Exercise 20-3 (Algo) Manufacturing: Production budget LO P1Rutz Company provides the following budgeted sales for the next four months. The company wants to end each month with endingfinished goods inventory equal to 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare aproduction budget for the months of April, May, and June.Budgeted sales unitsNext period budgeted sales unitsRatio of inventory to future salesTotal required unitsApril600Units to produceMay680RUIZ COMPANYProduction BudgetAprilJune63060030%July720May63030%June72030%

SALES BUDGET Sales Budget is the quantitative & Financial statement of Sales, Prepared prior to…

Answered: Exercise 20-3 (Algo) Manufacturing:…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Copr Goedl 2022 Sheba Industries reported the following budgeted sales in units for the first quarter of the fiscal year. Month Units June 3,300 July 2,960 3,120 August The desired ending finished goods inventory should be 10% of the next month's sales in units. The inventory on May 31 contained 330 units, which is the beginning inventory for June. The manager is preparing the production budget. The total number of units to be produced in July is: 2,976 units 3,272 units 3,266 units O3,596 units
8.5 Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,500 March 13,700 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2 $4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on…
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Exercise 20-5 (Algo) Manufacturing: Production budget LO P1 Tyler Company budgets the following unit sales for the next four months: April, 3,800 units; May, 4,400 units; June, 6,300 units; and July, 2,500 units. The company's policy is to maintain finished goods inventory equal to 20% of the next month's unit sales. At the end of March, the company had 500 finished units in inventory. Prepare a production budget for each of the months of April, May, and June. TYLER COMPANY Production Budget April May June Next period budgeted sales units % Units to produce
Kailashben
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?
Exercise 6 (Selling and Administrative Budget) The budgeted unit sales of Helene Company for the upcoming fiscal year are provided below: 1stquarter 2ndquarter 3rd quarter 4th quarter Budgeted unitsales.. 12,000 14,000 11,000 10,000 The company's variable selling and administrative expenses per unit are P2.75. Fixed selling and administrative expenses include advertising expenses of P12,000 per quarter, executive salaries of P40,000 per quarter, and depreciation of P16,000 per quarter. In addition, the company will make insurance payments of P6,000 in the 2nd Quarter and P6,000 in the 4thQuarter. Finally, property taxes of P6,000 will be paid in the 3rd Quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year.
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