Crane Company produces and sells automobile batteries, the heavy-duty HD-240. The 2027 sales forecast is as follows. Quarter HD-240 1 4,000 2 5,600 3 6,400 4 8,000 The January 1, 2027, inventory of HD-240 is 1,600 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2028 are expected to be 25% higher than sales in the same quarter in 2027. Prepare quarterly production budgets for each quarter and in total for 2027. CRANE COMPANY Production Budget Product HD-240 Quarter 2 3 4 Year Crane Company produces and sells automobile batteries, the heavy-duty HD-240. The 2027 sales forecast is as follows. Quarter HD-240 1 4,000 2 5,600 3 6,400 4 8,000 The January 1, 2027, inventory of HD-240 is 1,600 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2028 are expected to be 25% higher than sales in the same quarter in 2027. Prepare quarterly production budgets for each quarter and in total for 2027. CRANE COMPANY Production Budget Product HD-240 1 2 Quarter

Crane Company produces and sells automobile batteries, the heavy-duty HD-240. The 2027 sales forecast is as follows. Quarter HD-240 1 4,000 2 5,600 3 6,400 4 8,000 The January 1, 2027, inventory of HD-240 is 1,600 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2028 are expected to be 25% higher than sales in the same quarter in 2027. Prepare quarterly production budgets for each quarter and in total for 2027. CRANE COMPANY Production Budget Product HD-240 Quarter 2 3 4 Year Crane Company produces and sells automobile batteries, the heavy-duty HD-240. The 2027 sales forecast is as follows. Quarter HD-240 1 4,000 2 5,600 3 6,400 4 8,000 The January 1, 2027, inventory of HD-240 is 1,600 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2028 are expected to be 25% higher than sales in the same quarter in 2027. Prepare quarterly production budgets for each quarter and in total for 2027. CRANE COMPANY Production Budget Product HD-240 1 2 Quarter

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 10Q: If the sales forecast estimates that 50,000 units of product will be sold during the following year,...

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Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,200 2 7,110 8,190 10,240 The January 1, 2020, inventory of HD-240 is 2,080 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020. TURNEY COMPANY Production Budget Product HD-240 Quarter 1
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Doc Corp. reporting year ends on December 31, and it is currently preparing interim financial statements for the six months ending June 30, 2018. The price of its product tens to vary. At June 30, 2018, it has inventories of 10,000 units, at a cost per unit of P12. The net realizable at June 30, 2018 is P10 per unit. Then expected net realizable value of these inventories at December 31, 2018 is P13.75. In the interim statement of financial position at June 30, 2018, these inventories should be presented at what amount?
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter HD-240 1 5,100 2 7,320 3 8,280 4 10,430 The January 1, 2017, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter’s sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017.Prepare quarterly production budgets for each quarter and in total for 2017. TURNEY COMPANYProduction Budgetchoose the accounting period Product HD-240 Quarter 1 2 3 4 Year select an opening Production Budget item Enter a number of units Enter a number of units Enter a number of units Enter a number of units select between addition and deduction…
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You would like to know how much should your business purchase for the month of February 2020. The December 2019 sales is 50,000 units and this is expected to increase by 1% per month. The inventory balance as of Dec. 31, 2019 is 4,000 units and you aim to maintain 10% of the month’s sale already to be on hand at the beginning of each month. So far, it is likely that the forecast for January will be achieved. Assuming that cost per unit is maintained at P40, how much would the total purchases be for February? *Note round OFF forecasted units to be sold to whole numbers and round UP the required balance to whole numbers. Thank you in advance, I really appreciate your help ^_^
You would like to know how much should your business purchase for the month of February 2020. The December 2019 sales is 50,000 units and this is expected to increase by 1% per month. The inventory balance as of Dec. 31, 2019 is 4,000 units and you aim to maintain 10% of the month’s sale already to be on hand at the beginning of each month. So far, it is likely that the forecast for January will be achieved. Assuming that cost per unit is maintained at P40, how much would the total purchases be for February? *Note round OFF forecasted units to be sold to whole numbers and round UP the required balance to whole numbers.
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ABB Company reported the results from sales of 5,000 units of Product Y for April 2022. See image.Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to maintain an operating income of P20,000? Assume that ABB plans to increase the selling price of Product Y by 10% in June 2022. How many units of the product would have to be sold to earn a net income of P48,000? ABB is subject to 25% corporate income tax.