Question
In: Accounting
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
|
Month |
Units |
|
| April | 2,600 | |
| May | 2,420 | |
| June | 2,320 |
The target ending inventory of finished products is as
follows.
| March 31 | 2,010 | |
| April 30 | 2,270 | |
| May 31 | 2,100 | |
| June 30 | 2,360 |
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,670 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory of raw materials at the end of each month equal to 50% of
the following month’s production requirements.
Raw materials are expected to cost $6 per unit throughout the
period.
Calculate the May raw materials purchases in dollars.
| Raw material purchases cost | $ |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows. Month Units April 2,530 May 2,420 June 2,310 The
target ending inventory of finished products is as follows. March
31 2,050 April 30 2,300 May 31 2,100 June 30 2,300 2 units of
material are required for each unit of finished product. Production
for July is estimated at 2,710 units to start building inventory
for the fall sales period. Rensing’s policy is to have an inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,590
May
2,450
June
2,360
The target ending inventory of finished products is as
follows.
March 31
2,030
April 30
2,240
May 31
2,170
June 30
2,330
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,620 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,600
May
2,500
June
2,380
The target ending inventory of finished products is as
follows.
March 31
2,030
April 30
2,290
May 31
2,140
June 30
2,380
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,780 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month
Units
April
2,560
May
2,420
June
2,340
The target ending inventory of finished products is as
follows.
March 31
2,040
April 30
2,200
May 31
2,200
June 30
2,300
2 units of material are required for each unit of finished product.
Production for July is estimated at 2,800 units to start building
inventory for the fall sales period. Rensing’s policy is to have an
inventory...
Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows. Month Units...
Rensing Ltd. estimates sales for the second quarter of 2017 will
be as follows.
Month Units
April 2,520
May 2,440
June 2,390
The target ending inventory of finished products is as
follows.
March 31 2,010
April 30 2,280
May 31 2,170
June 30 2,330
2 units of material are required for each unit of finished
product. Production for July is estimated at 2,750 units to start
building inventory for the fall sales period. Rensing’s policy is
to have an inventory...
Aztec, Inc. had sales as follows during 2017: Quarter 1 7,000 units Quarter 2 8,000 units...
Aztec, Inc. had sales as follows during 2017:
Quarter 1
7,000 units
Quarter 2
8,000 units
Quarter 3
9,000 units
Quarter 4
8,000 units
Aztec expects sales in each quarter of 2018 to be 10% more than
the respective quarters for 2017. If each unit sells for $100, what
amounts will appear as sales revenue in the quarterly sales budgets
for 2018?
$770,000; $880,000; $990,000; $880,000
$630,000; $720,000; $810,000; $720,000
Q1.ABC Company has projected sales and production in units for the second quarter of 2017 as...
Q1.ABC Company has projected sales and production in
units for the second quarter of 2017 as follows
Particular
April
May
June
sales
35,000
25,000
30,000
Production
30,000
25,000
40,000
Cash production costs are budgeted at SR 7 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 (all paid in cash) amount to SR 70,000 per
month. The accounts payable balance...
Bonita Industries estimates its sales at 170000 units in the first quarter and that sales will...
Bonita Industries estimates its sales at 170000 units in the
first quarter and that sales will increase by 13000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at
$5625200.
$7820400.
$3896900.
$6778100.
Marigold Corp. estimates its sales at 250000 units in the first quarter and that sales will...
Marigold Corp. estimates its sales at 250000 units in the
first quarter and that sales will increase by 25000 units each
quarter over the year. They have, and desire, a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at
$8610000.
$5932500.
$10342500.
$11970000.
Royal Manufacturing estimates its sales at 100,000 units in the first quarter and that sales will...
Royal Manufacturing estimates its sales at 100,000 units in the
first quarter and that sales will increase by 10,000 units each
quarter over the year. Company policy requires a 25% ending
inventory of finished goods. Each unit sells for $35. 40% of the
sales are for cash. 70% of the credit customers pay within the
quarter. The remainder is received in the quarter following
sale.
Cash collections for the third quarter are budgeted at?
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Instructions: Each of the following scenarios illustrates one of Freud’s defense mechanisms from the list below....
- What are the SHDN, LNA in opamp What are the TXCO coding algorithm for binary and...
- Need to program a maze traversal program using dynamic array and stacks. The problem is faced...
- what were some of Ida B Wells significant contributions to the civil rights movement?
- In 2007, there were many people in Sri Lanka who have an opinion that the government...
- Example #2: Write the following set of four linear equations with 4 unknowns x1, x2, x3,...
- "In the digital age, our personal and collective privacy is threatened like it never has been...
ADVERTISEMENT