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Hello I also need help with these problems as well... show work please.. Problem 3 Preparing Sales Budget Beatrice Company estimates that unit sales of
Hello I also need help with these problems as well... show work please..
Problem 3 Preparing Sales Budget Beatrice Company estimates that unit sales of its lawn chairs will be 7,200 in October: 7,400 in Novenber, and 7,100 in December. Prepare Beatrice's sales budget or unit sells for $27.50. e 1 the fourth quarer Problem 4 Preparing Raw Materials Purchases Budget Preston, Inc., manufactur to produce 480 units in July and 400 units in August. E res wooden shelving units for collecting and sorting mail. The company expects ach unit requires 10 feet of wood at a cost of $1.50 wants to always have 300 feet of wood on hand in materials inventory. Prepare Preston's raw materials purchases budget for July and August. Problem Preparing Direct Labor Budget Refer to the information in M8-5 for Preston, Inc. Each unit requires 1.75 hours of direct labor, and wages average $9 per hour, Prepare Preston's direct labor budget for July and August Problem 6 Preparing Manufacturing Overhead Budpet Winslow Company expects sales of its financial cakculators to be $200,000 in the first quarter percent of sales, and fioxed $236,000 in the second quarter. Its variable overhead is appraximately 1 overhead costs are $46,500 per quarter. Prepare Winslow's manufacturing overhead budget for the first two quarters. Problem7 Preparing Selling and Administrative Expense Budget Fillmore, Inc., ,expects sales of its housing for electric motors to be $87,000, $81,000, and $92,000 tor January, February, and March, respectively. Its variable selling and administrative expenses are 8 percent of sales, and fixed selling and administrative expenses are $11,000 per month. Prepare Fillmore's seling and administrative expense budget for January. February, and March. Problem 8 Preparing Schodale of Cash Receipts Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty expects 35 percent of its sales to be cash and the remainder to be credit sales. The credit sales wil be collected as follows: 60 percent in the month of the sale and 40 percent in the following month. Prepare a schedule of Getty's cash receipts for the months of February and March. Problem 9 Preparing Data for the Cash Budget Crew Clothing (CC) sels women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $450,000, $510,000, and $530,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $760,000. CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute CC's expected cash receipts from customers for each month Step by Step Solution
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