Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. HD-240 Quarter 1 2 3 4 5,400 7,430 8,450 10,230 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the f quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020.

At January 1, 2022, Oriole Company has beginning inventory of 3000 surfboards. Oriole estimates it will sell 11000 units during the first quarter of 2022 with a 10% increase in sales each for the following quarters. Oriole's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $100 and is sold for $155. What is the budgeted sales revenue for the third quarter of 2022 $2247500 $2063050 $13310 5542500

The Martin Company expects its total sales in the first quarter of 2024 will be $200,000 . Martin estimates that , in each subsequent quarter , total sales will increase by 10 % of the sales in the immediately preceding quarter . Martin estimates that 60 % of each quarter's sales will be on account , and 40 % will be for cash . Of the amount on account , 75% will be collected in the same quarter the sale occurred , and 25 % will be collected in the following quarter . Assume Martin will have no accounts receivable at the beginning of 2024. The balance in the Accounts Receivable account at the end of the third quarter is expected to be:   $42,000 $ 30,000 $36,300 $ 60,000 $108,900

Narai Co. has a desired ending inventory of 30% of the next months forecasted sales. In turn, their cost of goods sold is 60%, and their forecasted sales for the months of March, April, May, June, and July are as follows: $750,000, $880,000, $700,000, $800,000, and $900,000 respectively. Purchases for the months of February and March were $500,000 and $360,000 and their purchases are paid as follows: 10% during the month of the purchase 80% in the next month and the final 10% in the next month.   Required: Prepare budget schedules for the months of April, May, and June for required purchases and also for disbursements for purchases.

A shirt manufacturing company expects to be able to sell 15,000 shirts in April 2022. Sales volumes are expected to grow at 5% per month cumulatively thereafter throughout 2022. The following additional information is available. 1. The company intends to carry a stock of finished garments sufficient to meet 40% of the next month's sales. 2. The company intends to carry sufficient raw material stock to meet the following month's production. 3.Estimated costs and revenues per shirt are as follows: Sales price Per shirt K 30 Raw materials Fabric at K12 per square metre (12) Dyes and cotton Direct labour at K8 per hour Fixed overheads at K4 per hour Profit (3) (4) (2) K9 Required: Prepare the following budgets on a monthly basis for each of the three months July to September 2022: (i) A sales budget showing sales units and sales revenue; (ii) A production budget (in units); (iii) A fabric purchases budget (in square metres). (iv) Labour hours and cost budget

Concord Company estimates that 2022 sales will be $34,400 in quarter 1, $41,280 in quarter 2, and $49,880 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2022. v: v ✓ CONCORD COMPANY Merchandise Purchases Budget $ $ 1 Quarter $ $ 2 $ Six Months

Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter   HD-240 1   5,100 2   7,320 3   8,280 4   10,430 The January 1, 2017, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter’s sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017.Prepare quarterly production budgets for each quarter and in total for 2017. TURNEY COMPANYProduction Budgetchoose the accounting period                                                            Product HD-240   Quarter       1   2   3   4   Year select an opening Production Budget item                                                              Enter a number of units   Enter a number of units   Enter a number of units   Enter a number of units     select between addition and deduction…

Sales in December (2019) were 4000 units @ sar10 per unit. Monthly sales for the first four months of the next year (2020) are forecasted as follows:                    Months                                          units                                                          January                                          5,000                   February                                        8,000                   March                                            6, 000                   April                                              5, 000 Unit selling price SAR 10 The following information given to you as follows: Normally 60% of sales are collected in the month incurred and the remainders are collected in the month following the sales. Dallah groups wants closing stock equals 10% of the following month’s budgeted sales in units. on December 31 st , 400 units  were on hand. Material required for the required production units  are 3,500 Mts , 4,500 Mts., and 6,500 Mts.…