Loose Leaf for Foundations of Financial Management Format: Loose-leaf
17th Edition
ISBN: 9781260464924
Author: BLOCK
Publisher: Mcgraw Hill Publishers
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Chapter 4, Problem 20P
Ultravision Inc. anticipates sales of
Materials are paid for one month after the month purchased. Materials purchased in December of last year were
Fixed overhead is
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Ultravision Incorporated anticipates sales of $270,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January, February, March, and April. Materials are paid for one month after the month purchased. Materials purchased in December of last year were $23,000 (half of $46,000 in sales). Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April. The labor figures are: January $ 13,000 February 16,000 March 13,000 April 18,000 Fixed overhead is $9,000 per month. Prepare a schedule of cash payments for January through April.
Ultravision Inc. anticipates sales of $460,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of January, February, March, and April.
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Materials are paid for one month after the month purchased. Materials purchased in December of last year were $42,000 (half of $84,000 in sales). Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April. The labor figures are:
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January
$32,000
February
35,000
March
32,000
April
37,000
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Fixed overhead is $28,000 per month.
Prepare a schedule of cash payments for January through April. (Assume the $460,000 of sales occur equally over the four months of January through April, i.e. Monthly sales = $460,000 / 4.)
Ultravision Inc. anticipates sales of $420,000 from January through April. Materials will represent 50 percent of sales, and because of
level production, material purchases will be equal for each month during the four months of January, February, March, and April.
Materials are paid for one month after the month purchased. Materials purchased in December of last year were $38,000 (half of
$76,000 in sales). Labor costs for each of the four months are slightly different due to a provision in the labor contract in which
bonuses are paid in February and April. The labor figures are:
January
February
March
April
$28,000
31,000
28,000
33,000
Fixed overhead is $24,000 per month.
Prepare a schedule of cash payments for January through April. (Assume the $420,000 of sales occur equally over the four months
of January through April, i.e. Monthly sales = $420,000 / 4.)
Ultravision Inc.
Cash Payment Schedule
December
January
February
March
April
Monthly material purchase
Payment to material…
Chapter 4 Solutions
Loose Leaf for Foundations of Financial Management Format: Loose-leaf
Ch. 4 - What are the basic benefits and purposes of...Ch. 4 - Explain how the collections and purchases...Ch. 4 - With inflation, what are the implications of using...Ch. 4 - Explain the relationship between inventory...Ch. 4 - Prob. 5DQCh. 4 - Discuss the advantage and disadvantage of level...Ch. 4 - What conditions would help make a percent-of-sales...Ch. 4 - Prob. 1PCh. 4 - Philip Morris expects the sales for his clothing...Ch. 4 - Galehouse Gas Stations Inc. expects sales to...
Ch. 4 - The Alliance Corp. expects to sell the following...Ch. 4 - Prob. 5PCh. 4 - Cyber Security Systems had sales of 3,500 units at...Ch. 4 - Dodge Ball Bearings had sales of 15,000 units at...Ch. 4 - Sales for Ross Pro’s Sports Equipment are expected...Ch. 4 - Vitale Hair Spray had sales of 13,000 units in...Ch. 4 - Delsing Plumbing Company has beginning inventory...Ch. 4 - On December 31 of last year, Wolfson Corporation...Ch. 4 - At the end of January, Higgins Data Systems had an...Ch. 4 - At the end of January, Mineral Labs had an...Ch. 4 - Convex Mechanical Supplies produces a product with...Ch. 4 - The Bradley Corporation produces a product with...Ch. 4 - Sprint Shoes Inc. had a beginning inventory of...Ch. 4 - J. Lo’s Clothiers has forecast credit sales for...Ch. 4 - Simpson Glove Company has made the following sales...Ch. 4 - Watt’s Lighting Stores made the following sales...Ch. 4 - Ultravision Inc. anticipates sales of $290,000...Ch. 4 - The Denver Corporation has forecast the following...Ch. 4 - Wright Lighting Fixtures forecasts its sales in...Ch. 4 - The Volt Battery Company has forecast its sales in...Ch. 4 - Graham Potato Company has projected sales of...Ch. 4 - Harry’s Carryout Stores has eight locations. The...Ch. 4 - Archer Electronics Company’s actual sales and...Ch. 4 - Prob. 27PCh. 4 - The Manning Company has financial statements as...Ch. 4 - Conn Man’s Shops, a national clothing chain, had...
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