Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please help me answer these questions?1-6 1 Champ Incorporated budgets the following sale of finished units should be 60% of the next month's

Can you please help me answer these questions?1-6

image text in transcribed
1 Champ Incorporated budgets the following sale of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 120 units. nding inventory Budgeted sales units 280 265 8 02:59:49 Prepare the production budget for May. CHAMP, INCORPORATED Production Budget May Desired ending inventory units Total required units Units to produce 2 below. Company policy is to maintain finished goods inventory equal (in units ) to 50% of the next month's unit sales . As of June 30, the company has 1,950 finished surfboards in inventory. Budgeted sales units 3, 980 7 , 108 2, 680 8 02:59:45 Prepare the production budget for the months of July and August. ATLANTIC SURF roduction Budget Desired ending inventory units Total required units Units to be produced 3 Forrest Company manufactures phone chargers and has a policy that e is a policy that ending inventory should equal 20% of the ext month's budgeted unit sales. October's ending inventory equals 90,000 units. November and December sales are budgeted to be 450.000 units and 400.000 units, respectively. Prepare the production budget for November 8 0258.54 FORREST COMPANY Production Budget November Desired ending inventory units otal required units Units to produce 4 Required information jami Solar manufactures solar panels for industrial use. The company budgets production of 1.600 units (solar panels) in July and 5,500 units in August. Part 1 of 8 02-58:49 materials inventory pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direc 4,140 pounds of direct materials in inventory. Prepare the direct materials budget for July. the company has MIAMI SOLAR Direct Materials Budget Units to produce Materials needed for production (pounds) al materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases Part 2 of 3 8 0250:39 Each unit requires 4 hours of direct labor at a rate of $18 per hour. Prepare a direct labor budget for July. MIAMI SOLAR irect Labor Budge Units to produce Direct labor hours needed Cost of direct labor Part 3 of 2 8 02:48.27 ours of direct labor at a rate of $ rate of $18 per direct labor hour. Buc d fixed factory overhead is $187,000 per month, preble overhead at overhead budget for August. MIAMI SOLAR Factory Overhead Budget Budgeted variable overhea Budgeted total factory overhead

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_2

Step: 3

blur-text-image_3

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

Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

14th Edition

1260247821, 978-1260247824

More Books

Students also viewed these Accounting questions

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago