MANAGERIAL ACCOUNTING FUND. W/CONNECT
5th Edition
ISBN: 9781259688713
Author: Wild
Publisher: MCG
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Chapter 7, Problem 2PSB
To determine
(1)
Concept introduction:
Money (cash) acceptance
To prepare:
Cash receipt budget (forecast) for 3rd quarter of the calendar year.
To determine
(2)
Concept introduction:
Money (cash) forecast: It forecast amounts to the outflow and inflow of money (cash) in the forecast period to ascertain the equilibrium of money (cash) with respect to commitment.
To prepare:
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Echo Amplifiers prepared the following sales budget for the
first quarter of 2018:
Jan.
Feb.
Mar.
Units
900
1,100
1,400
Sales price
$100
$100
$100
Budgeted sales
$90,000 $110,000 $140,000
It also has this additional information related to its
expenses:
Direct material per unit
$1.50
Direct labor per unit
2
Variable manufacturing overhead per hour
0.50
Fixed manufacturing overhead per month
3,100
Sales commissions per unit
14
Sales salaries per month
5,100
Delivery expense per unit
0.40
Factory utilities per month
5,000
Administrative salaries per month
19,000
Marketing expenses per month
9,000
Insurance expense per month
12,000
Depreciation expense per month
10,000
Prepare a sales and administrative expense budget for each
month in the quarter ending March 31, 2018. Enter all
amounts as positive numbers.
Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
January
February
March
Budgeted Sales in Units
Variable Expenses
Total Variable Expenses
$
2$…
Echo Amplifiers prepared the following sales budget for the first quarter of 2018:
Jan.
Feb.
Mar.
Units
900
1,100
1,600
Sales price
$100
$100
$100
Budgeted sales
$90,000
$110,000
$160,000
It also has this additional information related to its expenses:
Direct material per unit
$1.50
Direct labor per unit
2
Variable manufacturing overhead per hour
0.50
Fixed manufacturing overhead per month
3,100
Sales commissions per unit
15
Sales salaries per month
5,100
Delivery expense per unit
0.50
Factory utilities per month
5,000
Administrative salaries per month
19,000
Marketing expenses per month
9,000
Insurance expense per month
10,000
Depreciation expense per month
9,000
Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.
Echo Amplifiers
Sales and Administrative Budget
For the Quarter Ending March 31, 2018
January
February
March
Budgeted Sales…
Question Content Area
Echo Amplifiers prepared the following sales budget for the first quarter of 2018:
Jan.
Feb.
Mar.
Units
900
1,100
1,400
Sales price
$100
$100
$100
Budgeted sales
$90,000
$110,000
$140,000
It also has this additional information related to its expenses:
Direct material per unit
$1.50
Direct labor per unit
2
Variable manufacturing overhead per hour
0.40
Fixed manufacturing overhead per month
2,900
Sales commissions per unit
16
Sales salaries per month
4,900
Delivery expense per unit
0.50
Factory utilities per month
5,000
Administrative salaries per month
19,000
Marketing expenses per month
7,000
Insurance expense per month
10,000
Depreciation expense per month
9,000
Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers.
Echo AmplifiersSales and Administrative BudgetFor the Quarter Ending March 31, 2018
January
February
March…
Chapter 7 Solutions
MANAGERIAL ACCOUNTING FUND. W/CONNECT
Ch. 7 - Prob. 1MCQCh. 7 - Prob. 2MCQCh. 7 - Prob. 3MCQCh. 7 - Prob. 4MCQCh. 7 - Prob. 5MCQCh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - What is the benefit of continuous budgeting?Ch. 7 - Identify three usual time horizons for short-term...Ch. 7 - Why should each department participate in...
