question archive 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales (units)
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales (units)
Subject:AccountingPrice: Bought3
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units)...... 8000 7000 6000 7000
The company expects to start the first quarter with 1600 units in finished goods inventory. Management desire an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1700 units.
In addition the beginning raw material inventory for the first quarter is budgeted to be 3120 kilograms and the beginning accounts payable for the first quarter is budgeted to be $14820.
Each unit requires two kilograms of raw material that costs $4 per kilogram. Management desires to end each quarter with an inventory of raw material equal to 20%of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3140 kilograms. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.
Required:
1) Prepare the company's production budget for the upcoming fiscal year.
2) Prepare the company's direct materials budget and schedule of expected cash disbursement for materials for the upcoming fiscal year.
