i need help with 29,30,31,33
Question 29 (2 points) ABC Company had $1,000,000 in sales in 20x6. The company is expecting sales to increase by 20% in 20x7. What is the better prediction for sales in Quarter 4 of 20x7, based on the quarterly sales figures below: Quarter 1 Quarter 2 Quarter 3 Quarter 4 $300,000 $100,000 $100,000 $500,000 $360,000 $600,000 $500,000 $300,000 Question 30 (2 points) Both the production budget and the cash collections budget are directly based on The selling & administrative expense budget. The sales budget The manufacturing overhead budget The direct materials budget Question 31 (2 points) Question 31 (2 points) The plant manager has seen the sales budget for the beginning of 20x5 and tells you, "This sales budget is good enough. I'll just plan on producing the number of units on this sales budget each month." What issue would you raise with the plant manager? Producing units to match the budgeted sales may not result in enough net operating income for the period. Producing units to match the budgeted sales may be too many because you are not considering the ending inventory of finished goods the company should hold to meet the next period's demands. Producing units to match the budgeted sales may be too many because you are not considering the beginning inventory of finished goods the company already has. Producing units to match the budgeted sales is just an estimate like any other estimate. Question 33 (2 points) ABC Company has the following budgeted sales in units for the first quarter of the year. The company has 12,000 units on hand at the beginning of January, and has a policy of having 20% of the next period's sales on hand at the beginning of the next month. What would you recommend as the budgeted production for February? January 60,000 February 75,000 March 90,000 Total 225,000 Sales (in units) 75,000 units 93,000 units 78,000 units 60,000 units