Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six...
Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six months of 2010
are as follows:
Month
Unit Sales
Month
Unit Sales
January
140,000
April
200,000
February
140,000
May
160,000
March
200,000
June
220,000
Beginning inventory for 2010 is 60,000 units. The budgeted
inventory at the end of a month is 30 percent of units to be sold
the following month. Purchase price per unit is $4.
Prepare a purchases budget in units and...
Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six...
Purchases Budget in Units and Dollars
Budgeted sales of The Music Shop for the first six months of 2010
are as follows:
Month
Unit Sales
Month
Unit Sales
January
130,000
April
190,000
February
160,000
May
190,000
March
190,000
June
230,000
Beginning inventory for 2010 is 40,000 units. The budgeted
inventory at the end of a month is 20 percent of units to be sold
the following month. Purchase price per unit is $3.
Prepare a purchases budget in units and...
Thunder Road Guitars specializes in vintage, used, and rare
guitars. Assume budgeted sales for the first...
Thunder Road Guitars specializes in vintage, used, and rare
guitars. Assume budgeted sales for the first six months of the year
are as follows:
Month
Unit Sales
Month
Unit Sales
January
15
April
18
February
12
May
22
March
16
June
20
Beginning inventory for the year is 7 units. The budgeted
inventory at the end of a month is 50% of units to be sold the
following month. Purchase price per unit is $800.
Prepare a purchases budget in...
Caba Corporation’s sales budget for the first half of the year
is as follows: Budgeted Sales...
Caba Corporation’s sales budget for the first half of the year
is as follows: Budgeted Sales January $ 115,000 February $ 198,000
March $ 220,000 April $ 250,000 May $ 210,000 June $ 290,000 Total:
$ 1,283,000 Sales are 30% cash and 70% on account. Sales on account
are to be collected over a three-month period, with 20% collected
in the month of the sale, 65% collected in the first month
following the sale, and 15% collected in the second...
The LaGrange Corporation had the following budgeted sales for
the first half of the current year:...
The LaGrange Corporation had the following budgeted sales for
the first half of the current year:
Cash Sales
Credit Sales
January
$
60,000
$
160,000
February
$
65,000
$
180,000
March
$
44,000
$
140,000
April
$
39,000
$
124,000
May
$
49,000
$
210,000
June
$
90,000
$
180,000
The company is in the process of preparing a cash budget and
must determine the expected cash collections by month. To this end,
the following information has been assembled:
Collections...
Lubriderm Corporation has the following budgeted unit sales for
the next six-month period:
Month Unit Sales...
Lubriderm Corporation has the following budgeted unit sales for
the next six-month period:
Month Unit Sales
June 130,000
July 100,000
August 160,000
September 200,000
October 140,000
November 180,000
There were 26,000 units of finished goods in inventory at the
beginning of June. Plans are to have an inventory of finished
products that equal 20% of the unit sales for the
next month.
Five pounds of materials are required for each unit produced.
Each pound of material costs $20. Raw material...
Month
Budgeted Cash Sales
Budgeted Credit Sales
Budgeted Cash Purchases
Budgeted Credit Purchases
December
8,000
21,000...
Month
Budgeted Cash Sales
Budgeted Credit Sales
Budgeted Cash Purchases
Budgeted Credit Purchases
December
8,000
21,000
January
9,000
23,000
February
11,000
25,000
March
77,800
12,000
12,000
22,000
March
68,500
12,500
12,500
23,500
May
72,000
12,300
12,300
24,500
Wages & other operating expenses are estimated as
follows:
Month
Wages
Other Expenses
March
20,000
28,000
April
17,500
22,000
May
20,000
23,000
Newequipment purchased in February for $16,750 istobepaid
forin April.
New furniture purchased in March for $15,000 isto be paid...
The LaGrange Corporation had the following budgeted sales for
the first half of the current year:...
The LaGrange Corporation had the following budgeted sales for
the first half of the current year:
Cash Sales
Credit Sales
January
$
60,000
$
160,000
February
$
65,000
$
180,000
March
$
33,000
$
140,000
April
$
28,000
$
113,000
May
$
38,000
$
210,000
June
$
90,000
$
70,000
The company is in the process of preparing a cash budget and
must determine the expected cash collections by month. To this end,
the following information has been assembled:
Collections...
A sales budget is given below for one of the products
manufactured by the Key Co.:...
A sales budget is given below for one of the products
manufactured by the Key Co.: Sales Budget in Units January 20,000
February 35,000 March 60,000 April 40,000 May 30,000 June 25,000
The inventory of finished goods at the end of each month must equal
17% of the next month’s sales. On December 31, the finished goods
inventory totaled 3,400 units. Each unit of product requires three
specialized electrical switches. Since the production of these
specialized switches by Key’s suppliers...
Webster Company has the following
sales budget.
January
$200,000
February 
Webster Company has the following
sales budget.
January
$200,000
February
$240,000
March
$300,000
April
$360,000
Cost of
sales is 70% of sales. Sales are collected 40% in the month of sale
and 60% in the following month. Webster keeps inventory equal to
double the coming month's budgeted sales requirements. It pays for
purchases 80% in the month of purchase and 20% in the month after
purchase. Inventory at the beginning of January is
$190,000. Webster...