Ibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder stimated inventory 250 75 units), June 1 mesired inventory units), June 30 287 65 xpected sales volume units): North Region 2,400 2,100 South Region 5,800 6,550 nit sales price $225 $125 - Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Sales Selling Volume Price Sales Unit Total Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales

Ibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder stimated inventory 250 75 units), June 1 mesired inventory units), June 30 287 65 xpected sales volume units): North Region 2,400 2,100 South Region 5,800 6,550 nit sales price $225 $125 - Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Sales Selling Volume Price Sales Unit Total Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 750 300 Desired inventory (units), June 30 500 250 Expected sales volume (units): Midwest Region 12,000 3,500 South Region 14,000 4,000 Unit sales price $60 $90 a. Prepare a sales budget. Sonic Inc.Sales BudgetFor the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region fill in the blank 66157b067fe0fb1_1 $fill in the blank 66157b067fe0fb1_2 $fill in the blank South Region fill in the blank 66157b067fe0fb1_4 fill in the blank 66157b067fe0fb1_5 fill in the blank Total fill in the blank 66157b067fe0fb1_7 $fill in the blank Model: Thunder Midwest Region fill in the blank 66157b067fe0fb1_9 $fill in the blank…
Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 627,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below.Material A 0.50 lb. per unit @ $0.69 per poundMaterial B 1.00 lb. per unit @ $1.56 per poundMaterial C 1.20 lb. per unit @ $0.97 per poundThe dollar amount of Material B used in production during the year is a.$747,552 b.$934,440 c.$1,401,660 d.$1,121,328
Shadee 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.
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VideoSecu produces wall mounts for flat panel television sets. Assume the forecasted income state M16-16. Special Order ment for next year is as follows. VIDEOSECU Budgeted Income Statement For the Year $5,600,000 Sales ($28 per unit) . . Cost of good sold ($19 per unit) . (3,800,000) 1,800,000 Gross profit..... Selling expenses ($5 per unit) (1,000,000) $ 800,000 Net income. ADDITIONAL INFORMATION (1) Of the production costs and selling expenses, $1,520,000 and $750,000, respectively, are fixed. (2) VideoSecu received a special order from a hospital supply company offering to buy 10,00 wall mounts for $15. If it accepts the order, there will be no additional fixed selling expenses, and there is currently sufficient excess capacity to fill the order. The company's sales manager argues for rejecting the order because "we are not in the business of paying $19 to make a product to sell for $15." REQUIRED Do you think the company should accept the special order? Should the decision be…
Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale Northern Region unit sales 20,100 33,900 Southern Region unit sales 21,700 22,800 Total 41,800 56,700 The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,700 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 1,200 and 2,400 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
hollow company manufactures and sells one product only. following financial information have been obtained for next four quarters of the year 2016: quarter-1 quarter-2 quarter-3 quarter-4 sales in units 300 400 400 600 further information price will remain for the first and second quarter rs. 200 and third and fourth quarter rs. 190 for each product respectively. sales at 70% realized in the quarter of sales. balance 30% realized in the next quarter. required: a sales budget, including a schedule of expected cash receipts for the year 2016
Lens Junction has required production of 15,400 units in January and 18,100 in February. Each lens consists of 2 pounds of silicon costing $2.50 per pound and 3 ounces of solution costing $3 per ounce. Desired inventory levels are: Jan. Feb. Mar. Beginning Inventory: Finished Goods 4,500 4,900 5,000 DM - Silicon 8,500 9,100 9,200 DM - Solution 11,200 12,000 13,000 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels. Cost per Pound Desired Ending Inventory DM per Unit Units to be Produced Pounds Needed for Production Required DM Pounds Beginning Inventory Total Cost of DM Purchase Total DM Required Using the information above, along with the terms…
The Martin Trader sells three products-product A, product B and product C. The budgeted sales and budgeted prices of all three products for the first quarter of the current year are given below: Products Budgeted Sales Budgeted price Product A 630 units $25 Product B 765 units $15 Product C 540 units $40 The actual results for the first quarter in terms of quantity sold and price are given below: Products Actual Sales Actual price Product A 705 units $26 Product B 560 units $18 Product C 632 units $42 Required: Using the information of Martin Traders given above, calculate sales volume variance for the individual products as well as in total for the first quarter.
53) QMW Company manufactures two models of microcassette recorders, VCH and MTV. Based on the following production data for April of the current year, prepare a production budget for April. VCH MTV Estimated inventory (units), April 1 2,600 3,900 Desired inventory (units), April 30 5,200 3,250 Expected sales volume (units): Eastern zone 10,500 12,960 Midwest zone 17,000 19,800 Western zone 4,500 9,840 QMW Company Production Budget For Month Ending April 30, 2022 VCH MTV Total Production
Yarbrough Company manufactures T-shirts printed with tourist destination logos. The following table shows sales prices and projected sales volume for the summer months: (Click the icon to view the data.) Prepare a sales budget for Yarbrough Company for the three months. - X Data Table Yarbrough Company Sales Budget June, July, and August Projected Sales in Units June July August Total T-Shirt Sizes Sales Price June July August Youth T-Shirts Youth $ 7 575 500 525 Adult-Regular T-Shirts Adult-regular 17 625 900 825 Adult-oversized 18 400 500 475 Adult-Oversized T-Shirts Total sales Print Done Activate Windows Enter any number in the edit fields and then click Check Answer.