Champ Incorporated budgets the following sales in units for the coming two months. Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 162 units. Budgeted sales units. Prepare the production budget for May. Budgeted sales units May 270 CHAMP, INCORPORATED Production Budget Ratio of inventory to future sales Desired ending inventory units Total required units Units to produce June 200 May

Production Budget Pasadena Candle Inc. projected sales of 89,000 candles for the year. The estimated January 1 inventory is 3,600 units, and the desired December 31 inventory is 10,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Year Ending December 31 Total units available Total units to be produced

How do I prepare the selling and administrative expense budget for the quarter ended March 31, 20X1?

Production Budget Pasadena Candle Inc. projected sales of 42,000 candles for the year. The estimated January 1 inventory is 2,100 units, and the desired December 31 inventory is 5,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 16,400 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 28,700 units. b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XL 12 is budgeted to be 98,800 components. c. The company maintains no work in process inventories. A sales budget for the All Weather speaker is as follows: April May June July…

FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months are as follows: January February March 16250 units 16950 units 17200 units 18350 units 17900 units April May The selling price per unit is $15. Determine the total budgeted sales for the entire quarter ending March 31st. O $756,000 O $815,000 O $850,350 O $750,550

Lane Products manufactures a popular kitchen utensil. The company recently expanded, and the controller believes that it will need to borrow cash to continue operations. It opened negotiations with the local bank for a one-month loan of $44,000 starting March 1. The bank would charge interest at the rate of 0.5 percent per month and require the company to repay interest and principal on March 31. In considering the loan, the bank requested a projected income statement and cash budget for March. The following information is available: ● ● ● ● The company budgeted sales at 14,000 units per month in February, April, and May and at 11,000 units in March. The selling price is $62 per unit. The company offers a 2 percent discount for cash sales. The company's experience is that bad debts average 1 percent of credit sales. The inventory of finished goods on February 1 was 2,600 units. The desired finished goods inventory at the end of each month equals 25 percent of sales anticipated for the…

Mango Place has forecast its sales for the coming months as follows: Standard Units 102 April May June July 121 139 162 The standard model sells for $214. Required: Prepare a sales budget for the quarter ending June 30. Budgeted unit sales Budgeted sales price Budgeted sales revenue Mango Place Sales Budget (Standard Model) For the Quarter Ending June 30 April May June Total

A company is preparing budgets for the quarter ending Mar 31, 2020.Jan 10,000 unitsFeb 50,000 unitsMar 30,000 unitsApr 60,000 unitsMay 40,000 unitsThe management of this company assumes the following:1) Selling price is $5.2) On Dec 31, 2019, the finished goods totaled 3,000 units. Finished goods at the end of each month must be 20% of the following month’s budgeted sales.3) All sales are on account. 70% of the credit sales are collected in the month of sale, 25% in the month following sale, and the remainders are uncollectible.4) On Dec 31, 2019, the cash balance is $10,000.   Q: The company predicts only 50% of the budgeted sales in units can be achieved. Moreover, the company decides to cut the selling price to $3, and the company expects 50% of credit sales can be collected in the month of sale, 20% in the month following sale, the reminders are not collectible. The other things being the same. Please prepare the cash collection and required production (in units) for January,…

Champ Incorporated budgets the following sales in units for the coming two months. Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 114 units. May 190 Budgeted sales units Prepare the production budget for May. CHAMP, INCORPORATED Production Budget Desired ending inventory units Total required units Units to produce June 270 May