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For the following questions, indicate if the master budget item listed is the a) sales and cash receipts budget, b) production and manufacturing costs budget,

For the following questions, indicate if the master budget item listed is the a) sales and cash receipts

budget, b) production and manufacturing costs budget, c) SGA expense budget

1. budgeted collections from customers

2. budgeted materials purchases

3. budgeted sales commissions

4. budgeted executive salaries

5. forecast unit sales

6. ending inventory of direct materials

7. required direct labor hours

8. beginning inventory of indirect materials

image text in transcribed
idk what information to give you thats all i have been given and told to put them in a, b or c of the choices given in the first questions and the budgets are just suppose to categorized to each of their groups
what u need?? this is picture of the page. there isnt anything else to give :/
For the following questions, indicate if the master budget item listed is the a) sales and cash receipts budget, b) production and manufacturing costs budget, c) SGA expense budget 1. budgeted collections from customers 2. budgeted materials purchases 3. budgeted sales commissions 4. budgeted executive salaries 5. forecast unit sales 6. ending Inventory of direct materials 7. required direct labor hours 8. beginning inventory of indirect materials Refer to the ff. narrative for #9 to 12 Actual sales for December and budgeted sales for the next four months are as follows: . ..... December (actual) January February March April $280,000 $400,000 $600,000 $300,000 $200,000 Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales. The company's gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.) Monthly expenses are budgeted as follows: salaries and wages. $27,000 per month: advertising $70,000 per month: shipping. 5% of sales: other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,000 for the quarter. Each month's ending inventory should equal 25% of the following month's cost of goods sold

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