Tildy Corporation projected sales and production in units for the coming year as follows: Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April. All units are sold on account for $21 each. Cash collections from sales are budgeted at 60% in the month of sale, 40% in the month following the month of sale. Accounts receivable on March 31 was $200,000. What is cash collections in April? Tildy Corporation projected sales and production in units for the coming year as follows: Production65,00055,00055,000 Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April. All units are sold on account for $16 each. Cash collections from sales are budgeted at 60% in the month of sale, 40% in the month following the month of sale. Accounts receivable on March 31 was $134,000. What is sales revenue budget in April? Three grams of scented oil are used for each bar of soap manufactured by the Soap Company. The cost of oil is $1.30 per gram. Inventory of scented oil at the end of the month should equal 25% of the next month's production needs. 500 grams of oil are on hand on February 1st. Budgeted production is as follows: What is the cost of direct materials to be purchased in FEB? Red Robin Inc sells bird feeders. The company is preparing a production budget for second quarter. Red Robin wants end of the month inventory to equal 10% of the following month sales. At the end of February, the company had 4,000 bird feeders on hand. What is the required production in units for March? Red Robin Inc has budgeted sales of its popular bird feeder for the next four months: Smarty Partners projected sales and production in units for the coming year as follows: Production65,00055,00055,000 Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April. Typically 20% are cash sales and the rest are on credit. The sales price is $12 each. Cash collections from credit sales are budgeted at 60% in the month of sale, 35% in the month following the month of sale. The remaining 5% is never collected (bad debts expense). Accounts receivable on March 31 was $108,000. What is ending budgeted Accounts Receivable at the end of June? Bodie Industries has budgeted the following information for March: If there is a cash shortage, the company borrows money from the bank. All cash is borrowed at the beginning of the month, and interest is paid monthly at 1% on the first day of the following month. The company had no debt before March 1. How much cash will the company need to borrow in March
