Q1: Below is budgeted production and sales information for Flushing Company for
ID: 2400082 • Letter: Q
Question
Q1:
Below is budgeted production and sales information for Flushing Company for the month of December:
The unit selling price for product XXX is $6 and for product ZZZ is $13. Budgeted sales for the month are
$9,394,000
$8,694,000
$12,376,000
$5,712,000
Q2:
Below is budgeted production and sales information for Flushing Company for the month of December:
The unit selling price for product XXX is $7 and for product ZZZ is $16. Budgeted production for product ZZZ during the month is
408,300 units
392,200 units
583,400 units
393,000 units
Q3:
Magnolia, Inc. manufactures bedding sets. The budgeted production is for 14,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,350 yards with the desired ending balance of 6,100 yards of material. If the material costs $7.40 per yard, determine the materials budget for the year.
$
Q4:
Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 30,200 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $16.70 per hour. Determine the direct labor budget for this year.
Product XXX Product ZZZ Estimated beginning inventory 31,600 units 17,100 units Desired ending inventory 35,100 units 14,200 units Region I, anticipated sales 345,000 units 279,000 units Region II, anticipated sales 181,000 units 147,000 unitsExplanation / Answer
Q1
Product XXX
Product ZZZ
Estimated beginning inventory
31,600 units
17,100 units
Desired ending inventory
35,100 units
14,200 units
Region I, anticipated sales
345,000 units
279,000 units
Region II, anticipated sales
181,000 units
147,000 units
Sales
Product XXX
Product ZZZ
$ 3,156,000.00
$ 5,538,000.00
Total
$ 8,694,000.00
Correct Answer (B)
$ 8,694,000.00
Q2
Product ZZZ
(A) Desired ending inventory
15,300
(B) Region I, anticipated sales
251,000
(C ) Region II, anticipated sales
142,000
(D) Estimated beginning inventory
16,100
(A+B+C-D) Desired Production
392,200
Correct Answer (B)
392200 Units
Q3
Material Budget
Production units
14800
Yards required per Unit
$ 7.00
Total Yards Needed for production
103600
Add: Desired Ending Material Invemtory
6100
Less: Opening Inventory
4350
Total Purchases (Yards in Unit)
105350
Cost per Yard
$ 7.40
Total value of Purchases
$ 779,590.00
Q4
Labor cost Budget
Production units
30200
Labor Hours per Unit
1.5
Total Labour Hours required
45300
Rate per Hour
$ 16.70
Total Labor Cost
$ 756,510.00
Q1
Product XXX
Product ZZZ
Estimated beginning inventory
31,600 units
17,100 units
Desired ending inventory
35,100 units
14,200 units
Region I, anticipated sales
345,000 units
279,000 units
Region II, anticipated sales
181,000 units
147,000 units
Sales
Product XXX
Product ZZZ
$ 3,156,000.00
$ 5,538,000.00
Total
$ 8,694,000.00
Correct Answer (B)
$ 8,694,000.00
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