Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This is what i have so far but need help on part 5-11 for this giant word problem i cant post them individually cause then
This is what i have so far but need help on part 5-11 for this giant word problem i cant post them individually cause then you dont know what the question is
I have posted this 2 times now and i posted it this morning at 10 am and still nothing. Please help me i have part 1-4 but need help on 5-11 if you tell me what to post seperate i will but you need previous information for each new question
1. Sales Budget: Johnson Inc. sells high-tech staplers. Johnson is preparing budgets for the quarter ending September 30, 2017. The sales price is $14.00 per stapler. Johnson expects the following number of units to be sold in the coming year: August September October 10,000 25,000 15,000 12,500 Required Prepare a sales budget for the third quarter of the coming year, showing units and sales revenue by month and in total for the quarter Check Figure: Total projected sales revenue for the quarter- $700,000 2. Production Budg Johnson wants ending inventory to be 15 percent of the next month's budgeted sales in units. 4,000 units were on hand June 30 Required: Prepare a production budget for the third quarter of the year. Show the number of staplers that should be produced each month as well as for the quarter in total. Check Figure: Total budgeted product units to produce for the quarter- 47,875 3. Materials Purchases Budget Three sheets of metal are required to produce a single stapler. Johnson wants to have materials on hand at the end of each month equal to 20 percent of the following month's production needs. The materials inventory on June 30 is 8,000 sheets of metal. October production is budgeted for 15,000 units Required Prepare a direct materials purchases budget for metal sheets for the quarter ending September 30. Show how many sheets of metal should be purchased each month as well as for the quarter in total Check Figure: Total budgeted units of material to purchase for the quarter -144,625Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started