The required production of a product manufactured by Ditto Manufacturers for 2023 is 38 000 units. The opening inventory on 01 January 2023 was 6 000 units and a closing inventory of 4 000 units is desired on 31 December 2023. What are the expected sales of the product for 2023? A. 40 000 units B. 48 000 units C. 28 000 units D. 36 000 units
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The required production of a product manufactured by Ditto Manufacturers for 2023 is 38 000 units. The opening inventory on 01 January 2023 was 6 000 units and a closing inventory of 4 000 units is desired on 31 December 2023. What are the expected sales of the product for 2023?
A. 40 000 units
B. 48 000 units
C. 28 000 units
D. 36 000 units
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- Use the information provided below to calculate the Cost of sales for 2023. INFORMATION Oyster Manufacturers had an inventory of 30 000 units of Product B (at a production cost of R11 per unit) on 01 January 2023. An additional 600 000 units are expected to be produced during 2023. The unit production cost of Product B is expected to be R12 per unit during 2023. An inventory of 45 000 units is expected on 31 December 2023. The first-in-first-out method of valuing inventories is used.Wildhorse Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April May June Units March 31 April 30 May 31 June 30 3,090 3,190 2,960 The target ending inventory of finished products is as follows. 2,440 2,620 2,600 2,900 Two units of materials are required for each unit of finished product. Production for July is estimated at 3,210 units to start building inventory for the fall sales period. Wildhorse's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases costTotal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 600 units? Periods Total Cost No.of Units January February 36,800 400 37,580 415 March 39,400 450 April May 40,960 480 42,260 505 June 43,820 535 July 44,860 555 Select one: O a. 51350 O b. 48000 O c. 53650 O d. 47200 - here to search 3 4 56 6 1 8A9 4 0
- Complete the table below. Given the following information, estimatethe quarterly production in 2019.a. Inventories as of December 31, 2018, 450,000 unitsb. Projected sales and target level of ending inventories are given on the following tableCrane Ltd. estimates sales for the second quarter of 2022 will be as follows. Month Units April 3,190 May 3,290 June 3,060 The target ending inventory of finished products is as follows. March 31 2,520 April 30 2,700 May 31 2,680 June 30 3,000 Two units of materials are required for each unit of finished product. Production for July is estimated at 3,310 units to start building inventory for the fall sales period. Crane’s policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month’s production requirements.Raw materials are expected to cost $4 per unit throughout the period.Calculate the May raw materials purchases in dollars.Target Level of Endil с. 2. Given the following information, estimate the quarterly production in 2016. 450 000 units a. Inventories, December 31, 2015 b. Projected Quarterly Sales and Target Level of Ending Inventories in 2016: Target Level of Ending Inventories Quarter Projected Sales 500 000 Quarter 1 Quarter 2 Quarter 3 Quarter 4 3 500 000 4 500 000 500 000 5 000 000 1000 000 8 000 000 550 000 Requirements: Determine the production for each quarter in 2016. a. b. How many units are expected to be produced in 2016? С. How many units are expected to be sold in 2016?
- A company plans to sell 24,000 units of product R next year. Opening inventory of R is expected to be 2,000 units and PQ Co plans to increase inventory by 25 per cent by the end of the year. How many units of product R should be produced next year? A 23,500 units B 24,000 units C 24,500 units D 30,000 unitsThe following sales information was extracted from the books of APEX Ltd during 2020. The company produces two products, Natural life and physical life. Sales forecast January- April 2020 Details January February March April Total Natural life 1,800 2,200 3,200 2,500 9,700 Physical life 2,200 1,700 1,500 2,700 8,100 Notes: The ending stock of finished goods each month is to be held equal to 20% of the forecasted sales for the next month. Raw material stocks at the end of each month are to be held at a level equal to twenty-five (25%) percent of the sales for that month. Sales for December 31, 2019 were Natural life 3,000 units; and Physical life 2,600 units. To make one unit of Natural life, five (5) units of raw material X12 are used, while four (4) units of raw material Z100 are used to make one unit of Physical life During 2020 the company sold one unit of Natural life for $650 and one unit of Physical life for $775. Budgeted sales for…The following sales information was extracted from the books of APEX Ltd during 2020. The company produces two products, Natural life and physical life. Sales forecast January- April 2020 Details January February March April Total Natural life 1,800 2,200 3,200 2,500 9,700 Physical life 2,200 1,700 1,500 2,700 8,100 Notes: The ending stock of finished goods each month is to be held equal to 20% of the forecasted sales for the next month. Raw material stocks at the end of each month are to be held at a level equal to twenty-five (25%) percent of the sales for that month. Sales for December 31, 2019 were Natural life 3,000 units; and Physical life 2,600 units. To make one unit of Natural life, five (5) units of raw material X12 are used, while four (4) units of raw material Z100 are used to make one unit of Physical life During 2020 the company sold one unit of Natural life for $650 and one unit of Physical life for $775. Budgeted sales for…
- Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the total cost in August if the company produces 470 units? Periods Total Cost No.of Units January 300 30,600 February 31,120 310 March 31,900 325 April 350 33,200 Мay 380 34,760 June 410 36,320 July 37,360 430 Select one: a. 41,550 O b. 48,000 c. 43,650 d. 39,440Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 700 units? Periods Total Cost No.of Units January 45,750 500 February 46,305 510 March 46,860 520 48,248 545 April May June 49,358 565 50,190 580 July 51,855 610 Select one: O a. 61,150 O b. 59,330 Oc.56,850 O d. 58,650Patiomaster Products manufactures patio furniture. The estimated numbers of sets to be sold for the last three months of 2022 is: Month Sales October 10,000 November 7,000 December 5,000 January 6,000 Finished goods inventory at the end of September is expected to be 3,000 units. Finished goods inventory is set at 30 percent of next month's sales. How many patio sets will need to be produced in October? Select one: a. 9,100 units b. 10,000 units c. 10,900 units d. 7,000 units e. none of these