Question
In: Accounting
Tilson Company has projected sales and production in units for the second quarter of the coming...
Tilson Company has projected sales and production in units for the second quarter of the coming year as follows:
April May June
Sales 55,000 45,000 65,000
Production
65,000
55,000
55,000
Cash-related production costs are budgeted at $7 per unit produced.
Of these production costs, 40% are paid in the month in which they
are incurred and the balance in the following month. Selling and
administrative expenses will amount to $110,000 per month. The
accounts payable balance on March 31 totals $193,000, which will be
paid in April.
All units are sold on account for $16 each. Cash collections from
sales are budgeted at 60% in the month of sale, 30% in the month
following the month of sale, and the remaining 10% in the second
month following the month of sale. Accounts receivable on April 1
totalled $520,000 ($100,000 from February's sales and the remainder
from March).
Required:
a) Prepare a schedule for each month showing budgeted cash
disbursements for Tilson Company.
b) Prepare a schedule for each month showing budgeted cash receipts
for Tilson Company.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
45,000
35,000
55,000
Production
55,000
45,000
45,000
Cash-related production costs are budgeted at $7 per unit
produced. Of these production costs, 25% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $70,000 per
month. The accounts payable balance on March 31 totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April May June
Sales 50,000 40,000
60,000
Production 60,000 50,000
50,000
Cash-related production costs are budgeted at $8 per unit
produced. Of these production costs, 35% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $80,000 per
month. The accounts payable balance on March 31...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
49,000
39,000
59,000
Production
59,000
49,000
49,000
Cash-related production costs are budgeted at $6 per unit
produced. Of these production costs, 40% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $60,000 per
month. The accounts payable balance on March 31 totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
53,000
43,000
63,000
Production
63,000
53,000
53,000
Cash-related production costs are budgeted at $5 per unit
produced. Of these production costs, 40% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $50,000 per
month. The accounts payable balance on March 31 totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows: April May
June Sales 61,000 51,000 71,000 Production 71,000 61,000 61,000
Cash-related production costs are budgeted at $6 per unit produced.
Of these production costs, 50% are paid in the month in which they
are incurred and the balance in the following month. Selling and
administrative expenses will amount to $60,000 per month. The
accounts payable balance on March 31 totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows: April May
June Sales 60,000 50,000 70,000 Production 70,000 60,000 60,000
Cash-related production costs are budgeted at $8 per unit produced.
Of these production costs, 45% are paid in the month in which they
are incurred and the balance in the following month. Selling and
administrative expenses will amount to $80,000 per month. The
accounts payable balance on March 31 totals...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units
for the second quarter of the coming year as follows:
April
May
June
Sales
61,000
51,000
71,000
Production
71,000
61,000
61,000
Cash-related production costs are budgeted at $6 per unit
produced. Of these production costs, 50% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $60,000 per
month. The accounts payable balance on March 31 totals...
Bainbridge, Inc. has projected sales and production in units for the second quarter of the coming...
Bainbridge, Inc. has projected sales and production in units for
the second quarter of the coming year as follows:
August
September
October
Production
95,000
85,000
70,000
Sales
85,000
75,000
95,000
Cash-related production costs are budgeted at $12 per unit
produced. Of these production costs, 35% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $125,000 per
month and increase 2% each month thereafter. The accounts...
ABC Inc. has projected sales and production in units for the second quarter of the coming...
ABC Inc. has projected sales and production in units for the
second quarter of the coming year as follows:
April
May
June
sales.......
50,000
40,000
60,000
production.....
60,000
50,000
50,000
cash related production costs are budgeted at $5 per unit
produced. Of these production costs, 40% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $100,000 per
month. The accounts payable balance on March 31...
Clay Corporation has projected sales and production in units for the second quarter of the coming...
Clay Corporation has projected sales and production in units for
the second quarter of the coming year as follows:
April
May
June
Sales
55,000
47,000
65,000
Production
62,500
52,500
52,500
Cash-related production costs are budgeted at $5.5 per unit
produced. Of these production costs, 30% are paid in the month in
which they are incurred and the balance in the following month.
Selling and administrative expenses will amount to $150,000 per
month. The accounts payable balance on March 31 totals...
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