Sales volume - 60,000 units Sales Price - $25/unit Production EI 10,000 units Production BI 6,000 units Required: 1. Prepare a sales budget 2. Prepare a production budget
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Sales volume - 60,000 units
Sales Price - $25/unit
Production EI 10,000 units
Production BI 6,000 units
Required:
1. Prepare a sales budget
2. Prepare a production budget
Step by step
Solved in 2 steps with 2 images
- Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,500 March 13,700 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: a. Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month's sales. b. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #1298 2 $4 4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month's production needs. This is exactly the amount of material on hand on January 1. c. The direct labor used per unit of output is one and…1. Fruit Tea's data show the following information: Estimated sales (units) Sales price per unit Direct labor per unit Labor rate per hour a. Sales budget b. Production budget Dec. 28,000 $ 31 1.75 $ $ 1.50 $ 21 $ 21 $ 24 $ 24 $ 24 C. Direct materials budget d. Direct labor budget Aug. 25,000 $ 31 LA LA LA $ Sept. 25,000 31 1.75 1.75 Oct. Nov. 27,000 27,500 31 $ 31 $ 1.50 1.50 $ 1.50 $ New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor 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 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. For the first quarter ending in October prepare a:Consider the following information from the sales budget (Sales in units) Mar Jan 8,500 Feb 8,000 Nov Dec 16,000 Oct 6,000 18,000 5,000 Sales Additional information: Sales price: $8.00; Credit sales = 80.0% of total sales Ending inventory requirements: Production budget 40.0%; Purchases budget %3D %3D 10.0% Material required for each product 6.0 kilograms of recycled aluminum; the price per kilogram of recycled aluminum = $0.80 !! %3! Compute the cost of material purchased in November. $74,496 $80,544 $82,560 $85,440
- Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and desired inventory level for the four quarters of the year ending December 31, 2022. Quarter 1 sales Quarter 2 sales Quarter 3 sales Quarter 4 sales Desired ending finished goods inventory based on next quarter's expected unit sales Unit selling price 10,000 14,000 15,000 18,000 25% $ 70.00 Prepare a production budget by quarters for the first 6 months of 2022. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or this work area as indicated. Use the SUM function with cell referencing for totals. Paige Company Production Budget For the Six Months Ending June 30, 2022 Quarter 1 10,000 Expected unit sales Add: Desired ending finished goods units Total required units Less: Beginning finished goods units Required production…Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June. U500 S1000 Estimated inventory (units), June 1 262 71 Desired inventory (units), June 30 301 62 Expected sales volume (units): Northeast Region 2,950 3,300 Southwest Region 5,650 4,900 Unit sales price $135 $215 a. Prepare a sales budget. all mounts posi numbers. ULTIMATE AUDIO COMPANY Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Sales Price Total Sales Model U500: Northeast Region Southwest Region Total Next Check My Work Sign.outEX.22-06 Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget. Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): East Region West Region Unit sales price Rumble 262 301 2,700 5,900 $140 Thunder 66 57 2,400 5,150 $205
- Budgeted expenses of Total costs of $123,500 Variable costs of $100,500 and Fixed costs of $23,000 with Variable cost percent of 67% what is the Imcome before income taxesNetco's sales budget for the coming year is as follows. Item Volume in Units Sales Price Sales Revenue 1 200,000 2 150,000 300,000 3 Total sales revenue Select one: $50 10 30 a. $850,000 b. $1,050,000 c. $550,000 d. $750,000 $10,000,000 1,500,000 Items 1 and 3 are different models of the same product. Item 2 is a complement to Item 1. Past experience indicates that the sales volume of Item 2 relative to the sales volume of Item 1 is fairly constant. Netco is considering a 10% price increase for the coming year for Item 1, which will cause sales of Item 1 to decline by 20% while simultaneously causing sales of Item 3 to increase by 5%. If Netco institutes the price increase for Item 1, total sales revenue will decrease by 9,000,000 $20,500,000Q7 Duo, Incorporated, carries two products and has the following year-end income statement (000s omitted): Product AR-10 Product ZR-7 Budget Actual Budget Actual Units 2,600 3,600 7,200 6,700 Sales $ $ 13,000 $ 9,720 $ 14,400 $ 14,070 Variable costs 2,860 3,600 7,200 7,040 Fixed Costs 1,800 1,900 2,400 2,400 Total Costs $ 4,660 $ 5,500 $ 9,600 $ 9,440 Operating income $ 8,340 $ 4,220 $ 4,800 $ 4,630 The net effect of AR-10's sales volume variance on profit is: Multiple Choice $2,880 favorable. $1,950 favorable. $3,900 favorable. $3,150 favorable. $2,220 favorable.
- Budget Actual Sales Units 5,000 Selling Price $50 $250,000 6.000 Variable costs Variable costs $32 $160,000 Overheads Overheads $70,000 $70,000 Budget Profit $20,000 a) From the data above, flex the budget and show all the flexed costs and the profit b) List Two advantages of a flexed budget (Sales and Production Budgets Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Product and Area Model Rumble: North Region South Region Total Model Thunder: Unit Sales Volume Unit Selling Price 278 320 4,300 4,850 $130 Total Sales 69 60 3,800 4,200 $210Company A sells three products: B, C, and D. Budgeted information for the upcoming accounting period follows.Product Sales Volume (Units) Selling Price Variable CostB 16,000 ₱14 ₱9C 12,000 10 6D 52,000 11 8The company's weighted-average unit contribution margin is: