Alyssa sold 38 furniture sets during August. Her target for September is to sell 15% more furniture sets than she sold in August. How many sets should she sell in September to meet her target?
Q: Parwin Corporation plans to sell 36,000 units during August. If the company has 14,500 units on hand…
A: Units Produced :— It is the number of units that must be produced to generate desired sales units.…
Q: Grace manufactures and sells miniature digital cameras for $200 each. 1,300 units were sold in May,…
A: Revenue is shown in the income statement. Revenue is the product of number of units sold and price…
Q: Hurtt’s Java Seeds is an independent roaster of specialty coffee beans. The company budgets 2 months…
A: Standard Production Cost=Direct material+Direct labor+Variable Overhead+Fixed Overhead
Q: The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements…
A: Analysis of Plan C (Constant Production)Average Monthly Demand Requirement:1700 units (as…
Q: Suzanne sells authentic Amish quilts on her website. Suppose Suzanne expects to sell 2,500 quilts…
A: Margin of safety in units is calculated by deducting breakeven sales from total sales units. The…
Q: 1. The buyer plans to purchase $25,000 (retail) worth of children's coats for a back-to-school sale.…
A: "Since you have asked multiple questions, we will solve the first question for you". If you want any…
Q: A. Amber, owner of Amber's Flowers and Gifts, produces gift baskets for various special occasions.…
A: Answer 1)
Q: Feline Watch Company makes wrist watches out of silver metal sheets. Feline sold 200 watches in the…
A: The budget is prepared to estimate the future requirements.
Q: GreenThumb Organic Fertilizer Company plans to sell 220,000 units of finished product in July and…
A: Manufacturing costs and factory costs are other terms for production costs. It is the total of the…
Q: Laila rents 110,000 square feet of store space for $358,000 per year. The amount of square footage…
A: In the real estate industry, a common way to measure a property's value for money is the price per…
Q: GreenThumb Organic Fertilizer Company plans to sell 270,000 units of finished product in July and…
A:
Q: In March, Dough Corporation expects to sell 41,000 units of its single product. The company has…
A: Here, Expected Sales is 41,000 units Beginning Inventory is 2,800 units Ending Inventory is 2,400
Q: Sandy sells authentic Amish quilts on her website. Suppose Sandy expects to sell 1,200 quilts during…
A: Variable costs are those costs which changes along with change in activity level. Fixed costs do not…
Q: ABC manufactures t-shirts and is scheduled to produce 100 units in January and 150 units in…
A: The equation used to solve the problem is Beginning Raw material + Raw material Purchased = Raw…
Q: Michelle works at a beauty salon. Last month she received an average tip of $60 from her 108…
A: Income refers to the money that a person receives in trade for goods and services provided. A tip…
Q: Colorado Nursery plans to sell 380 plants during April and 240 units in May. Coronado keeps 25% of…
A: Budgeting is a process of estimation of future income and expenditure for a particular period of…
Q: Leah is selling 6-ft tall christmas trees. The cost of her product is 1,000. She adds 20% to cover…
A: Overhead cost=Product cost×Overhead percentage=1,000×2%=200 Thus, the overhead cost is 200.
Q: On January 1, Shalom Company has 5,000 units of Product Peace on hand. During the year, the company…
A: Units Produced :— It is the estimated number of units produced for budgeted required sales units.…
Q: Havana Hats makes the world's best hats. Information for the last eight months follows: Number of…
A: Contribution margin income statement emphasis on the behaviour of the cost and determines two main…
Q: Give typing answer with explanation and conclusion Brookes, Inc. expects to sell 700 of its designer…
A: Economic order quantity refers to the requirement of ideal size for meeting the need of demand…
Q: Delsing Plumbing Company has beginning inventory of 24,000 units, will sell 70,000 units for the…
A: Given Beginning Inventory = 24,000 units Sell = 70,000 units Ending Inventory = 40% of Beginning…
Q: Shadee Corporation expects to sell 610 sun shades in May and 340 in June. Each shades sells for $13.…
A: CASH BUDGET A cash budget is an estimation of the cash flows of a business over a specific period…
Q: Mary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000…
A: note dear student as per Q&A guideline we are required to answer the first question only .…
Q: Sophie Corporation is a wholesaler of industrial goods. Sophie purchases 40% of its industrial goods…
A: The budget is prepared to estimate the requirements for the period. The accounts payable represents…
Q: The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements…
A: The average monthly demand requirementThe average monthly demand requirement refers to the average…
Q: Candance owns a small candy store that sells one type of candy. Her beginning inventory of candy was…
A: GIVEN Candance owns a small candy store that sells one type of candy. Her beginning inventory of…
Q: Mary owns a flower shop in Dangwa. She knows that a lot of male customers will buy roses few days…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Trumbull Co. plans to produce 100,000 toy cars during September. Planned production for October is…
A: Raw material purchase budget is prepared with a view to estimate the cost of total material required…
Q: 1. How many of each item did they make in the month? 2. What was their total revenue for these…
A: Identifying how many batches of each item of Pumpkin Spice Cupcakes , Pumpkin Spice Cookies and…
Q: The Hadley company produces widgets, which are seasonal products. Therefore, the company produces…
A: Lets understand the basics,Management prepares budget in order to estimate future profit and…
Q: Assume that Rubavu makes ragdolls. Each ragdoll requires 18 square feet of fabric. If the number of…
A: Details are provided below.Explanation:
Q: LA Company, which plans to sell 200,000 units of finished product in July, anticipates a growth rate…
A: The production budget is prepared to estimate the number of units to be produced during the period.
