Chapter 7 - EXERCISES E7-1 W Smith Manufacturing Co Sales...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISES E7-1 W. Smith Manufacturing Co. Sales Budget For the Month Ended June 30, 20-- Unit Sales Unit Selling Total Region Volume Price Sales East 15,000 $25 $375,000 West 5,000 $25 125,000 Total 20,000 $500,000 W. Smith Manufacturing Co. Production Budget For the Month Ended June 30, 20-- Units Sales (from sales budget) ................................................. 20,000 Plus desired ending inventory, June 30 ............................ 3,000 Total ................................................................................... 23,000 Less estimated beginning inventory, June 1 ..................... 2,000 Total production ................................................................. 21,000 E7-2 C. Coles Manufacturing Co. a. Production Budget For the Month Ended March 31, 20-- Units to be sold .................................................................. 20,000 Ending inventory required ................................................. 1,000 Total ................................................................................... 21,000 Beginning inventory ........................................................... 3,000 Units to be manufactured during March ............................ 18,000 b. C. Coles Manufacturing Co. Direct Materials Budget For the Month Ended March 31, 20-- Material A Material B Materials needed for production of 18,000 units .... 18,000 gal. 18,000 lbs. Ending inventory required ....................................... 1,000 1,000 Total ........................................................................ 19,000 gal. 19,000 lbs. Beginning inventory ................................................ 500 1,000
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Units to be purchased ............................................. 18,500 gal. 18,000 lbs. Unit cost .................................................................. $2 $1 Materials purchases budget ................................... $ 37,000 $ 18,000
Image of page 2
E7-3 a. Scripps Manufacturing Co.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern