First quarter Second quarter Third quarter Fourth quarter Deluxe Standard 11,000 90,000 14,200 88,200 16,500 93,000 20,000 91,400
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- Berring Company produces two products: the deluxe and the standard. The deluxe sells for $40,and the standard sells for $10. Projected sales of the two models for the coming four quartersare given below. Deluxe StandardFirst quarter 12,000 90,000Second quarter 14,300 88,400Third quarter 16,600 92,000Fourth quarter 20,000 91,600 The president of the company believes that the projected sales are realistic and can beachieved by the company. In the factory, the production supervisor has received the projectedsales figures and gathered information needed to compile production budgets. He found that1,300 deluxes and 1,170 standards were in inventory on January 1. Company policy dictates thatending inventory should equal 20 percent of the next quarter’s sales for deluxes and 10 percentof next quarter’s sales for standards.Required:1. Prepare a sales budget for each quarter and for the year in total. Show sales by product andin total for each time period.2. What factors might Berring Company…Berring Company produces two products: the deluxe and the standard. The deluxe sells for $40, and the standard sells for $10. Projected sales of the two models for the coming four quarters are given below. Deluxe Standard First quarter 12,000 90,000 Second quarter 14,200 88,600 Third quarter 16,800 93,000 Fourth quarter 20,000 91,400 The president of the company believes that the projected sales are realistic and can be achieved by the company. In the factory, the production supervisor has received the projected sales figures and gathered information needed to compile production budgets. He found that 1,300 deluxes and 1,170 standards were in inventory on January 1. Company policy dictates that ending inventory should equal 20 percent of the next quarter’s sales for deluxes and 10 percent of next quarter’s sales for standards. Required: Question Content Area 1. Prepare a sales budget for each quarter and for the year in total. Show…Two products DH1 and DH2are manufactured in a department. Sales for the year 2022 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 DH1 9000 12000 14000 16000 DH2 7000 9000 1000 12000 Selling prices in Quarter 1 were estimated as OMR 20 per unit for DH1 and OMR 30 for DH2 respectively. Average sales return are 10% of Sales. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 4 for Product DH1? Select one: a. 394129 b. 389253 c. 383328 d. 366000
- ⦁ MNO Company has projected to sell 500,000 units of its primary product in 2022. It estimates the selling price to be $50 per unit. Required: ⦁ Prepare a Sales Budget for MNO Company in a professional format. Remember the heading, the title and the various columns.⦁ MNO Company has projected to sell 500,000 units of its primary product in 2022. It estimates the selling price to be $50 per unit. Required: ⦁ If MNO Company Estimates the unit cost to produce the 500,000 units consists of Material cost $5; Direct labor cost $7; and manufacturing overhead $8. What is the total production cost for the its annual projected sales unit? Show Computation in a production budget format.1. Your Company has 12,000 units capacity and projected to produce and sell 10,000 units at P60 per unit for Year 20XY. Standard budgeted cost per unit: variable cost P22.50 and fixed cost P14.50. Sometime 3rd quarter of 20XY, there is a special order for 500 units for P45 selling price. Should the company accept the special order, and why? What could be the implications? 2. The total estimated sales for the coming year is 260,000 units. The estimated inventory at the beginning of the year is 32,500 units, and the desired inventory at the end of the year is 50,000 units. What is the total production units to be indicated in the production budget? 3. Datan Company expects $550,000 of credit sales in March and $600,000 of credit sales in April. Datan historically collects 70% of its sales in the month of sale and 30% in the following month. How much cash does Datan expect to collect in April? 4. Phil Carter, President of Carter Computer Components, Corp. has the option of…
- A firm estimates that it will sell 100,000 units of its sole product in the coming period. It projects the sales price at P40 per unit, the CM ratio at 70 percent, and profit at P500,000. What is the firm budgeting for fixed costs in the coming period?If a company plans to sell 40000 units of product but sells 60000 units, the most appropriate comparison of the cost data associated with the sales will be by a budget based on O 60000 units of activity. O40000 units of activity. O the original planned level of activity. O 50000 units of activity.ABC corporation makes products Alpha and Beta. Both products make use of the same equipment. The following were provided to you with regard to these products in preparation for its budget for next year. Peso per unit data Alpha Alpha Beta Beta At 10,000 units At 12,500 units At 5,000 units At 8,000 units Selling price 100 100 250 250 Less: Costs 70 62 230 170 Profit 30 38 20 80 Other information are as follows: Alpha Beta Expected market demand next year 10,000 units 6,000 units Required Machine hours per unit 2 3 Total available machine hours 20,000 What is the contribution margin of Alpha if ABC was able to optimize the use of the machine hours? How many units of Beta should be produced to maximize profits?
- Brannon Company expects sales of 700 units for the first quarter, 750 units for the second quarter, 800 units for the third quarter, and 900 units for the fourth quarter. If the sales price is $25 per unit, what is the expected sales for the year? A. $22,500 B. $17,500 C. $20,000 D. $78,750H&M chief demand planner has estimated that 9250,000 units of clothing sold in 2021.H&M cost of placing and processing an ordee is R250 ,while the annual cost of holding a unit in its didtribution center is projected at 5% of the unit purchase price.Both costs are expected to be constant for the foreseeable future.on average H&M sells a unit of clothing for R300 at cost plus 50%.Orders are received two weeks after being placed with the supplier.Assume 365 day year and that demand is constant throughout the year.Calculate the economic order quantity?Tamarisk Inc is a company that manufactures and sells a single product. Unit sales for each of the 4 quarters of 2020 are projected as follows: q1 = 96,000 units q2 = 180,000 units q3 = 660,000 units q4 = 144,000 annual total = 1,080,000 units Tamarisk incurs variable mfg costs of $0.40 per unit and variable non-mfg costs of $0,35 per unit. Tamarisk will incur fixed mfg costs of $864,000 and fixed non-mfg costs of $1,296,000. Tamarisk will sell its product for $4 per unit. Compute Tamarisk's profit margin on sales for each of the four quarters of 2020 under both the integral and discrete approaches.