Q: How many pounds of foam does The Posh Cushion Company need to
A: The Purchase Budget is prepared to estimate the number of units to be purchased during the period.…
Q: Muscat Manufacturing plans to sell 6,000 chairs during May, 5,700 in June, and 6,000 during July.…
A: Units to be produced in particular period means how many units needed to coverup sales demand and…
Q: La Ying Lives produces leather handbags. The production budget for the next four months is: July…
A: Total leather require for July production = Budgeted production for July x lether required per unit…
Q: Jerry Jay is the CEO of Jerry's Jackets (JJ). In June, Jerry expects to produce and sell 3100…
A: Planning budget :— It is the sum of budgeted variable cost and budgeted fixed cost. Budgeted…
Q: Furniture, Inc., estimates the following number of mattress sales for the first four months of 2021:…
A: Production budget is based on the expected sales units. This budget is prepared to predict the units…
Q: Wisdom Corporation plans to sell 23,000 units during August. If the company has 8,000 units on hand…
A: Budgeted production = Budgeted sales + Desired ending inventory - Beginning inventory
Q: and now spent a total of $35 on a combination of small and large coffees in march, how many small…
A: Selling price can be defined as the price a customer pays for something. It includes both costs…
Q: A December promotion of 1,500 crystal bud vases to retail at $40 each is planned. The buyer requires…
A: The meaning of markup is the gross or total profit on a particular commodity or service. It is also…
Q: Sandra's net income is $1247 per week. Sandra is trying to stick to a budget and allocates 20% of…
A: Budgets are the estimates or forecasts that are made for future period. This is also known as…
Q: The Lumber Yard has projected the sales below for the next four months. The company collects 37…
A: The credit sales are said to be the major component of cells for the entity because it help the…
Q: Pharoah Hats is planning to sell 646 straw hats in April. Each hat requires ½ kilogram of straw and…
A: Lets understand the basics. Management prepare budget in order to estimate future profit and loss…
Q: Johnson Inc. produces leather handbags. Johnson Inc. estimates it will use 4,100 square meters of…
A: The future purchases can be estimated using reliable data regarding past experiences and production…
Q: Amber, owner of Amber’s Flowers and Gifts, produces gift baskets for various special occasions. Each…
A: Production Budget Budgeted quantity of output to be produced during a specific period Output for…
Q: Pridgeon Corporation plans to sell 23,000 units during August. If the company has 8,000 units on…
A: UNITS TO BE PRODUCED : = UNITS TO SELL + UNITS AT THE END OF THE MONTH - UNITS AT THE START OF THE…
Step by step
Solved in 3 steps
- One Device makes universal remote controls and expects to sell 526 units in January, 575 in February, 922 in March, 420 in April, and 590 in May. The required ending inventory is 19% of the next month’s sales. Calculate the total production for the first four months (January, February, March and April). Round to the nearest hundreth, two decimal places.The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months follows: Number of foam cushions to be produced in July Number of foam cushions to be produced in August Number of foam cushions to be produced in September Each cushion requires 2 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 30% of the following month's expected production needs. How many pounds of foam does The Porch Cushion Company need to purchase in August? OA. 20,800 OB. 15,400 13,000 11,000 9,000 OC. 27,400 OD. 28,600GreenThumb Organic Fertilizer Company plans to sell 240,000 units of finished product in July and anticipates a growth rate in sales of 4 percent per month. The desired monthly ending inventory in units of finished product is 90 percent of the next month's estimated sales. There are 216,000 finished units in inventory on June 30. Each unit of finished product requires 4 pounds of raw material at a cost of $1.75 per pound. There are 880,000 pounds of raw material in inventory on June 30. Required: 1. Compute the company's total required production in units of finished product for the entire three-month period ending September 30. Note: Round all intermediate calculations and your final answer to the nearest unit. 2. Independent of your answer to requirement 1, assume the company plans to produce 600,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in…
