Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is the required production of fidgets for the second quarter comprising the months of april may and june Accounting Principles II - Chapter 8:

what is the required production of fidgets for the second quarter comprising the months of april may and june
image text in transcribed
Accounting Principles II - Chapter 8: Master Bad April, les of catcout and are of July, 100, and comment. I hea Conrad Company plans to sell 10,000 Fidgets for the month of April May, 12,000 in the month of June, and 13,000 in the month of July units in February and 9,000 units in March. Each Fidget sell rounds of raw material that has a cost of S per pound. Sales are all collected 50% in the month of sale, 30% in the second month, and 2006 desired to have 20% of the current month's sales in beginning invent good inventory equals 20% of the following month's unit sales TL 2.000 units at the beginning of April. It is desired to have ending invente lowing month's production needs. Payments for raw materials are made equal to 10% of the following month's production needs 80% in the month of sale, and 20% in the month after sale. There are 200 materials on hand at the beginning of April. he month of April, 11.000 for the month of 00 in the month of July. Sales of Fidgets were 8,000 March. Each Fidget sells for S100, and each requires two S6 per pound. Sales are all made on account, and are the second month, and 20% in the third month. It is th's sales in beginning inventory, and the ending finished ving month's unit sales. The inventory of Fidgets is April. It is desired to have ending inventory of raw materials month after sale. There are 2,040 pounds of raw What is the required production of Fidgets for the second quarter comprising the month of April, May and June? 2. What are the required units and related costs for raw materials for the second quarter? 3. What are the projected cash collections for the second quarter

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

Auditing Information Systems

Authors: Jack J. Champlain

2nd Edition

0471281174, 978-0471281177

More Books

Students also viewed these Accounting questions