What is the production budgeted for the second quarter? Company policy is to have a finished goods nventory at the end of each quarter equal to 18 percent of the next quarter's sales. The sales budget for Your Company's projected quarterly sales for next years as follows: Quarter 1; Quarter 2: Quarter 3: Quarter 4: 44,000 units 35,000 units 42,000 units 55,000 units 44,340 33,740 36,260 39,660

What is the production budgeted for the second quarter? Company policy is to have a finished goods nventory at the end of each quarter equal to 18 percent of the next quarter's sales. The sales budget for Your Company's projected quarterly sales for next years as follows: Quarter 1; Quarter 2: Quarter 3: Quarter 4: 44,000 units 35,000 units 42,000 units 55,000 units 44,340 33,740 36,260 39,660

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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Down Under Products' sales budget for the next four months is as follows: Unit Sales April May June July 78,000 85,000 118,000 94,000 The company wants its ending inventory levels to equal 20% of the following month's unit sales. The inventory at the end of March was 15,600 units. Required: Prepare a production budget, by month and in total, for the second quarter. Budgeted unit sales Total needs Required production in units Down Under Products, Limited Production Budget April May June Quarter 0 0 0 0 0 0 0 0
Down Under Products' sales budget for the next four months is as follows: Unit Sales April May June July 50,000 75,000 90,000 80,000 The company wants its ending inventory levels to equal 10% of the following month's unit sales. The inventory at the end of March was 5,000 units. Required: Prepare a production budget, by month and in total, for the second quarter. Budgeted unit sales Total needs Required production in units Down Under Products, Limited Production Budget April May June Quarter
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Parker corp which operates on a calendar year, expects to sell 6000 units in october and expects sales to increase 10% each month there after. Sales price is expected to stay constant at 17 per unit. what are budgeted revenues for the fourth quarter?102,000 306,000336,600337,620
XYZ Inc. is preparing its annual budgets for the year ending December 31, 2025. Product JB 50 Product JB 60 Sales Budget: Anticipated volume in units 677,000 345,000 Unit Selling Price $23 $45 Production budget: Desired ending finished goods units 65,000 21,500 Beginning finished good units 54.300 10,750 Prepare the Production Budget for the year.
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on 4 obinson Corp., which operates on a calendar year, expects to sell 1380 units in October, and expects sales to increase 130 units each month thereafter. Sales price expected to stay constant at $7 per unit. What are budgeted sales revenue for the fourth quarter? << < Question 4 of 5
A company produces and sells twò models of product X: X1 and X2. The selling price of X1 is 15 € and X2 is 25 €. The management budgets sales semiannually. Its projection for the first 2 quarters of year 20xx are as follows: Unit sales Product Quarter 1 Quarter 2 X1 20 000 22 000 X2 15 000 12 000 No cahnges in selling prices are anticipated. The task: Prepare a sales budget for the 2 quarters ending June 30, 20xx. List the products and show for each quarter and the 6 months, units, selling price, and total sales by product and in total.
Question 1 TinyTom makes one product, which sells for $70 each, and prepares functional budgets on a monthly basis. For the first three months of 2021, the following figures are proposed: Sales January 10,000 units February 14,000 units March 12,000 units 10,000 April A closing stock of 10% of the next month's sales is required, the forecast sales for April is 10,000 units. The standard material cost of one unit of finished product is: Material X 4 units at $2 per unit Material Y 8 units at $3 per unit Material Z 2 unit at $5 per unit The standard direct labour cost of one unit of finished product is: 4 hours at $5 per hour Department A Department B Department C 4 hours at $5 per hour 2 hours at $4 per hour Material X Y Material Opening Stock Closing Stock 75,000 80,000 15,000 60,000 75,000 12,500 Required: 1) Calculate the standard prime cost of one unit of finished product. ii) Calculate the Sales Budget for each of months. iii) Calculate the Production Budget for each of months. iv)…
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The marketing department of Teddy Bear Company has submitted the following sales forecast for the upcoming fiscal year. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Budgeted unit sales 120,000 130,000 125,000 125,000 The company expected to start the first quarter with 20,000 units in finished goods in inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter s 25,000 units. Prepare the company’s production budget for the second quarter.