Two products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 8000 10000 11000 14000 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for A and OMR 30 for B respectively. Average sales return are 5% of Sales and 10% increase in selling price in each quarter compared to previous one. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 3 for Product A? Select one: a. 252890 O b. 219600 C. 185600 O d. 254050

Two products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 8000 10000 11000 14000 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for A and OMR 30 for B respectively. Average sales return are 5% of Sales and 10% increase in selling price in each quarter compared to previous one. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 3 for Product A? Select one: a. 252890 O b. 219600 C. 185600 O d. 254050

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Al-Morooj Co. has the following sales forecasts for its hip waders next year: First Quarter 8500 unitsSecond Quarter 7% increase over first quarterThird Quarter 5% decrease from first quarterFourth Quarter 5% decrease over first quarter Required:Calculate the Al-Morooj's estimated sales in units for next year.
Jules company as we know produces two (2) products, GK320 and GK340. The following sales forecast for both products was decided on for the financial year January 1, 2020 to December 31, 2020: Details Q1 Q2 Q3 Q4 Total GK320 6,500 5,200 5,500 4,000 21,200 GK340 4,800 4,600 4,500 3,700 17,600 Notes: (a) The company planned to sell both GK320 and GK340 for $50 each. (b) The sales forecast for the first quarter of 2021 is 5,900 units of GK320 and 4,000 units of GK340. (c) The closing stock level for both products at the end of each quarter is to be held at a level equal to twenty percent (20%) of the budgeted sales for the next quarter. (d) At the start of 2020 there were in stock 1,200 units of GK320 and 950 units of GK320. (e) To make one unit of GK320 four (4) units of raw material A are required, while six (6) units of raw material B are required to make one unit of GK340. The cost of raw material A is $20 per unit, while the…
Products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: (In Units) Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 A 5000 7000 10000 8000 4000 6000 8000 5000 Selling price were OMR 10 per unit for A and OMR 20 per unit for B respectively. Average sales return are 10% of Sales and there is 20% increase in selling price every quarter. According to these revised estimates, which of the following is estimated Sales (OMR) in Quarter 4 for Product B? Select one: O a. OMR 124416 O b. OMR 155520 O c. None of the option O d. OMR 100000
Violet Sales Corp, reports the year-end information from 2023 as follows: Sales (35,500 units) $284,000 Cost of goods sold 105,000 Gross margin 179,000 Operating expenses 152,000 Operating income $27,000 Violet is developing the 2024 budget. In 2024 the company would like to increase selling prices by 3.5%, and as a result expects a decrease in sales volume of 14%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 2024?
Al-Morooj Co. has the following sales forecasts for its hip waders next year: First Quarter 11000 units Second Quarter 4% increase over first quarter Third Quarter 8% decrease from first quarter Fourth Quarter 4% decrease over first quarter Required: Calculate the Al-Morooj's estimated sales in units for next year.
Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: A. $2 255 000 B. $2 185 000 C. $2 645 000 D. $2 000 000
Calculate the annual economic order quantity from the attached provided below
Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 21,410 210 February March 22,040 240 22,775 275 April 23,195 295 May 23,510 310 June 23,720 320 July 24,350 350 Select one: O a. Y=23150+25*X O b. Y=20500+23*X O C.Y=20000+22.5*X O d. Y=17000+21*X
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
The Martin Company expects its total sales in the first quarter of 2024 will be $200,000 . Martin estimates that , in each subsequent quarter , total sales will increase by 10 % of the sales in the immediately preceding quarter . Martin estimates that 60 % of each quarter's sales will be on account , and 40 % will be for cash . Of the amount on account , 75% will be collected in the same quarter the sale occurred , and 25 % will be collected in the following quarter . Assume Martin will have no accounts receivable at the beginning of 2024. The balance in the Accounts Receivable account at the end of the third quarter is expected to be: $42,000 $ 30,000 $36,300 $ 60,000 $108,900
One segment of D's Company has the following data: Operating assets of ₱5,000,000; Operating income of ₱750,000. Moreover, the company has a required target ROI of 14% for the said segment Compute the segment's ROI for the year. Assuming that operating assets for the next year increase by 10%. How much would operating income have to increase to reach the target?
Two products X and Z are manufactured in a department. Sales for the year 2022 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 X 8000 10000 11000 14000 Z 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for X and OMR 30 for Z respectively. Average sales return are 5% of Sales and 10% decrease in selling price in each quarter compared to previous one. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 4 for Product X? Select one: a. 266000 b. 159600 c. 185600 d. 193914