Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Looking for a Production budget based on this information t Mailings Review ViewHepe Title Heading 2 L Normal 1'No Spac Heading 1 =.=.o--. Styles Paragraph
Looking for a Production budget based on this information
t Mailings Review ViewHepe Title Heading 2 L Normal 1'No Spac Heading 1 =.=.o--. Styles Paragraph first we need to close some appsUpdate now Selected information concerning sales and production for October 2019 is summarized as follows: The sales budget must be divided up by product (Backyard and Master) a. Estimated sales for October by sales territory Maine: 280 units at $750 per unit 250 units at $1,500 per unit Backyard Master Vermont: 210 units at $800 per unit 160 units at $1,600 per unit Backyard Master New Hampshire: 305 units at $850 per unit 275 units at $1,700 per unit Backyard Master Estimated sales for November for all territories: Backyard Grills Master Grills 620 grills 1,150 grills Outdoor Chef Grill has a beginning accounts receivable balance of $550,000 in the month of October and expects to collect 30% of that balance. In addition, their accounting department has estimated that 80% of sales for the Master Grill will be paid in cash and 70% of the Backyard grill will be paid in cash. b. Inventory of Grills Beginning Inventory of Grills 36 units 18 units Backyard Master Jessica Rabbit 2019 (1) Word Mailings Review View Help Tell me what you want to do AaBbCcDd AaBbCcDd TNormal,No Spac Heading 1 Heading 2 Title o A Paragraph Styles Estimated sales for November for all territories: Backyard Grills Master Grills 620 grills 1,150 grills Outdoor Chef Grill has a beginning accounts receivable balance of $550,000 in the month of October and expects to collect 30% of that balance. In addition, their accounting department has estimated that 80% of sales for the Master Grill will be paid in cash and 70% of the Backyard grill will be paid in cash. b. Inventory of Grills Backyard Master 36 units 18 units Outdoor Chef Grill has established a new ending inventory policy to take effect the month of October From October and going forward, the ending inventory should be: Ending Inventory Backyard Master 5% of November's sales 2% of November's sales. Estimated direct material inventories at October 1: c. Direct materials (available for the Master and Backyard Grill) 300 units 1,800 lbs. 150 units 300 units Grates Stainless steel Burner subassemblies Shelves Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started