Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

w Wawrinin arwei w ww... : wtorany: W14: 17Wvwwwwwwwwwww wystaw AY WWWWW TAWI Tanr.1981 ::.:14 : ILL: WIN 10 MIVALS. ILUMINA WHEETS 11 : 42

image text in transcribed

image text in transcribed
image text in transcribed
image text in transcribed
w Wawrinin arwei w ww... : wtorany: W14: 17Wvwwwwwwwwwww wystaw AY WWWWW TAWI Tanr.1981 ::.:14 : ILL: WIN 10 MIVALS. ILUMINA WHEETS 11 : 42 N IR LLI:11h. Requinner 1. Tevo E la tardivinha r t FILE TET Orava they are diminta un herstar 1981..29 WE BELIE 2014 thyroid 1. Pintu UNESC, 10:1 R:::: : :: 2 M : IN ELM SL ::wikituam:: HATI . ..... . Ele n. 1 is de ninar EL. Wte Papun : 1: : brun 15 serwis War: Warwin witte ...... VI. CSTA rooms Bird Paradise me backyarders. The company p e er requires 10 board foot of wood which the company r o v ereno perheet Each cost of 36 per board foot. The company would like to maintanan The company would h a n ding stock of B 25 Click the icon we d ) Requirement 1. Prepare the sales budget for free months of the welawmay b e i ng protection at the type of we made c r edit) Sales Budget 0 Data Table O Moreno In any given month 25th o ase cathe, while October a priorytar) January proced A n tal the cost of direct 10,000. They pay purchases in December for me Pri Done 0 Regiments S 1 ummary budget for the water Prepare resale budgetinding a parte section that details 2 1. Prepare reproduction budget Prepare the red materials purchases badge company needs. O board feet of wood for production in Agri Prepare te cash coctions but for Fon and 4. Prepare the cash payment budget for direct me the month of January February and Marcos well purchase for Print Done Check Answer 2 of 2 (1 core: 0 of 30 pts 9-59A (similar to) Bird Paradise makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $19 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of $6 per board foot. The company would like to maintain an ending stock of wood equal to 15% of the next month's production requirements Requirement 1. Prepare the sales budget for the first three months of the year, as well as a summary budget for the quarter, including a separate Bird Paradise Sales Budget For the Quarter Ended March 31 Data Table Month January February March Quarter Unit sales Multiply by: Sales price per unit Total sales revenue Cash sales Credit sales October actual sales (prior year) November actual sales (prior year) ... December actual sales (prior year) ... January projected sales February projected sales March projected sales .......... April projected sales ..... Total sales revenue Print Done 0 Requirements Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter. 1. Prepare the sales budget, including a separate section that details the type of sales made (cash versus credit.) 2. Prepare the production budget. 3. Prepare the direct materials purchases budget. Assume the company needs 145,000 board feet of wood for production in April Prepare the cash colections budget for January, February, and March, as well as a summary for the first quarter. 5. Prepare the cash payments budget for direct materials purchases for the months of January, February, and March, as well as a summary for the first quarter. Enterar Print Done 4 part ores for $19 per birdfeeder. Each e company would like to maintain an The company would also like to maintain an ending stock of finished birdfeeders equal to 25% of the next month's sales Sales company is as follows: E (Click the icon to view the sales data.) (Click the icon to view additional data.) Read the requirements. budget for the quarter, including a separate section that details the type of sales made (cash versus credit) a More Info Data Table In any given month 25% of the total sales are cash sales, while the remainder are credit sales. Units The company's collection history indicates that 80% of credit sales is collected in the month after the sale, 10% is collected two months after the sale, 4% is collected three months after the sale, and the remaining 6% is never collected October actual sales (prior year)... November actual sales (prior year) December actual sales (prior year) .... January projected salos February projected sales .. March projected sales April projected sales 93,000 89,000 81,000 85,000 94,000 100,000 101.000 Assume that the total cost of direct materials purchases in December was $580,000. The company pays 30% of its direct materials purchases in the month of purchase, and pays the remaining 70% in the month after purchase Done Print Print Done

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_2

Step: 3

blur-text-image_3

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

Financial Management Of Health Care Organizations

Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas

4th Edition

111846656X, 978-1118466568

More Books

Students also viewed these Accounting questions