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Collins Company is preparing its
a. What should total sales revenue be if territories A and B estimate sales of 10,000 and 14,000 units, respectively, and the unit selling price is $44?
$1,056,000
b. If the beginning finished goods inventory is an estimated 2,000 units and the desired ending inventory is 3,000 units, how many units should be produced?
Answer
c. What dollar amount of material should be purchased at $4 per pound if each unit of product requires 3 pounds and beginning and ending materials inventories should be 5,000 and 4,000 pounds, respectively?
$Answer
d. How much direct labor cost should be incurred if each unit produced requires 1.5 hours at an hourly rate of $15?
$Answer
e. How much manufacturing
$Answer
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- Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Quarter Units Quarter 3 1 2 20,000 25,000 4 Units 35,000 30,000 Each unit requires 1.50 hours of direct labor. Prepare a direct labor budget for 2020. Wage rates are expected to be $16 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 2 decimal places, eg. 52.50.) $ $ RODRIQUEZ, INC. Direct Labor Budget 2 Quarter $ $ 3 $ $ 4 Yeararrow_forwardBen Company has the following sales forecast for the next quarter: April, 20,000 units; May, 24,000 units; June, 28,000 units. Sales totaled 16,000 units in March. The end of April finished goods inventory was 4,800 units. End-of-month finished goods inventory levels are planned to be equal to 20 percent of the next month's planned sales. The unit to be produced for May is: A. 29,600 units. B. 28,800 units. C. 24,000 units. D. 24,800 units.arrow_forwardShadee Corporation expects to sell 610 sun shades in May and 340 in June. Each shade sells for $138. Shadee's beginning and ending finished goods inventories for May are 85 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. E8- 5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b] Required: Prepare Shadee's sales budget for May and June. Prepare Shadee's production budget for May and June. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 120 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Required: Prepare Shadee's May and June purchases budget for the adjustable poles.arrow_forward
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- ! Required information The following information applies to the questions displayed below.) Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $156. Shadee's beginning and ending finished goods inventories for May are 65 and 55 shades, respectively. Ending finished goods inventory for June will be 50 shades. Required: 1. Prepare Shadee's sales budget for May and June. 2. Prepare Shadee's production budget for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Shadee's sales budget for May and June. Budgeted Total Sales May June Required 1 Required 2 >arrow_forwardIf the expected sales volume for the current period is 9,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the current period, is a. 9,000 units b. 9,100 units c. 8,700 units d. 8,900 unitsarrow_forwardTarget Corporation had the following budgeted sales: 2024 June July August September October Units 2,200 2,500 2,000 1,700 1,600 The following additional information was given: Ending Finished Goods Inventory on May 31, 2024 was: Direct Materials per Finished Good Unit: Average Cost per Pound of Direct Material: Finished Goods Inventory should be: Direcet Materials inventory should be: Ending Direct Materials Inventory on May 31, 2024 was: 2,100 Units 3 Pounds of Direct Material $5 per Pound 20% Next Month's Anticipated Sales 30% Pounds Needed for Next Month's Production 9,090 Pounds of Direct Material Calculate the amount of required production of finished goods units for the month of August 2024. Round to the nearest whole number (ex. 2004-200: 200.5-201) Only enter numbers into answer space, do not enter anything other than numbers.arrow_forward
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