I Please please help me find COMBINED CASH BUDGET FOR quarter ended march, Budgeted Manufacturing Cost per unit, Budgeted Income statement for quarter ended march 31, AND PARTICULAR BUDGETED BALANCESHEET AS AT MARCH 31.
region, and the company as a 2. As the Manitoba region manager, would you investigate the winni this report? Why or why not? 3. Briefly discuss the benefits of budgeting. Base your discussion on Winnie's World's perfor- mance report. P9-64A Prepare an inventory, purchases, and cost of goods sold budget (Learning Objective 5) University Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $2,000,000 in September, $2, 160,000 in October, $2,376,000 in November, and $2,500,000 in December. University Logos sets its prices to earn an average 30% gross profit on sales revenue. The company does not want inventory to fall below $400,000 plus 15% of the next month's cost of goods sold. Requirement 1. Prepare an inventory, purchases, and cost of goods sold budget for the months of October and November. Problems (Group B) P9-65B Comprehensive budgeting problem (Learning Objectives 2 & 3) Osborne Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Osborne Manufacturing's operations: Current assets as of December 31 (prior year): Cash . $ 4, 640 Accounts receivable, net......... $ 57,600 Inventory ........ $ 15,600 Property, plant, and equipment, net ......... $121,500 Accounts payable ........... $ 42,800 Capital stock ........ $124,500 Retained earnings............................; $ 22,800 Actual sales in December were $72,000. Selling price per unit is projected to remain stable at $12 per unit throughout the budget period. Sales for the first five months of the upcoming year are budgeted to be as follows: January . .......... $104,400 February...... $108,000 March ...... April....... $112,800 $109,200 May ............... $105,600 b. Sales are 20% cash and 80% credit. All credit sales are collected in the month follow- ing the sale. C . Osborne Manufacturing has a policy that states that each month's ending inventory of finished goods should be 10% of the following month's sales (in units). d. Of each month's direct material purchases, 20% are paid for in the month of purchase, while the remainder is paid for in the month following purchase. Three kilograms of direct material is needed per unit at $2.00 per kilogram. Ending inventory of direct materials should be 30% of next month's production needs
