mpany is expecting to have 1000units sales in next quarter. Find out the Budgeted profit for next quarter. SP -$50/ unit DM cost – $15/unit DL Cost - $5/unit VMOH- $7/unit FMOH –
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
A company is expecting to have 1000units sales in next quarter. Find out the Budgeted profit for next quarter.
- SP -$50/ unit
- DM cost – $15/unit
- DL Cost - $5/unit
- VMOH- $7/unit
- FMOH – 15000
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- 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. $78,750Wet Mop Incorporated expects to sell 10,000 mops. Fixed costs (for the year) are expected to be $10,000, unit sales price is expected to be $12, and unit variable costs are budgeted at $7. Wet Mop's margin of safety (MOS) in units is: Multiple Choice 1,000. 2,000. 4,000. 8,000. 9,000.1. 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…
- ⦁ 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.Apparelle Co. developed the following equation to predict certain components of its budget for the coming period: Costs = $50,000 + ($5 x direct labor hours) The $5 would approximate:a. total costb. direct labor rate per hourc. fixed cost per direct labor hourd. variable costs per direct labor hourUse the information given below to calculate each of the following independently 3.3 Break-even quantity if the selling price drops by 10% INFORMATIONSlumber Limited manufactures beds. The following information was extracted from the budget for 2024:Expected production and sales (units) 1 200Selling price per bed R6 000Direct materials cost per bed R1 700Direct labour cost per bed R860Variable manufacturing overheads cost per bed R320Fixed manufacturing overheads cost R1 084 800Sales commission (as a percentage of the selling price) 20%Fixed administrative and selling costs R720 000 PLEASE PUT THE ANSWER IN RANDS
- A company has the following budget formula for annual electricity expense in its shop: Expense = P 7,200 + (P0.60 x units produced) If management expects to produce 200,000 units during March, the appropriate budget for electricity would be. P 7,200 P 12,000 P 12,600 P 19,200 Group of answer choices 1 2 3 4XYZ company expects the following in the next month: sales volume 50,000 units, contribution margin ratio 60%, the selling price $2per unit, and the total fixed costs $30,000. What will be the degree of operating leverage in the next ?month 6 a O 3.5 .b O 2 .c O None of the choices given d O 1.5 .eA company has the following budget formula for annual electricity expense in its shop: Expense = P 7,200 + (P0.60 x units produced) If management expects to produce 200,000 units during March, the appropriate budget for electricity would be. P 7,200 P 12,000 P 12,600 P 19,200
- ⦁ 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.Use the information given below to calculate each of the following independently 3.5 Selling price per unit that will enable the company to achieve a net profit of R1 500 000 INFORMATIONSlumber Limited manufactures beds. The following information was extracted from the budget for 2024:Expected production and sales (units) 1 200Selling price per bed R6 000Direct materials cost per bed R1 700Direct labour cost per bed R860Variable manufacturing overheads cost per bed R320Fixed manufacturing overheads cost R1 084 800Sales commission (as a percentage of the selling price) 20%Fixed administrative and selling costs R720 000 PLEASE PUT THE ANSWER IN RANDSYou are given the following information in respect of a company:Budgeted output 50, 000 unitsSelling Price per unit OMR 6.00Variable Cost per unit OMR 4.00Total Fixed Costs OMR 20,000Draw a break-even chart showing the breakeven point. If the selling price is increased to OMR 7 per unit, what will be the new break- even point?