Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q3 is not required only 1,2 and 4 thank you Prepare a sales budget. BE24.2 (LO 2) Paige Company estimates that unit sales will be

image text in transcribed

Q3 is not required only 1,2 and 4 thank you

Prepare a sales budget. BE24.2 (LO 2) Paige Company estimates that unit sales will be 10,000 in quarter 1, 14,000 in quarter 2, 15,000 in quarter 3, and 18,000 in quarter 4. Using a sales price of $70 per unit, prepare the sales budget by quarters for the year ending December 31, 2020. BE24.3 (LO 2) Sales budget data for Paige Company are given in BE24.2. Management desires to have an ending finished goods inventory equal to 25% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2020. Prepare a production budget for 2 quarters Prepare a direct materials budget for 1 month BE24.4 (LO 2) Perine mpannas 2,000 pounds of raw materials in its December 31, 2019, ending inventory. Required produs for January and February of 2020 are 4,000 and 5,000 units, respectively. Two pounds of raw mater are needed for each unit, and the estimated cost per pound is $6. Man- agement desires an endig inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January BE24.5 (LO 3) For Gundy Company, units to be produced are 5,000 in quarter 1 and 7,000 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2020. Prepare a direct labor budget for 2 quarters

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Expert Systems And Artificial Intelligence In Internal Auditing

Authors: Daniel E. O'Leary, Paul R. Watkins

1st Edition

1558760865, 978-1558760868

More Books

Students also viewed these Accounting questions