On January 1, 2023, the Bonita Company budget committee reached agreement on the following data for the six months ending June 30, 2023: 2. 3. 4. Sales units: First quarter 4,900; second quarter 5,800; third quarter 7,200 Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram. Prepare a production budget by quarters for the six-month period ended June 30, 2023. Prepare a production budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Production Budget For the Six Months Ending June 30, 2023 Quarter 1 and 2 and total Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Direct Materials Budget For the Six Months Ending June 30, 2023 Quarter 1 and 2 and total

On January 1, 2023, the Bonita Company budget committee reached agreement on the following data for the six months ending June 30, 2023: 2. 3. 4. Sales units: First quarter 4,900; second quarter 5,800; third quarter 7,200 Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram. Prepare a production budget by quarters for the six-month period ended June 30, 2023. Prepare a production budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Production Budget For the Six Months Ending June 30, 2023 Quarter 1 and 2 and total Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Direct Materials Budget For the Six Months Ending June 30, 2023 Quarter 1 and 2 and total

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4PB

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Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were sold in January for $10,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the year
A companys controller is adjusting next years budget to reflect the impact of an expected 3 percent inflation rate. Listed below are selected items from next years budget before the adjustment. After adjusting for the 3 percent inflation rate, what is the companys total budget for the selected items before taxes for next year? a. 858,150 b. 860,412 c. 810,971 d. 858,971
The data shown were obtained from the financial records of Italian Exports, Inc., for March: Sales are expected to increase each month by 10%. Prepare a budgeted income statement.
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