Question
Please Show Work Typed On Computer Not Hand Written. Thank you! :) __________________________________________________________________________ Question 6 Garfield Corp. expects to sell 1,520 units of its pet
Please Show Work Typed On Computer Not Hand Written. Thank you! :)
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Question 6
Garfield Corp. expects to sell 1,520 units of its pet beds in March and 2,170 units in April. Each unit sells for $76. Garfields ending inventory policy is 40 percent of the following months sales. Garfield pays its supplier $27 per unit. What is Garfield's budgeted purchases for March?
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Question 7
Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 420 units in July and 640 units in August. Each unit requires 9 feet of wood at a cost of $1.6 per foot. Preston wants to always have 10% of the next months required feet of wood on hand in materials inventory. What is Prestons raw materials purchases budget for July?
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Question 8
Avery Company has compiled the following data for the upcoming year: Sales are expected to be 6,700 units at $32 each.
- Each unit requires 1.3 pounds of direct materials at $2.8 per pound.
- Each unit requires 1.3 hours of direct labor at $14 per hour.
- Manufacturing overhead is $4 per unit.
- Selling and administrative costs are $4 per unit.
What is Avery's budgeted cost of goods sold?
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Question 9
Randall has received a special order for 2,370 units of its product at a special price of $20. The product normally sells for $27 and has the following manufacturing costs:
Per unit | |||
Direct materials | $ | 3 | |
Direct labor | 5 | ||
Variable manufacturing overhead | 2 | ||
Fixed manufacturing overhead | 1 |
Assume that Randall has sufficient capacity to fill the order. If Randall accepts the order, what effect will the order have on the companys short-term profit?
If a decrease, place a sign before your answer.
For example, a decrease of $1,000 would be answered 1,000.
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