L Incorporated provided the following estimated sales data in the first five months of 2021: Month Estimated Sales (units) January 15,000 February ??? March 16,000 April ??? May 18,000 The desired ending inventory of finished goods is 20% of next month’s expected sales. Budgeted production for the month of February and April are 16,600 and 18,640 respectively. Each unit costs 120 to manufacture and is sold to yield gross profit of 25% based on cost. All sales are made on account. 20% is collected in the month of sale; 30% of the balance is collected in the following month, another 40% is collected two months after the month of sale while the rest are collected three months after the month of sale. Ending finished goods inventory in March shall be valued at

Krier Industries has just completed its sales forecasts and its marketing department estimates that the company will sell 42,600 units during the upcoming year. In the past, management has maintained inventories of finished goods at approximately 3 months' sales. However, the estimated inventory at the start of the year of the budget period is only 7,100 units. Sales occur evenly throughout the year. What is the estimated production level (units) for the first month of the upcoming budget year?   Multiple Choice 14,200. 10,650. 7,100. 3,550.

Vaughn Company’s sales budget showed expected sales of 13480 widgets. Beginning finished goods contained 1110widgets. The company determined that 14120 units should be produced. How many widgets will the company have on hand at the end of the year? 1110 1750 640 470

The production manager of Rordan Corporation prepared the following quarterly production forecast for next year: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 10,600 8,500 7,000 4th Quarter 11,100 Each unit requires 0.35 direct labor-hour, and direct laborers are paid $20.00 per hour. Required: 1. Prepare a direct labor budget for next year. Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places. Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

Flounder Company expects to produce 1,080,000 units of Product XX in 2022. Monthly production is expected to range from 72,000 to 108,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 90,000 units: direct materials $468,000, direct labor $536,400, and variable overhead $724,500. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) $ Budget FLOUNDER COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 100

The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 14,000 Units to be produced In addition, 24,500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $6,600. Req 1 and 2 Each unit requires 7 grams of raw material that costs $1.40 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 7,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40 % in the following quarter. Each unit requires 0.40 direct labor-hours and direct laborers are paid $15.50 per hour. Req 3 2nd Quarter 17,000 Required: 1. and 2 Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each…

Blossom Company expects to produce 1,200,000 units of product XX in 2022. Monthly production is expected to range from 70,000 to 100,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $3, direct labour $6, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $1. Prepare a flexible manufacturing budget for the relevant range value using increments of 15,000 units. (List variable costs before fixed costs.) BLOSSOM COMPANY Monthly Flexible Manufacturing Budget $ $ $

Cahuilla Corporation predicts the following sales in units for the coming four months: Sales in units Each month's ending finished goods inventory should be 40% of the next month's sales. March 31 finished goods inventory is 144 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 210 pounds of B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted production for May is: Multiple Choice 350 units. April May June July 360 400 420 360 240 units.

Offenbach & Son has just made its sales forecasts and its marketing department estimates that the company will sell 220,200 units during the coming year. In the past, management has maintained inventories of finished goods at approximately one month's sales. The inventory at the start of the budget period is 14,800 units. Sales occur evenly throughout the year. Required: Estimate the production level required for the coming year to meet these objectives. (Do not round intermediate calculations.) Required production in units

Infinity Inc. has provided the following projected sales units for the next quarter: Projected Sales Units for Next Quarter Sales Units First month  Second month  Third month Projected sales units 10,000 12,000 15,000 Desired ending inventory is determined to be 10% of the next month’s projected sales. What would be the budgeted production units during the second month of the quarter? Group of answer choices 12,300 units 13,200 units 11,700 units 13,500 units