Exam #3 (Ch.21) - I started the next case problem. Since...

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I started the next case problem. Since there are 8 things we need to do I thought we could brake them up between us. I think I have the first two done and I'm working on the 3rd. I know the sales budget is correct, but I'm not sure if I did the production budget correct, so if you guys could take a look at that and let me know what you think. Carewood company Sales budget For the first quarter of 2008 January February March Sales in units 6,000 units 9,000 units 6,500 units X selling price per unit 6.00 6.00 6.00 Total sales $ 36,000 $ 54,000 $ 39,000 Carewood company Production budget For the first quarter of 2008 January February March Sales in units 6,000 9,000 6,500 +desired unites of ending finished goods inventory 1,800 1,300 1,180
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Desired total units 7,800 10,300 7,680 - desired units of beginning finished goods inventory 2,808 1,800 1,300 Total production units 4,992 8,500 6,380 Carewood company Schedule of Expected Cash collections from Customers For the First quarter of 2008 January February March Accounts receivable,  Dec 31, 2007 Cash sales Collections of credit sales Jan Feb Mar Total cash to be collected from customers
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Hi Danielle and Mesinee, Please take time to help me to complete our exam. I could not do by myself because this is for a team. This is my solution but it has not completed yet, please. .. please help me check it out and give me your all ideas. I still have question 7 and 8, question 6, I didn't finished yet, please continue to do and give me your answer tonight because tomorrow it have to be submit for Peter. Thank you so much and I'm waiting your reply. Trinh January March Quarter April May Sales in units 6,000 6,500 21,500 5,900 5,100 x Selling price $ 6 $ 6 $ 6 $ Total Sales $ 36,000 $ 39,000 $ 129,000 $ 35,400 $ 30,6
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January March Quarter Nov. (33,000 x .05) 1,650 0 1,650 Dec. (34,000 x .15) 5,100 0 5,100 (34,000 x .05) 0 0 1,700 Jan. (36,000 x .8) 28,800 0 28,800 (36,000 x .15) 0 0 5,400 (36,000 x .05) 0 1,800 1,800 Feb. (54,000 x .80) 0 0 43,200 (54,000 x .15) 0 8,100 8,100 March (39,000 x .80) 0 31,200 31,200 Totals $ 35,550 $ 41,100 $ 126,950
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January March Quarter April May Sales in units 6,000 6,500 21,500 5,900 5 Plus desired units of 1,800 1,180 4,280 1,020 ending Fin. Goods Inv. Desired Total Units 7,800 7,680 25,780 6,920 Less: desired units of 1,200 1,300 4,300 1,180 beg. Fin. Goods Inv. Total production units 6,600 6,380 21,480 5,740
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January March Quarter April Total production units 6,600 6,380 21,480 5,740 x 3.3 lbs per unit 3.3 3.3 3.3 Total production needs 21,780 21,054 70,884 18,942 in lbs Plus desired lbs of 2,805 1,894 6,804 end. Dir. Mat. Inv. Less desired lbs of
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This note was uploaded on 02/10/2011 for the course ACCOUNTING 202 taught by Professor William during the Winter '08 term at Edmonds Community College.

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Exam #3 (Ch.21) - I started the next case problem. Since...

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