Ch. 7 - How does budgeting help management coordinate and...Ch. 7 - Why is the sales budget so important to the...Ch. 7 - What is the selling expense budget? What is the...Ch. 7 - Prob. 9DQCh. 7 - GOOGLE Google prepares a cash budget. What is a...Ch. 7 - Prob. 11DQCh. 7 - Prob. 12DQCh. 7 - Prob. 13DQCh. 7 - Prob. 14DQCh. 7 - Prob. 1QSCh. 7 - Prob. 2QSCh. 7 - Identify which of the following sets of items are...Ch. 7 - Prob. 4QSCh. 7 - Prob. 5QSCh. 7 - Prob. 6QSCh. 7 - Prob. 7QSCh. 7 - Prob. 8QSCh. 7 - Prob. 9QSCh. 7 - Prob. 10QSCh. 7 - Prob. 11QSCh. 7 - Prob. 12QSCh. 7 - Prob. 13QSCh. 7 - Prob. 14QSCh. 7 - Prob. 15QSCh. 7 - Manufacturing: Production budget P1 Atlantic Surf...Ch. 7 - Prob. 17QSCh. 7 - Prob. 18QSCh. 7 - Prob. 19QSCh. 7 - Cash receipts, with uncollectible accounts P2 The...Ch. 7 - Cash receipts, with uncollectible accounts P2 Well...Ch. 7 - Prob. 22QSCh. 7 - Prob. 23QSCh. 7 - Prob. 24QSCh. 7 - Prob. 25QSCh. 7 - Prob. 26QSCh. 7 - Prob. 27QSCh. 7 - Prob. 28QSCh. 7 - Prob. 29QSCh. 7 - Prob. 30QSCh. 7 - Activity-based budgeting is a budget system based...Ch. 7 - Royal Phillips Electronics of the Netherlands...Ch. 7 - Prob. 1ECh. 7 - Prob. 2ECh. 7 - Prob. 3ECh. 7 - Prob. 4ECh. 7 - Exercise 20-5 Manufacturing: Direct labor budget...Ch. 7 - Prob. 6ECh. 7 - Prob. 7ECh. 7 - Prob. 8ECh. 7 - Prob. 9ECh. 7 - Prob. 10ECh. 7 - Prob. 11ECh. 7 - Electro Company manufactures an innovative...Ch. 7 - Prob. 13ECh. 7 - Prob. 14ECh. 7 - Prob. 15ECh. 7 - Prob. 16ECh. 7 - Prob. 17ECh. 7 - Prob. 18ECh. 7 - Prob. 19ECh. 7 - Prob. 20ECh. 7 - Prob. 21ECh. 7 - Prob. 22ECh. 7 - Prob. 23ECh. 7 - Prob. 24ECh. 7 - Prob. 25ECh. 7 - Prob. 26ECh. 7 - Prob. 27ECh. 7 - Prob. 28ECh. 7 - Prob. 29ECh. 7 - Prob. 30ECh. 7 - Prob. 31ECh. 7 - Prob. 32ECh. 7 - Prob. 33ECh. 7 - Prob. 34ECh. 7 - Prob. 1PSACh. 7 - Prob. 2PSACh. 7 - Prob. 3PSACh. 7 - The management of Zigby Manufacturing prepared the...Ch. 7 - Kegglers Supply is a merchandiser of three...Ch. 7 - Prob. 6PSACh. 7 - Prob. 7PSACh. 7 - Near the end of 2015, the management of Dimondale...Ch. 7 - Prob. 1PSBCh. 7 - Prob. 2PSBCh. 7 - Prob. 3PSBCh. 7 - Prob. 4PSBCh. 7 - Prob. 5PSBCh. 7 - Prob. 6PSBCh. 7 - Prob. 7PSBCh. 7 - Near the end of 2015, the management of Isle...Ch. 7 - Prob. 7SPCh. 7 - Prob. 1BTNCh. 7 - Prob. 2BTNCh. 7 - ETHICS CHALLENGE C1 BTN 20-3 Both the budget...Ch. 7 - Prob. 4BTNCh. 7 - Prob. 5BTNCh. 7 - Prob. 6BTNCh. 7 - Prob. 7BTNCh. 7 - Prob. 8BTNCh. 7 - Access Samsungs income statement (in Appendix A)...
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