Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ok i fixed it, the lines are accurately screenshoted, thanks! Waterways Continuing Problem 21 (Part Level Submission) Waterways Corporation is preparing its budget for the
ok i fixed it, the lines are accurately screenshoted, thanks!
Waterways Continuing Problem 21 (Part Level Submission) Waterways Corporation is preparing its budget for the coming year, 2017. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers 112,500 102,100 113,000 112,500 116,000 125,000 137,500 Unit sales for November 2016 Unit sales for December 2016 Expected unit sales for January 2017 Expected unit sales for February 2017 Expected unit sales for March 2017 Expected unit sales for April 2017 Expected unit sales for May 2017 Unit selling price waterways likes to keep 10% of the next month's unit sales in ending inventory All sales are on account 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2016, totaled $183,780. Direct Materials Amount Used perInventory, Dec. 31 lib @ 58 per lb. 12 oz 6c per oz 4oz @ S per oz 2 lbs per unit 5,177.5 bs 3,883.125 lbs ,294.37S ibs 10,355.0 ibs Metal, plastic, and rubber together are 75 per pound per unitStep 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