Question

Brief Exercise 23-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,400...

Brief Exercise 23-3 Paige Company estimates that unit sales will be 10,500 in quarter 1, 12,400 in quarter 2, 14,700 in quarter 3, and 19,100 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017. PAIGE COMPANY Production Budget Quarter 1 2 Six Months : :

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,900 in quarter 1, 12,200...
Brief Exercise 9-3 Paige Company estimates that unit sales will be 10,900 in quarter 1, 12,200 in quarter 2, 14,200 in quarter 3, and 18,200 in quarter 4. Management desires to have an ending finished goods inventory equal to 25% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget Quarter 1 2 Six Months : :
Paige Company estimates that unit sales will be 11,000 in quarter 1, 12,800 in quarter 2,...
Paige Company estimates that unit sales will be 11,000 in quarter 1, 12,800 in quarter 2, 15,000 in quarter 3, and 18,900 in quarter 4. Management desires to have an ending finished goods inventory equal to 25% of the next quarter’s expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. PAIGE COMPANY Production Budget choose the accounting period June 30, 2020For the Six Months Ending June 30, 2020For the Quarter Ending June 30,...
Exercise 23-6 On January 1, 2017, the Hardin Company budget committee has reached agreement on the...
Exercise 23-6 On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: First quarter 5,300; second quarter 6,000; third quarter 7,800 Ending raw materials inventory: 40% of the next quarter’s production requirements Ending finished goods inventory: 25% of the next quarter’s expected sales units Third-quarter production: 7,360 units. The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage...
Zeller Company estimates that 2017 sales will be $40,000 in quarter 1, $48,000 in quarter 2,...
Zeller Company estimates that 2017 sales will be $40,000 in quarter 1, $48,000 in quarter 2, and $58,000 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 10% of the next quarter’s expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017.
On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data...
On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: First quarter 5,100; second quarter 6,300; third quarter 7,300 Ending raw materials inventory: 40% of the next quarter’s production requirements Ending finished goods inventory: 25% of the next quarter’s expected sales units Third-quarter production: 7,670 units. The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to...
Exercise 23-7 Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows....
Exercise 23-7 Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units April 2,520 May 2,440 June 2,390 The target ending inventory of finished products is as follows. March 31 2,010 April 30 2,280 May 31 2,170 June 30 2,330 2 units of material are required for each unit of finished product. Production for July is estimated at 2,750 units to start building inventory for the fall sales period. Rensing’s policy is to have...
On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data...
On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 7,000; third quarter 7,600. Ending raw materials inventory: 40% of the next quarter’s production requirements. Ending finished goods inventory: 25% of the next quarter’s expected sales units. Third-quarter production: 7,840 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to...
uqua Company’s sales budget projects unit sales of part 198Z of 10,700 units in January, 12,400...
uqua Company’s sales budget projects unit sales of part 198Z of 10,700 units in January, 12,400 units in February, and 13,500 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2016....
*Do It! Review 21-5 Your answer is partially correct. Try again. Zeller Company estimates that 2017...
*Do It! Review 21-5 Your answer is partially correct. Try again. Zeller Company estimates that 2017 sales will be $43,200 in quarter 1, $51,300 in quarter 2, and $63,000 in quarter 3. Cost of goods sold is 50% of sales. Management desires to have ending finished goods inventory equal to 12% of the next quarter’s expected cost of goods sold. Prepare a merchandise purchases budget by quarter for the first 6 months of 2017. ZELLER COMPANY Merchandise Purchases Budget [Entry...
Your company had the following projected unit sales for 2021: 2021 quarter 1: 59,600units 2021 quarter...
Your company had the following projected unit sales for 2021: 2021 quarter 1: 59,600units 2021 quarter 2: 21,300 units 2021 quarter 3: 48,300 units 2021 quarter 4: 54,500 units 2022 quarter 1: 43,400 units -each unit produced needs 5 pounds of direct materials. The company had 29000 pounds of direct materials in its ending inventory on decmeber 31, 2019. The company prefers to keep 15000 pounds of direct materals in ending inventory. -the company had 6500 units in its ending...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT