Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Black Corporation has forecasted sales in 2020 as follows: Jan-P120,000 Feb-P160,000 Mar-P180,000 Apr-P240,000. December 2019 sales is P100,000. Total inventory paid cost 37% of sales

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Black Corporation has forecasted sales in 2020 as follows: Jan-P120,000 Feb-P160,000 Mar-P180,000 Apr-P240,000. December 2019 sales is P100,000. Total inventory paid cost 37% of sales and 63% for the purchases. The respective amounts of projected purchases for the months of January and February are_(Glledle Tech estimates its units sales for the coming months to be as follows: March 280,000 April 260,000 May 250,000 June 230.000 Juiy 240,000 August 225,000 If (G)Id|e Tech maintains ending inventory at budgeted sales needs for the next month and March 'I inventory is 248,000 units, how many units are to be produced for the month ofJune? Company CAW produced 70,700 units of evaporated milk in 2020. The target ending inventory was 10,000 units while the beginning inventory was 9,500 units. What was the expected sales in 2020?Dosan Company desires an ending inventory of'l40,000 units. It has a beginning inventory of 1 30,000 units. The amount to be produced of Dosan is 530,000 units. Cost of sales is 65%. How much is the expected sales to be? MORGAN Merchandising is preparing its Sales Budget for the 3rd Quarter of 2020 based on a budgeted sales price agreed upon at the beginning of the year. To help in the budget preparation, the following information are given: (a) Budgeted sales revenue for the ist month of 2020 amounted to P375000. (b) Budgeted quantities sold for the 'lst quarter of 2020 is 4,500 units. (c) It is forecasted that the same quantities will be sold per month of each quarter. (d) It is estimated that quantities sold will increase by 500 units on the rst month of each quarter from the quantities sold of the previous month. What is the budgeted sales revenue for the 3rd quarter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Equations & Answers

Authors: Barcharts, BarCharts Inc

1st Edition

1423218248, 9781423218241

More Books

Students also viewed these Accounting questions