Question
In: Finance
Budgeting Inventories For each independent situation below, determine the missing amounts: A B C D Beginnning...
Budgeting Inventories
For each independent situation below, determine the missing
amounts:
| A | B | C | D | |||
|---|---|---|---|---|---|---|
| Beginnning inventory | 13,000 | Answer | 10,000 | Answer | ||
| Produced | 40,000 | 30,000 | Answer | 60,000 | ||
| Available | Answer | Answer | 26,000 | 61,000 | ||
| Sold | 45,000 | 25,000 | Answer | Answer | ||
| Ending inventory | Answer | 10,000 | 3,000 | 5,000 |
Solutions
Expert Solution
| Particulars | A | B | C | D |
| Beginning inventory | 13,000 | 5,000 | 10,000 | 1,000 |
| Produced | 40,000 | 30,000 | 16,000 | 60,000 |
| Available | 53,000 | 35,000 | 26,000 | 61,000 |
| Sold | 45,000 | 25,000 | 23,000 | 56,000 |
| Ending inventory | 8,000 | 10,000 | 3,000 | 5,000 |
A
Availalbe = Beginning + produced = 13,000+40,000 = 53,000
Ending = Available - sales = 53,000-45,000 = 8,000
B
Available = ending + sales = 10,000+25,000 = 35,000
Beginning = available - produced = 35,000-30,000 = 5,000
C
Produced = available - beginning = 26,000-10,000 = 16,000
Sold= available - ending = 26,000-3,000 = 23,000
D
Sold= available - ending = 61,000 - 5,000 = 56,000
Beginning = available - produced = 61,000-60,000 = 1,000
Please rate the answer.
jeff jeffy answered 1 year agoRelated Solutions
Determine the missing amounts in each of the following independent cases. Case A Case B Case...
Determine the missing amounts in each of the following
independent cases.
Case A
Case B
Case C
Beginning
inventory, raw material
98,000
7,500
Ending
inventory, raw material
199,000
34,000
Purchases
of raw material
295,000
274,000
Direct
material used
235,000
323,000
Direct
labor
395,000
72,000
Manufacturing overhead
595,000
99,000
Total
manufacturing costs
1,135,000
1,130,000
222,000
Beginning
inventory, work in process
89,000
79,000
Ending
inventory, work in process
124,000
4,400
Cost of
goods manufactured
1,088,000
225,000
Beginning
inventory, finished goods
195,000
139,000...
Determine the missing amounts
Presented below is the basic accounting equation.Determine the missing amounts
Assets = Liabilities + Owner's Equity
(a) $90,000 $50,000 ?
(b) ? $44,000 $70,000
(c) $94,000 ...
Cross-number problem (fill in the missing amounts in the cases below, each case is independent) Case...
Cross-number problem (fill in the missing amounts in the
cases below, each case is independent)
Case
Units Sold
Sales
Variable Expenses
Contribution Margin per unit
Fixed Expenses
Net Income
1
?
$100,000
?
10
32,000
8,000
2
6,000
300,000
?
?
100,000
(10,000)
Case
Sales
Variable expenses
Average contribution margin (percent)
Fixed expenses
Net Income (loss)
3
$500,000
?
20
?
$7,000
4.
?
?
60
130,000
20,000
Cross-number problem (fill in the missing amounts in the cases below, each case is independent) Case...
Cross-number problem (fill in the missing amounts in
the cases below, each case is independent)
Case
Units Sold
Sales
Variable Expenses
Contribution Margin per unit
Fixed Expenses
Net Income
1
?
$100,000
?
10
32,000
8,000
2
6,000
300,000
?
?
100,000
(10,000)
Case
Sales
Variable expenses
Average contribution margin (percent)
Fixed expenses
Net Income (loss)
3
$500,000
?
20
?
$7,000
4.
?
?
60
130,000
20,000
Two independent situations are described below. Each situation has future deductible amounts and/or future taxable amounts...
Two independent situations are described below. Each situation
has future deductible amounts and/or future taxable amounts
produced by temporary differences.
Situation
1
2
Taxable income
$40,000
$80,000
Amounts at year-end:
Future deductible amounts
5,000
10,000
Future taxable amounts
–0–
5,000
Balances at beginning of year:
Deferred tax asset
1,000
4,000
Deferred tax liability
–0–
1,000
The enacted tax rate is 25% for both situations. Determine the
income tax expense for the year.
Situation 1
Situation 2
a.$10,000$20,000
b.$9,750$21,750
c.$5,000$17,000
d.$0$0
Fill in the missing amounts for the following 4 companies. Each case is independent of the...
Fill in the missing amounts for the following 4 companies. Each
case is independent of the others. Assume that only one product is
being sold by each company:
Company A
Company B
Company C
Company D
Units Sold
600
900
Sales in Dollars
$30,000
$63,000
$235,000
$
Total Variable Expenses
$6,600
$
$
$135,000
Per Unit C/M
$
$60
$270
$140
Total Fixed Expenses
$20,600
$35,000
$144,000
$
Net Operating Income (Loss)
$
$7,000
$(9,000)
$(25,000)
1. Find the missing value A, B, C, D
Refer to the table below.QuantityVariable Cost (in dollars)Fixed Costs (in dollars)Total Costs (in dollars)Average Variable Costs (in dollars per unit)Average Total Costs (in dollars per unit)Marginal Costs (in dollars per unit)00A40------1154055155515235407517.537.520360401002033.3254904013022.532.530512540165C33356B40D26.633.3351. Find the missing value A, B, C, D2. Continue to refer to this table. If the firm produces 5 units
that it sells for $40.00 each, what will its profits or losses
equal?Select one:a. losses equal $75b. losses equal $35c. profits equal $75d. profits equal $353. Continue to refer...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One
way to find the missing amounts would be to prepare a contribution
format income statement for each case, enter the known data, and
then compute the missing items.)
Required:
a. Assume that only one product is being sold in each of the
four following case situations:
b. Assume that more than one product is being sold in each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.) Required: a. Assume that only one
product is being sold in each of the four following case
situations: b. Assume that more than one product is being sold in
each...
Fill in the missing amounts in each of the eight case situations below. Each case is...
Fill in the missing amounts in each of the eight case situations
below. Each case is independent of the others. (Hint: One way to
find the missing amounts would be to prepare a contribution format
income statement for each case, enter the known data, and then
compute the missing items.)
a. Assume that only one product is being sold in each of the
four following case situations:
Case #1
Case #2
Case #3
Case #4
Unit
sold
8,100
19,500
4,900...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- . Use the following information to calculate your company's expected return State Probability Return Boom 20%...
- You are considering the following two projects and can only take one. Your cost of capital...
- C++: Write a program that produces truth tables for the following compound propositions. Write the header...
- 1. What is the historical role of investment bankers ? Has this role changed ? Why...
- How were the original Internet requirements met through its design? What are the two main requirements...
- discuss crowdfunding on platforms: What features of the services incorporate virality? What are some of the...
- A textbook of mass 2.08 kg rests on a frictionless, horizontal surface. A cord attached to...
ADVERTISEMENT