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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!!
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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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