Operating budget: The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared. To determine : 1. Prepare sales budget of Watercooler for April and May 2016. 2. Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016. 3. Prepare selling and administrative expense budget of Watercooler for April and May 2016.

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Answer 1

Question

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Expert Solution & Answer

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Answer 2

Question

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Expert Solution & Answer

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Answer 3

Question

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Expert Solution & Answer

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Answer 4

Question

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Expert Solution & Answer

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Answer 5

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Answer 6

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Answer 7

Chapter 22, Problem P22.53BPGB

To determine

Operating budget:

The budgets which prepared for the operating activities of a company like sales, purchase, cost of goods sold, selling and administrative expenses are called operating budget. In case of merchandising company, the direct material budget, direct labor budget and manufacturing budget are not prepared since a merchandising company does manufacture their own good. So instead these budgets an inventory, purchases and cost of goods sold budget is prepared.

To determine:

1.

Prepare sales budget of Watercooler for April and May 2016.

2.

Prepare inventory, purchases, and cost of goods sold budget of Watercooler for April and May 2016.

3.

Prepare selling and administrative expense budget of Watercooler for April and May 2016.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 22 - Prob. 1QC Ch. 22 - A company prepares a five-year budget. This budget...Ch. 22 - Which of the following is the cornerstone of the...Ch. 22 - Suppose Iron City manufactures cast iron skillets....Ch. 22 - Suppose Iron City manufactures cast iron skillets....Ch. 22 - Suppose Iron City manufactures cast iron skillets....Ch. 22 - Suppose Iron City manufactures cast iron skillets....Ch. 22 - The budgeted income statement is part of which...Ch. 22 - Prob. 9QC Ch. 22 - Suppose Mallcentral sells 1,000 hardcover books...

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