Question
E9-2A.Budget PreparationCollinsCompanyispreparingitsmasterbudgetfor April. Usethegivenestimates to determine the amounts necessary for each of the following requirements. (Estimates may be related to more than one requirement.) a.Whatshouldtotalsalesrevenuebeifterritories
E9-2A.Budget PreparationCollinsCompanyispreparingitsmasterbudgetfor April. Usethegivenestimates to determine the amounts necessary for each of the following requirements. (Estimates may be related to more than one requirement.)
a.Whatshouldtotalsalesrevenuebeifterritories AandBestimatesalesof10,000and12,000units, respectively, and the unit selling price is $40?
b.Ifthebeginningfinished goodsinventory isanestimated2,000 unitsandthedesired endinginventory is 3,000 units, how many units should be produced?
c.Whatdollaramountofmaterialshouldbepurchasedat$4perpoundifeachunitofproductrequires3poundsandbeginningandendingmaterialsinventoriesshouldbe5,000and4,000 pounds, respectively?
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