Correct Answer:

Answers: 1.) 54,425 ounces

2.)P49,700,000

3.)P446,000

4.)P375,000

5.)P510,000

6.)P320,000 F

Task: Please provide correct solution about the correct answers given above.

Kindly read and analyze the problems carefully and provide your answers using black ballpen beside each requirement. Double-rule your finat answer and attach your solutions to the questionnaire. Problem 1 Celsy Corporation manufactures and sells perfume. Expected perfume sales (in units) for the upcoming months are as follows: It requires seven ounces of rose petals to produce one perfume. Celsy likes to have enough rose petals on hand at the end of the month to cover 25% of the next month's production requirements. Celsy also likes to maintain a finished goods inventory equal to 10% of the next month's estimated sales. 1. How many ounces of rose petals should Celsy plan on purchasing during the month of April? 2. If the cost of rose petals per ounce is P200, how much is the total budgeted purchases for the Questions: first quarter? P1,271,000 Sales of Cooper Company, a wholesaler, are made on 75% credit and 25% cash. Experience has shown Problem 2 that 70% of the accounts receivable are collected in the month of the sale, 26% are collected in the month following the sale, and the remaining 4% are uncollectible. Actual sales for January and budgeted sales for the following months are given below: The company's cost of goods sold is equal to 60% of sales. All purchases of inventory are made on credit. Cooper Company pays for one half of a month's purchases in the month of purchase, and the other half in the month following purchase. The company requires that end-of-month inventories be equal to 25% of the cost of goods sold for the next month. Questions: 3. How much is the expected total cash receipts for the month of March? 4. How much is the expected payments for the month of April? P90,000 5. How much is the amount of inventory that Cooper is expected to purchase for the first quarter? P,00 Problem 3 The data pertaining to overhead of Madara Company is presented below: Question: 6. How much is the variance for the overall overhead sast by applying flexible budget in the preparation of peiformance report? %614,000U