Sheldon Industries' sales budget shows quarterly sales for 2020 as follows: Quarter First Second Third Fourth Sales (Units) 10,000 8,000 12,000 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. Prepare a production budget for the second quarter, in good form.

MORGAN Merchandising is preparing its Production Budget for the 3rd Quarter of 2020. Its Sales Budget is prepared using a budgeted sales price per unit agreed upon at the beginning of the year. To help in the Production budget preparation, the following information are given: 1. Inventories at the end of 2019 can be sold for a total of P225,000 at a sales price of P250 per unit. 2. Production runs are only done at the start of each quarter. 3. A minimum of 200 units are to be maintained at the end of each quarter to serve as buffer stocks. 4. Budgeted quantities sold for the 1st quarter of 2020 is 4,500 units. 5. It is forecasted that the same quantities will be sold per month of each quarter. 6. It is estimated that quantities sold will increase by 500 units at the start of each quarter. 7. MORGAN Merchandising estimates a gross profit rate of 35%. What is the beginning inventory for March 2020? A 200 В 1,700 c) 1,500

Waterways Corporation is preparing its budget for the coming year, 2020. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process. Sales     Unit sales for November 2019   111,000 Unit sales for December 2019   101,000 Expected unit sales for January 2020   113,000 Expected unit sales for February 2020   113,000 Expected unit sales for March 2020   118,000 Expected unit sales for April 2020   124,000 Expected unit sales for May 2020   137,000 Unit selling price   $12 Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2019, totaled $181,800.Direct MaterialsDirect materials cost 80 cents per pound. Two pounds of direct materials…

The following forecasted information was taken from the books of Pakhama Enterprises. Month 2020                                       Budgeted Sales(R)January                                              120 000February                                            140 000March                                                168 000April                                                   144 000May                                                    128 000June                                                    100 000 The following information is also provided for Pakhama Enterprises:60% of all sales is on credit.Debtors are expected to pay their debts as follows:• 70% in the first month after the sale (after 30 days)• 20% in the second month after the sale (after 60 days)• 7 % in the third month after the sale (after 90 days)• 3% is irrecoverable Credit losses are written off at the end of the month in which the last instalment is received.Debtors will amount to R104 994 on 1 Jan…