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i will do vote up :) Problems for Budgetary Planning and control QI) FROT developed sales budget for the next three months Month Units January
i will do vote up :)
Problems for "Budgetary Planning and control" QI) FROT developed sales budget for the next three months Month Units January 70,000 February 90,000 March 55,000 Beginning inventory for the year is 27,000 units Ending inventory for each month is 30% of the next month's sales. 1. How many units should FROT produce in January? a. 106,000 b. 90,000 c. 70,000 d. 78,000 2. How many units need to be available for sale in February? a 90.000 b. 106,500 c. 73,500 d. 117.000 02) DKOT has a policy that 50% of sales are collected within the month of salt, 30% is collected one month after the sale, and 20% is collected after two months of the sale. Inventory en hand at the end of a month is to be 50% of the next month's budgeted sales. Cost of the goods sold is about 60% of the selling price. March April May Jang July August Sales S10,000 $20,000 $30.000 $10,000 550,000 $10.000 1. Cash receipts for the month of May are expected to be a $30,000 b. $21.000 c. $29.000 d. $23.000 2. Purchases for the month of May are expected to be a $21,000 2. S/8.000 c. $30,000 d. S10,500 03) PAL Company's sales history indicates that sales will be collected as follows: Month of sale 50% Month following the sale 40% Second month following the sale 8% Never collected 24 Budgeted sales data follows: March 5380,000 April $350,000 May $360,000 June $390,000 1. How much are total budgeted cash collections during May? A $144,000 B. $339,000 C. $319,000 D. None of the above 06) FOOGY budger indicates that 20,000 units are to be sold during May. If the company has 6,000 units ont hand at the beginning of the period and plan to have 8,000 units on hand at the end of the month, how many units should be produced during May? 4. 22.000 B. 18,000 C. 14,000 D. 16,000 05) DET expects to sell 24,000 units of finished goods over the next 6-month period. The company has 10,000 units on hand and its managers want to have 14.000 units on hand at the end of the period. To produce one unit of finished product, wo units of direct materials are needed. DBT has 100,000 units of direct material on hand and has budgeted for an ending inventory of 110,000 units 1. What is the number of finished units to be produced? a 38.000 b28,000 c. 20,000 d. 24,000 2. What is the amount of direct material to be purchased (In units ? a 38,000 b. 46,000 c. 66,000 d. 18.000 Step by Step Solution
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