Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows:     Unit Sales April   80,000   May   90,000   June   120,000   July   95,000     The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. The inventory at the end of March was 8,000 units.   Required: Prepare a production budget by month and in total, for the second quarter.

Majan company has budgeted sales in units for the next five months as follows: June 5,400 units July 6,500 units August 7,000 units September 8,200 units October 4,800 units Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 is 400 units. The company needs to prepare a Production Budget for the next five months. The total number of units to be produced in August is a. 7,120 units b. 7,420 units c. 7,170 units d. 8,520 units W P

Sherman has budgeted sales for the upcoming quarter as follows: April: 1, 600 units May: 1,900 units June: 1,750 units The desired ending finished goods inventory for each month is one - half of next month's budgeted sales. Three pounds of direct material are required for each unit produced. If direct material costs $5 per pound, and must be paid for in the month of purchase, the budgeted direct materials purchases (in dollars) for May are: Group of answer choices $1,975 $9, 875 $27, 750 $13, 875

The Company has budgeted unit sales for the next four months as follows:                         October 4,800 units                 November 5,800 units                 December 6,400 units                 January 5,200 units                   The ending inventory for each month should be equal to 15% of the next month's sales in units. The inventory on September 30 was below this level and contained only 600 units. What are the total units to be produced in October?

Hoover Corp., a wholesaler of music equipment, issued $11,200,000 of 20-year, 9% callable bonds on March 1, 20Y2, at their face amount, with interest payable on March 1 and September 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. 20Y2     Mar. 1 Issued the bonds for cash at their face amount. Sept. 1 Paid the interest on the bonds. 20Y4     Sept. 1 Called the bond issue at 102, the rate provided in the bond indenture. (Omit entry for payment of interest.)

Tasty Foods expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July: April 120,000 May June July 130,000 140,000 120,000 At the end of each month the company desires its ending finished goods inventory to be 20% of the next month's projected sales (in units). The budgeted production (in units) for Tasty Foods for May should be: A. 104,000. B. 128,000. C. 130,000. D. 132,000. E. 138,000. A O B C D E

Aggrava Limited is currently preparing budgets for September to December. Its estimated sales figures in units are as​ follows:   ​(financial​ information) =          September October November December Sales (units) 5,569 14,234 14,847 15,121           Inventories at 31 August totalled 16,234 ​units, and inventories are to be kept at a constant level for all months except​ December, when opening inventories on 1 December are to be increased to 23,118. Inventories will revert to the normal level on 31 December. Inventories will cost​ £2 per unit throughout the​ period, and suppliers allow Aggrava Ltd to pay in the month following an order. Other relevant information is that 3,497 units were bought in August.   Requirement​ 1: Prepare Aggrava ​Ltd's inventories budget​ (in units) for September to December. Requirement​ 2: Prepare the information relevant to inventories purchases that would appear in the cash budget for the period.       Question content area bottom Part…

Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang for the next four months as follows:     Unit Sales April 74,000 May 85,000 June 114,000 July 92,000   The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. The inventory at the end of March was 7,400 units.   Required: Prepare a production budget by month and in total, for the second quarter.

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

Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 847 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April May June 706 760 738 Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases July 718 ZIRA COMPANY Direct Materials Budget April $ $ 706 4 2,824 2,824 ↑ 5 $ 0 $ May 760 4 3,040 Saved 3,040 June 5 $ 0 $ 738 units 4 pounds 2,952 pounds 2,952 pounds 5 per pound 0…