can you solve this pease ? Question 2The role of management accountants has been well-known to the corporate world as they widelycontribute for performing planning, controlling and decision making functions effectively andefficiently through providing solid accounting information with good analysis. Liebherr Industrieshas been growing in terms of revenue and its customer base over the past decade. The Board ofDirectors of the company has been claiming that they should have one management accountant fortheir company to achieve better performance in the coming periods.Production and Cost DetailsLiebherr manufactures and sells many replacement parts for its equipment. PX-111 is one of suchparts that has following cost and selling price structure:InformationSelling PriceDirect MaterialDirect Labour costNumber of labor hours needed tomanufacture one unit of productFixed Costs for the company$ per unit700300(per unit of material)50 per hour3003006 hours$40,000 Estimations for the next year 2021The company has estimated the following information;(i) Sales EstimationsFirst QuarterSecondThird Quarter Fourth QuarterQuarterNumberofunits to be sold1,0001,1001,2001,300(Units)(ii) Inventory estimationsInventoryFinished GoodsMaterialsRequired:Beginning(first quarter)200 units$120,000EndingThe company desires to have an endinginventory each quarter equal to 25% of the nextquarter's sales. The first quarter's sales forthe following year (2022) is expected to be1.400 unitsThe company desires the ending balance inmaterials inventory to be 45% of the nextquarter's cost of materials. The cost of materialsfor the first quarter in the following year (2022)is expected to be $170,400Based on the estimated information given above, prepareA. Sales BudgetB. Production Budget |

Budget:Budgeting is predicting the future with the help of available data and management…

Estimations for the next year 2021 The company has estimated the following information; (i) Sales Estimations First Quarter Second Third Quarter Fourth Quarter Quarter Number of units to be sold 1,000 1,100 1,200 1,300 (Units) (ii) Inventory estimations Inventory Beginning (first quarter) Ending Finished Goods 200 units Materials Required: $120,000 The company desires to have an ending inventory each quarter equal to 25% of the next quarter's sales. The first quarter's sales for the following year (2022) is expected to be 1.400 units The company desires the ending balance in materials inventory to be 45% of the next quarter's cost of materials. The cost of materials for the first quarter in the following year (2022) is expected to be $170,400 Based on the estimated information given above, prepare A. Sales Budget B. Production Budget |

Estimations for the next year 2021 The company has estimated the following information; (i) Sales Estimations First Quarter Second Third Quarter Fourth Quarter Quarter Number of units to be sold 1,000 1,100 1,200 1,300 (Units) (ii) Inventory estimations Inventory Beginning (first quarter) Ending Finished Goods 200 units Materials Required: $120,000 The company desires to have an ending inventory each quarter equal to 25% of the next quarter's sales. The first quarter's sales for the following year (2022) is expected to be 1.400 units The company desires the ending balance in materials inventory to be 45% of the next quarter's cost of materials. The cost of materials for the first quarter in the following year (2022) is expected to be $170,400 Based on the estimated information given above, prepare A. Sales Budget B. Production Budget |

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter14: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 3TIF: Young Manufacturing Company is a startup manufacturing firm looking to build and develop its...

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