Cengage_Now_Assignment_12_Solutions

Cengage_Now_Assignment_12_Solutions - 1,010,000 6(E 9-8...

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Cengage Now Assignment 12 Solutions 1. (MC 9-2) Answer: C 2. (MC 9-4) Answer: C Projected sales (hats) 15,000 Add: Desired ending inventory 700 Total budgeted production needs 15,700 Less: Beginning inventory (1,800) Required production (hats) 13,900 3. (MC 9-5) Answer: C 4. (E 9-3) August Projected sales (units) 1,000 Add: Desired ending inventory 45 Total budgeted production needs 1,045 Less: Beginning inventory (50) Required production (units) 995 5. (E 9-6) Projected production (units) 500,000 X 2 units of RM per unit of finished product X 2 Projected production (units of RM) 1,000,000 Add: Desired ending inventory (units of RM) 50,000 Total projected needs (units of RM) 1,050,000 Less: Beginning inventory (units of RM) (40,000) Projected purchases (units of RM)
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Unformatted text preview: 1,010,000 6. (E 9-8) Cash Receipts Budget Sales April May June February ($156,250) $ 14,062.50 (9%) March ($225,000) 78,750 (35%) $ 20,250 (9%) April ($206,250) 113,437.50 (55%) 72,187.50 (35%) $ 18,562.50 (9%) May ($206,250) 113,437.50 (55%) 72,187.50 (35%) June ($193,750) 106,562.50 (55%) Total $ 206,250 $ 205,875 $ 197,312.50 7. (E 9-9) Cash Receipts Budget Sales January February March March 31 balance Jan. ($3,750) $2,062.50 (55%) $1,312.50 (35%) $ 375.00 (10%) $ 0 Feb. ($3,000)---1,650.00 (55%) 1,050.00 (35%) 300.00 Mar. ($4,000)------2,200.00 (55%) 1,800.00 Total $2,062.50 $2,962.50 $3,625.00 $2,100.00...
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This note was uploaded on 01/11/2011 for the course ACC 200 taught by Professor Buckless during the Winter '08 term at N.C. State.

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Cengage_Now_Assignment_12_Solutions - 1,010,000 6(E 9-8...

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