 4,000 Unit sales price $60 $90 a. Prepare a sales budget. Sonic Inc.Sales BudgetFor the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region fill in the blank 66157b067fe0fb1_1 $fill in the blank 66157b067fe0fb1_2 $fill in the blank South Region fill in the blank 66157b067fe0fb1_4 fill in the blank 66157b067fe0fb1_5 fill in the blank Total fill in the blank 66157b067fe0fb1_7 $fill in the blank Model: Thunder Midwest Region fill in the blank 66157b067fe0fb1_9 $fill in the blank…
please solve all requirements
Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale Northern Region unit sales 20,100 33,900 Southern Region unit sales 21,700 22,800 Total 41,800 56,700 The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,700 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 1,200 and 2,400 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound and 3 ounces of solution costing $3 per ounce. Desired inventory levels are: Jan. Feb. Mar. Beginning Inventory: Finished Goods 4,500 4,900 5,000 DM - Silicon 8,500 9,100 9,200 DM - Solution 11,200 12,000 13,000 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels. Cost per Pound Desired Ending Inventory DM per Unit Units to be Produced Pounds Needed for Production Required DM Pounds Beginning Inventory Total Cost of DM Purchase Total DM Required Using the information above, along with the terms…
Deacon Inc. produces leather shoes. The production budget for the next four months is: July 5350 units, August 6780, September 7360, October 8180. Each shoe requires 0.8 square meters of leather. Deacon Inc.'s leather inventory policy is 34% of next month's production needs. If the leather policy is met, what will the October inventory be? vi Question 2 of 5
The objectives of financial reporting include which of the following? a. Financial reporting should provide information ·a. that is comprehensibie to all potential investors. b. Financial reporting should provide information directly to potential investors about the nature, timing, and uncertainty of prospective cash dividends. c. Financial reporting should provide information that is useful to potential investors in making rational investment decisions. d. Financial reporting shouid provide information about an enterprise's economic resources bưt not about circumstances that change those resources.
Diane Buswell is preparing the 2022 budget for one of Current Designs' rotomolded kayaks. Extensive meetings with members of the sales department and executive team have resulted in the following unit sales projections for 2022. Quarter 1 1,300 kayaks Quarter 2 2,000 kayaks Quarter 3 950 kayaks Quarter 4 950 kayaks Current Designs' policy is to have finished goods ending inventory in a quarter equal to 25% of the next quarter's anticipated sales. Preliminary sales projections for 2023 are 1,100 units for the first quarter and 2,000 units for the second quarter. Ending inventory of finished goods at December 31, 2021, will be 325 rotomolded kayaks. Production of each kayak requires 44 pounds of polyethylene powder and a finishing kit (rope, seat, hardware, etc.). Company policy is that the ending inventory of polyethylene powder should be 20% of the amount needed for production in the next quarter. Assume that the ending inventory of polyethylene powder on December 31, 2021, is 21,800…
53) QMW Company manufactures two models of microcassette recorders, VCH and MTV. Based on the following production data for April of the current year, prepare a production budget for April. VCH MTV Estimated inventory (units), April 1 2,600 3,900 Desired inventory (units), April 30 5,200 3,250 Expected sales volume (units): Eastern zone 10,500 12,960 Midwest zone 17,000 19,800 Western zone 4,500 9,840 QMW Company Production Budget For Month Ending April 30, 2022 VCH MTV Total Production
Prepare the raw material purchases budget (in quantities) for 20x0.
Production and sales estimates for March for Robin Co. are as follows: Estimated inventory ( units), March 117,100 Desired inventory (units), March 31 19,700 Expected sales volume ( units): Area M 6,500 Area L 9,300 Area O 7, 100 Unit sales price $17 Budgeted production for March is a. 42, 600 b. 22,900 c. 59,700 d. 25,500
Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 18,000 Desired inventory (unit), March 31 19,600 Expected sales volume (units): Area M 6,100 Area L 8,800 Area O 7,700 Unit sales price $18 The number of units expected to be manufactured in March is a.24,200 b.22,600 c.42,200 d.60,200

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