1) Production Budget

Landon Inc. projected sales of 58,000 personal journals for 20Y6. The estimated January 1, 20Y6, inventory is 2,300 units, and the desired December 31, 20Y6, inventory is 6,000 units.

What is the budgeted production (in units) for 20Y6?

2) Flexible Budgeting

At the beginning of the period, the Assembly Department budgeted direct labor of $8,100 and property tax of $41,000 for 900 hours of production. The department actually completed 1,200 hours of production.

Determine the budget for the department, assuming that it uses flexible budgeting.

3) Cash Budget

Harbour Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $246,000 for September and $284,000 for October, what are the budgeted cash receipts from sales on account for October?

4) Cash Budget

Soft Glow Candle Inc. pays 10% of its purchases on account in the month of the purchase and 90% in the month following the purchase. If purchases are budgeted to be $36,800 for March and $40,100 for April, what are the budgeted cash payments for purchases on account for April?