If a company’s quarterly production budget is for 54,000 units to be produced, its beginning inventory is 14,400 units, and its projected ending inventory is 16,800 units, what is the company’s budgeted sales in units? Select one: a. 51,600 b. 56,400 c. 54,000 d. 68,400
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If a company’s quarterly production budget is for 54,000 units to be produced, its beginning inventory is 14,400 units, and its projected ending inventory is 16,800 units, what is the company’s budgeted sales in units?
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- If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning inventory is 400 units, the number of units set forth in the production budget, representing total production for the current period, is оо a. 7,100 units b. 7,000 units c. 6,700 units d. 7,400 units(J) please answer ASap... Question 1 The following table presents selected information for Superior Flooring's monthly production budgets for the coming year. Superior's inventory policy is to have ending inventory equal to 10% of the next month's sales. What is the beginning inventory in June? A. 350 B. 310 C. 250 D. 340 Question 2 Which of the following statements is true? A. A budget reconciliation report shows the difference between actual profit and budgeted profit and does not show the other variances. B. Activity-based costing is not used to evaluate customer profitability. C. Sales quantity (budgeted sales volume vs. actual sales volume) is the only item which differs between the master budget and the flexible budget. D. Comparing the flexible budget to the as-if budget isolates a change in input price (e.g. budgeted input price vs. actual input price). Question 3 Which of the following is not a benefit of budgeting? A. It reduces the need for analysis with regard to company…A company has the following budget formula for annual electricity expense in its shop: Expense = P 7,200 + (PO.60 x units produced) If management expects to produce 200,000 units during March, the appropriate budget for electricity would be. 1. P 7,200 2. P 12,000 3. P 12,600 4. P 19,200 О1 04
- If a company plans to sell 40000 units of product but sells 60000 units, the most appropriate comparison of the cost data associated with the sales will be by a budget based on O 60000 units of activity. O40000 units of activity. O the original planned level of activity. O 50000 units of activity.5. Archer's cost accountant prepared the following static budget based on expected activity of 4,000 units for the May 2022 accounting period: Sales Revenue $64,000 Variable Costs (34.000) Contribution Margin $30,000 (20.000) $10,000 Fixed Costs Net Income a. If Archer's sales manager were to prepare a flexible budget for expected activity of 4,300 units, budgeted net income on this flexible budget would be? b. If Archer actually produced and sold 4,300 units at $20 each, what is the sales revenue activity/volume variance? Indicate favorable / unfavorable variances c. If Archer actually incurred the following costs during May 2022: Sales Revenue Variable Costs Contribution Margin $49,000 Fixed Costs $86,000 (37.000) (22.000) $27,000 Net Income The flexible budget variance for: Indicate favorable / unfavorable variances i. Fixed costs: ii. Variable costs:A company has the following budget formula for annual electricity expense in its shop: Expense = P 7,200 + (P0.60 x units produced) If management expects to produce 200,000 units during March, the appropriate budget for electricity would be. P 7,200 P 12,000 P 12,600 P 19,200 Group of answer choices 1 2 3 4
- a) Why do successful companies tend to use the bottom-up approach to establish a master budget? b) Green Tea’s data show the following information for the financial year, beginning July 2020: July Aug. Sept. Oct. Nov. Estimated sales (units) 25,000 25,000 27,000 27,500 28,000 Sales price per unit $31 $31 $31 $31 $31 Direct labour per unit $1.75 $1.75 $1.50 $1.50 $1.50 Labour rate per hour $21 $21 $24 $24 $24 New machinery will be added in September. This machine will reduce the labour required per unit and increase the labour rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month’s requirements. Direct material requires 2.5 kg per unit at a cost of $5 per kg. The ending inventory required for direct materials is 20% of the next month’s needs. In July, the beginning inventory is 3,750 units of finished goods and 13,125 kg of…Q.Production budget. Superior Industries sales budget shows quarterly sales for the next year as follows: Quarter 1–10,000; Quarter 2–8,000; Quarter 3–12,000; Quarter 4–14,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 20% of the next quarter’s sales. Budgeted production for the second quarter of next year would be: 1. 7,200 units; 2. 8,800 units; 3. 12,000 units; 4. 10,400 unitsMuhanga Corporation sells three products: R, S, and T. Budgeted information for the upcoming accounting period follows. Product Sales Volume (Units) Selling Price Variable Cost R 17,600 $ 19 $ 13 S 13,600 15 6 T 54,800 16 10 What is the company's weighted-average unit contribution margin?
- The production budget shows that expected sales units are 47500. The total required units are 54000. What are the required production units? a. 9750 b. 13000 c. 6500 d. Cannot be determined from the data providedA. SALES AND PRODUCTION BUDGET (1 Rak Sarang Corporation expects to sell 5,000 units in the first year, followed by a 300-unit increment in subsequent quarters. The company believes that by retaining an ending inventory equivalent to 15% of the next quarter's anticipated sales volume, it can satisfy future sales requirements. Based on a sales price of P150 per unit: a. Prepare the Sales Budget (For the year 2022). b. Prepare the Production Budget (For the year 2022).Based on a predicted level of production and sales of 30,000 units, a company anticipates total contribution margin of $105,000, fixed costs of $40,000, and income of $65,000. Based on this information, the budgeted income for 28,000 units would be: Select one: a. $58,000. b. $ 105,000. c. $52,000. d. $135,333. e. $72,500.