Business, 05.05.2021 03:20, alexabbarker9781
CRD Company prepares monthly operating and financial budgets. Estimates of sales in units are made for each month. Production is scheduled at a level high enough to take care of current needs and to carry into each month 30% of the next montha€™s unit sales. Direct materials, direct labor, and variable manufacturing overhead are estimated at $10, $8, and $3 per unit, respectively. Total fixed manufacturing overhead is budgeted at $520,000 per month. The inventory at January 1 consists of 20,000 units.
Sales for April, May, June, and July are estimated at 80,000, 100,000, 95,000, and 110,000 units with a rate of $60 per unit.
Variable selling and administrative expenses are $20 per unit. Fixed selling and administrative expenses are $800,000 per month.
Required:
a. Prepare a sales budget for the second quarter by month.
b. Prepare a schedule showing the budgeted production in units for April, May, and June.
c. Prepare a schedule showing the budgeted cost of goods sold for the same three months.
d. Prepare a budgeted income statement for the second quarter by month.
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 04:00, brucewayne8499
Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.
Answers: 2
Business, 22.06.2019 16:20, valdezavery1373
The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:
Answers: 1
Business, 22.06.2019 18:30, miller5452
Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?
Answers: 1
Do you know the correct answer?
CRD Company prepares monthly operating and financial budgets. Estimates of sales in units are made f...
Questions in other subjects:
English, 16.02.2022 14:00
Mathematics, 16.02.2022 14:00
Chemistry, 16.02.2022 14:00
Mathematics, 16.02.2022 14:00
