Question

In: Accounting

Ring The Bells Co. makes one product. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd...

Ring The Bells Co. makes one product. Budgeted unit sales for 1st Quarter, 2nd Quarter, 3rd Quarter, and 4th Quarter are 580,000; 560,000; 575,000; and 590,000 units, respectively. The ending finished goods inventory should equal 5% of the following month's sales. The budgeted required production for 3rd Quarter is:

a. 575,000 units

b. 575,750 units

c. 574,250 units

d. 560,750 units

e. 560,000 units

Solutions

Expert Solution

Ans: b. 575,750 units

Feel free to ask any clarification, if required. Kindly provide feedback  by thumbs up, if satisfied. It will be highly appreciated.
Thank you.

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

A) Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019...
A) Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019 3,000 3rd Quarter 2019 4,000 Beginning finished goods for the first quarter was 1,400 units. The company's policy is to maintain an inventory of finished goods as 20% of the next quarter sales. The production budget for the SECOND quarter is __________. (no dollar signs, decimals or commas) HINT: you must calculate the first quarter in order to calculate the 2nd quarter. B)JTS Corp...
Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019 3,000...
Moriarity Company has budgeted the following unit sales: 1st Quarter 2019 7,000 2nd Quarter 2019 3,000 3rd Quarter 2019 4,000 Beginning finished goods for the first quarter was 1,400 units. The company's policy is to maintain an inventory of finished goods as 20% of the next quarter sales. The production budget for the SECOND quarter is __________. (no dollar signs, decimals or commas) HINT: you must calculate the first quarter in order to calculate the 2nd quarter.
Mercedes, Co. has the following quarterly financial information. 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter...
Mercedes, Co. has the following quarterly financial information. 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter Sales Revenue $ 925,800 $ 935,300 $ 933,600 $ 941,400 Cost of Goods Sold 305,700 318,300 317,900 323,100 Operating Expenses 248,900 260,300 258,500 262,600 Interest Expense 4,200 4,200 4,200 4,100 Income Tax Expense 85,500 88,400 88,400 90,900 Average Number of Common Shares Outstanding 799,030 794,064 795,670 809,000 Stock price when Q4 EPS released $ 24 Required: Calculate the gross profit percentage for each quarter....
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 35,000 37,000 28,000 33,000 The company’s variable selling and administrative expense per unit is $3.40. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $34,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 21,000 28,000 19,000 19,000 The company’s variable selling and administrative expense per unit is $2.00. Fixed selling and administrative expenses include advertising expenses of $14,000 per quarter, executive salaries of $41,000 per quarter, and depreciation of $20,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 31,000 33,000 24,000 29,000 The company’s variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd...
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 16,000 18,000 15,000 14,000 The company’s variable selling and administrative expense per unit is $1.50. Fixed selling and administrative expenses include advertising expenses of $9,000 per quarter, executive salaries of $35,000 per quarter, and depreciation of $15,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in...
Lever class Example Force Axis Resistance Advantage provided 1st 1st 2nd 2nd 3rd 3rd Determine and...
Lever class Example Force Axis Resistance Advantage provided 1st 1st 2nd 2nd 3rd 3rd Determine and list two practical examples of levers (in the body or daily living) for each lever class. Do not use examples already discussed in this chapter. For each example identify the force, axis, and resistance. Also explain the advantage of using each lever- that is, whether it is to achieve balance, force, motion, speed, or range of motion.
Investment Vehicle X Y Cash received 1st quarter $0.96 $0.00 2nd quarter $1.16 $0.00 3rd quarter...
Investment Vehicle X Y Cash received 1st quarter $0.96 $0.00 2nd quarter $1.16 $0.00 3rd quarter $0.00 $0.00 4th quarter $2.34 $2.19 Investment value Beginning of year $30.27 $54.91 End of year $27.79 $55.57 Calculate a​ one-year holding period return​ (HPR) for the following two investment​ alternatives: Which investment would you​ prefer, assuming they are of equal​ risk? Explain. The HPR for investment X is nothing​%. ​ (Enter as a percentage and round to two decimal​ places.)
How does ring size, hybridization and degree of carbon (1st degree, 2nd degree, 3rd degree) affect...
How does ring size, hybridization and degree of carbon (1st degree, 2nd degree, 3rd degree) affect SN1 and SN2 reactions?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT