FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Assume a company's sales budget for July estimates 17,000 units sold. The variable selling and administrative expense used for budgeting purposes is $4.00 per unit sold. The total budgeted cash disbursements for selling and administrative expenses in July is $139,000. The total fixed selling and administrative expenses included in the selling and administrative expense budget for July is $100,000. What is the amount of depreciation included in the selling and administrative expense budget for July? Multiple Choice O OOO $14,000 $32,000 $29,000 $47,000arrow_forwardMotorcycle Manufacturers, Inc. projected sales of 60,000 machines for the year. The estimated January 1 inventory is 6,240 units, and the desired December 31 inventory is 7,120 units. What is the budgeted production (in units) for the year? a.60,880 b.60,000 c.46,640 d.59,120arrow_forwardOsprey Cycles, Inc. projected sales of 60,589 bicycles for the year. The estimated January 1 inventory is 6,049 units, and the desired December 31 inventory is 7,919 units. What is the budgeted production (in units) for the year?__________________arrow_forward
- Osprey Cycles, Inc. projected sales of 57,336 bicycles for the year. The estimated January 1 inventory is 4,737 units, and the desired December 31 inventory is 6,778 units. What is the budgeted production (in units) for the year?fill in the blank 1 unitsarrow_forwardNeon Inc. has a finished goods inventory of 20,000 units on July 1. The projected sales for July, August and September are 80,000 units, 90,000 units and 100,000 units, respectively. Its desired ending inventory is estimated as 20% of the current month’s budgeted sales. Determine the budgeted production for July. Group of answer choices 116,000 units 16,000 units 96,000 units 76,000 unitsarrow_forwardOsprey Cycles, Inc. projected sales of 61,611 bicycles for the year. The estimated January 1 inventory is 4,381 units, and the desired December 31 inventory is 6,835 units. What is the budgeted production (in units) for the year?fill in the blank 1 unitsarrow_forward
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