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this is for managerial accounting and im confused on how to start and the steps and formulas to use Question 3: Profit Planning A- All
this is for managerial accounting and im confused on how to start and the steps and formulas to use
Question 3: Profit Planning A- All of Winner Corporation's sales are on account. 35% of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder (20%) are collected in the second month following sale. The following are budgeted sales data for the company: January $50,000 Total sales February $60,000 March $40,000 April $30,000 What is the amount of cash that should be collected in April? Show your calculations B- Alfa Corporation manufactures and sells bikes. Expected mug sales Alfa (in units) for the next three months are as follows: Budgeted unit sales October 30,000 November 34,000 December 36,000 Alfa likes to maintain a finished goods inventory equal to 30% of the next month's estimated sales. How many bikes should Alfa plan on producing during the month of November? Show your calculations C- KDDM Corporation makes one product. April Budgeted unit sales 8,200 May 8,700 June 13,100 July 13,600 Each unit of finished goods requires 4 pounds of raw materials. The ending finished goods inventory equals 10% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. What is the budgeted raw material purchases for May? Show your calculations - The manufacturing overhead budget at XYZ Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 4,400 direct labor-hours will be required in January. The variable overhead rate is $5.20 per direct labor hour. The company's budgeted fixed manufacturing overhead is $60,000 per month, which includes depreciation of $17,200. All other fixed manufacturing overhead costs represent current cash flows. 1. What is the budgeted manufacturing overhead cost for January 2. What is the January cash disbursement for manufacturing overhead on the manufacturing overhead budget? Show your calculations 3. What is the predetermined manufactured overhead cost rate? SIPE Step by Step Solution
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