Please answer the following two independent questions. PLEASE NOTE: Unit answers are without labels and are rounded to whole numbers and shown with commas as needed (i.e. 12,345). Blue Book printing is budgeting sales of 25,000 units and already has 5,000 units in beginning inventory. How many units must be produced to also meet the 7,000 units required in ending inventory? Units produced equals ? . How many units are in beginning inventory if 32,000 units are budgeted for sales, 35,000 units are produced, and the desired ending inventory is 9,000 units. Beginning Inventory is ? units.

Required information [The following information applies to the questions displayed below.] Iguana, Incorporated, manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.50 per foot. Each frame takes approximately 30 minutes to build, and the labor rate averages $14 per hour. Iguana has the following inventory policies: Ending finished goods inventory should be 40 percent of next month's sales. Ending direct materials inventory should be 30 percent of next month's production. Expected unit sales (frames) for the upcoming months follow: March 370 April 440 May 490 June 590 July 565 615 August Variable manufacturing overhead is incurred at a rate of $0.40 per unit produced. Annual fixed manufacturing overhead is estimated to be $7,200 ($600 per month) for expected production of 4,500 units for the year. Selling and administrative expenses are estimated at $650 per month plus $0.50 per unit sold. Iguana, Incorporated, had…

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What is the multiple choice answer for numbers 7 8 and 9?

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1) Gertrude Products expects the following sales of its single product:     Units July 6,000 August 6,500 September 7,200 October 7,800 November 8,800   Gertrude desires an ending finished goods inventory to be equal to 20% of the next month's sales needs. July 1 inventory is projected to be 1,000 units. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 10,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 30% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs.   a Prepare a production budget for Gertrude for July, August and September. a. Production July August September Qtr. Total Sales           +Ending Inv.           -Beginning Inv.           Production               b. Prepare a direct materials…

Please answer the following two independent questions. PLEASE NOTE: Unit answers are without labels and are rounded to whole numbers and shown with commas as needed (i.e. 12,345). · Blue Book printing is budgeting sales of 25,000 units and already has 5,000 units in beginning inventory. How many units must be produced to also meet the 7,000 units required in ending inventory? Units produced equals · How many units are in beginning inventory if 32,000 units are budgeted for sales, 35,000 units are produced, and the desired ending inventory is 9,000 units? Beginning Inventory is units.

keep costs down, CGC maintains a warehouse but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year: 1. Expected monthly sales for April, May, June, and July are $180,000, $150,000, $270,000, and $50,000, respectively. 2. Cost of goods sold is 45 percent of expected sales. 3. CGC's desired ending inventory is 55 percent of the following month's cost of goods sold. 4. Monthly operating expenses are estimated to be: . Salaries: $33,000. ° Delivery expense: 8 percent of monthly sales. • Rent expense on the warehouse: $2,500. • Utilities: $500. • Insurance: $330. • Other expenses: $430. Required: 1. Compute the budgeted cost of purchases for each month in the second quarter. 2. Complete the budgeted income statement for each month in the second quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the budgeted cost of purchases for each month in the second quarter. Total Cost of…

Subject : Accounting