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Please calculate the following questions, and put in the titles, as well as the full calculations if possible, please and thank you!! 2014 Quarter 1
| Please calculate the following questions, and put in the titles, as well as the full calculations if possible, please and thank you!!
| |||||||||
| 2014 | |||||||||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | ||||||
| -Forecasted sales in units: | 40,000 | 60,000 | 100,000 | 50,000 | |||||
| -Forecasted sales in units for the first quarter of 2015: | 70,000 | ||||||||
| -Sales price per unit | $8.00 | ||||||||
| -Desired ending inventory of finished units as a percentage of next quarter sales: | 30% | ||||||||
| (Assume the same requirements relating to desired finished units ending inventory were in effect for 2013). | |||||||||
| -Desired ending inventory of finished units for the first quarter of 2015: | 24,000 | ||||||||
| -Yards of materials required to complete one unit of finished product: | 5 | ||||||||
| -Desired ending inventory of materials as a percentage of next quarter production requrements (expressed in yards): | 10% | ||||||||
| (Assume the same requirements relating to desired ending materials inventory were in effect for 2013). | |||||||||
| -Materials cost per yard | $0.80 | ||||||||
| 1. Use the data above to prepare the Sales Budget. Enter titles, cell references, and formulas where indicated. | |||||||||
| Title | Year 2015 Quarter | ||||||||
| Title | |||||||||
| For the Year Ended 2014 | |||||||||
| Quarter | 1 | 2 | 3 | 4 | Total | 1 | |||
| Title | cell reference | cell reference | cell reference | cell reference | Formula | cell reference | |||
| Title | $ cell reference | $ cell reference | $ cell reference | $ cell reference | $ cell reference | ||||
| Title | Formula | Formula | Formula | Formula | Formula | ||||
| 2. Use the data above to prepare the Production Budget. Enter titles, cell references, and formulas where indicated. | |||||||||
| Title | Year 2015 Quarter | ||||||||
| Title | |||||||||
| Title | |||||||||
| Quarter | 1 | 2 | 3 | 4 | Total | 1 | |||
| Title | cell reference | cell reference | cell reference | cell reference | formula | cell reference | |||
| Title | $ formula | $ formula | $ formula | formula | cell reference | cell reference | |||
| Title | formula | formula | formula | formula | formula | formula | |||
| Title | formula | cell reference | cell reference | cell reference | cell reference | cell reference | |||
| Title | formula | formula | formula | formula | formula | formula | |||
| 3. Use the data above to prepare the Materials Budget. Enter titles, cell references, and formulas where indicated. | |||||||||
| Title | Year 2015 Quarter | ||||||||
| Title | |||||||||
| Title | |||||||||
| Quarter | 1 | 2 | 3 | 4 | Total | 1 | |||
| Title | cell reference | cell reference | cell reference | cell reference | Formula | cell reference | |||
| Title | $ cell reference | $ cell reference | $ cell reference | $ cell reference | $ cell reference | cell reference | |||
| Title | Formula | Formula | Formula | Formula | Formula | formula | |||
| Title | $ Formula | $ Formula | $ Formula | Formula | cell reference | ||||
| Title | Formula | Formula | Formula | Formula | Formula | ||||
| Title | Formula | cell reference | cell reference | cell reference | cell reference | ||||
| Title | Formula | Formula | Formula | Formula | Formula | ||||
| Title | $ cell reference | $ cell reference | $ cell reference | $ cell reference | $ cell reference | ||||
| Title | Formula | Formula | Formula | Formula | Formula | ||||
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