- Saché, Incorporated, expects to sell 840 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 650 suits and a safety stock of 120 suits. Once an order is placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order? multiple choice Monday Tuesday Wednesday Thursday Friday Saturday SundayHandMI Corp. manufactures organic cotton totes in Michigan. The company estimates its production for the next four months as follows: July 5,200 units, August 7,800 units, September 7,900 units, October 8,800 units. Each tote requires 0.7 square meters of cotton. The company's cotton inventory policy is 40% of next month’s production needs. On July 1 cotton inventory was expected to be 1,456 square meters. What will cotton purchases be in July? Multiple Choice 5,393 square meters 4,118 square meters 4,518 square meters 4,368 square metersed GreenThumb Organic Fertilizer Company plans to sell 210,000 units of finished product in July and anticipates a growth rate in sales of 3 percent per month. The desired monthly ending inventory in units of finished product is 90 percent of the next month's estimated sales. There are 189,000 finished units in inventory on June 30. Each unit of finished product requires 5 pounds of raw material at a cost of $1.35 per pound. There are 750,000 pounds of raw material in inventory on June 30. Required: 1. Compute the company's total required production in units of finished product for the entire three-month period ending September 30. Note: Round all intermediate calculations and your final answer to the nearest unit. 2. Independent of your answer to requirement 1, assume the company plans to produce 680,000 units of finished product in the three- month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the…
- Kendra and Mikala, owners of Nue Rhythm Clothing, paid $40 a pair for jeans. On September 15, Kendra marked up the jeans 135% based on the cost. On November 24, she marked the jeans down 50% for a Black Friday sale. The jeans were marked down an additional 35% for final clearance. What was the final selling price of the jeans?Eliot wishes to have in stock enough nozzles to use for the coming month. On August 1, the company has 17,100 nozzles in stock, although the latest estimate for August production indicates a requirement for only 15,600 nozzles. Total uses of the nozzle are expected to be 15,300 in September and 16,140 in October. Nozzles are purchased at a wholesale price of $11. Eliot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Eliot purchased 24,000 parts in July. Estimate purchases of the nozzle (in units) for August and September. Estimate the cash disbursements for nozzles in August and September.GreenThumb Organic Fertilizer Company plans to sell 210,000 units of finished product in July and anticipates a growth rate in sales of 3 percent per month. The desired monthly ending inventory in units of finished product is 85 percent of the next month's estimated sales. There are 178,500 finished units in inventory on June 30. Each unit of finished product requires 4 pounds of raw material at a cost of $1.25 per pound. There are 840,000 pounds of raw material in inventory on June 30. Required: 1. Compute the company's total required production in units of finished product for the entire three-month period ending September 30. Note: Round all intermediate calculations and your final answer to the nearest unit. 2. Independent of your answer to requirement 1, assume the company plans to produce 700,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in…
- Hurtt’s Java Seeds is an independent roaster of specialty coffee beans. The company budgets 2 months ahead, so that in early January, it is time to plan for March. During March, the company plans to sell 40,000 pounds of beans. At the end of February, the company expects to have 3,000 pounds of raw green coffee beans (costing $5,000) and 800 pounds of roasted beans (costing $4,200) in inventory. Hurtt’s would like to have 1,100 pounds of green coffee beans and 500 pounds of roasted beans in inventory at the end of March. Hurtt’s purchases green coffee beans from the grower at $3 per pound and sells the roasted beans for $13 per pound. Hurtt’s roasters hold 25 pounds of green coffee beans. It takes 19 minutes to roast the beans to perfection. Because the roaster must be monitored by an employee at all times, each batch requires 0.30 direct labor hours. During the roasting process, the green beans lose 25% of their weight, so that 1.25 pounds of green (raw) beans must be used to…Jason is in the furniture business. He observed increasing demand for office chairs, and strongly anticipates even better results in the next quarter. Jason decides to reconsider his production plans, and he comes up with the following production budget for the second quarter: April May June 600 units 650 units 710 units A Jason determines that every unit needs 2 hours of direct labor (DL) time. He pays $24 per hour to his daily wage workers. Considering the given information, which of the following is correct? O For the second quarter. total DL hours and total DL cost will be 3980 and $92640 respectively. O For the second quarter, total DL hours and total DL cost will be 1200 and $28800 respectively. O For the second quarter, total DL hours and total DL cost will be 3920 and $94080 respectively. O For the second quarter, total DL hours and total DL cost will be 1300 and $31200 respectively.jeremy inc. produces leather handbags. The production budget for the next four months is:July 5000 units, August 7300, September 7500, October 8800. Eachhandbag requires 0.5 square meters of leather. Jeremy inc's leather inventory policy is 30 percent of next month's production needs. If the leather policy is met, what will the july 1 inventory be?750.0 square meters1095.0 square meters1825.0 square meters300.0 square meters