Jel and solve each question below completely. ormation for Martin Company for 20

Question

Jel and solve each question below completely. ormation for Martin Company for 2014 is as follows: (2 points) 1. Selected financial inf Sales Cost of Goods $498,000 Sold 320,000 Merchandise Inventory Beginning Of year End of year 72,000 80,000 ow many times did Martin's merchandise inventory turnover during 2014? Round your answer to the nearest decimal. 2. Sandford Company manufacturers one product. Its variable cost is $16 per unit: total fixed manufacturing cost is $600,000. (3 points) Calculate Sandford's total manufacturing costs if it produces 10,000 units. 2 1 What would the total cost per unit (including both fixed and variable costs) assuming that Sandford produces 10,000 unites? Calculate Sandford's total manufacturing costs if it produces 20,000 units? 4 3 What would be the total cost per unit assuming that Sandford produces 20,000 units? 5 Compare your answers from parts 2 and 4. If the cost per unit is 10,000 units than at 20,000 units. Explain why. budgted The Game Zone sells computer and other electronic games. The store has budgeted sales for January 2014 as indicated in the following table. The company expects a 4 percent increase in sales for the month of February and a 3 per cent increase for March. (2 points) Sales 3. following table. percent increase in February January $40,000 March Cash Sales Sales on Account80,000 Total Budgeted Sales $120,000 Complete the sales budget by filling in the missing amounts. What is the amount of sales revenue the company will report on its pro forma income statement for the first quarter? a

Explanation / Answer

Solution:

Since all the questions are individual, I am answering Question 1. For rest please ask separate question:

Question 1 ---

Merchandise Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory

This ratio indicates how fast inventory is sold. It describes the efficiency of management to convert its Inventory into sales.

Here,

Cost of Goods Sold (given) = $320,000

Average Inventory = (Beginning + Ending) / 2 = (72,000 + 80,000) / 2 = $76,000

Merchandise Inventory Turnover = Cost of Goods Sold $320,000 / Average Inventory $76,000 = 4.21 times

Hope the above calculations, working and explanations are clear to you and help you in understanding the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you

Pls ask separate question for remaining parts.

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