1)Below is budgeted production and sales information for Flushing Company for th
ID: 2557205 • Letter: 1
Question
1)Below is budgeted production and sales information for Flushing Company for the month of December:
The unit selling price for product XXX is $4 and for product ZZZ is $13.
Budgeted sales for the month are
a.$3,720,000
b.$8,292,000
c.$12,090,000
d.$7,518,000
2)Production and sales estimates for May for the Cardinal Co. are as follows:
The number of units expected to be sold in May is
a.20,070
b.22,300
c.13,500
d.26,760
3)Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
(1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.
(2) Insurance expense is $840 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).
(3) Property tax is paid once a year in November.
The cash payments for Finch Company expected in the month of June are
a.$258,250
b.$161,250
c.$209,750
d.$48,500
4)Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
(1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.
(2) Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).
(3) Property tax is paid once a year in November.
The cash payments for Finch Company expected in the month of June are
a.$214,000
b.$212,000
c.$215,500
d.$188,800
5)Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
(1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.
(2) Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the quarter, (i.e., January, April, July, and October).
(3) Property tax is paid once a year in November.
The cash payments expected for Finch Company in the month of May are
a.$149,900
b.$185,600
c.$189,100
d.$187,600
6)Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of B is 3,000 units.
Budgeted production of Product B for the year would be
a.23,200 units
b.22,500 units
c.24,500 units
d.26,500 units
7)Next year’s sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of B is 3,000 units.
Total budgeted sales of both products for the year would be
a.$264,000
b.$464,000
c.$42,000
d.$200,000
Product XXX Product ZZZ Estimated beginning inventory 29,400 units 19,500 units Desired ending inventory 36,800 units 14,100 units Region I, anticipated sales 313,000 units 274,000 units Region II, anticipated sales 195,000 units 148,000 unitsExplanation / Answer
Dear student, only one question is allowed at a time. I am answering the first question
1)
So, as per above calculations, option d is the correct option
Calculations Product XXX ZZZ Total A Region I, anticipated sales 313000 274000 B Region II, anticipated sales 195000 148000 C = A + B Total Sales quantity 508000 422000 D Selling price per unit 4 13 E = C x D Total Sales Value 2032000 5486000 7518000Related Questions
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