Question
In: Accounting
The TS Corporation has budgeted sales for the year as follows: Quarter 1 2 3 4 Sales...
|
The TS Corporation has budgeted sales for the year as follows: Quarter 1 2 3 4 |
What is scheduled production for third quarter?
Solutions
Expert Solution
| Scheduled Prod in Q3 is 58000 Units | ||||
| Statement showing Budget | ||||
| Particulars | Q1 | Q2 | Q3 | Q4 |
| Sales | 10,000.00 | 12,000.00 | 14,000.00 | 16,000.00 |
| Ending inventory @25% | 3,000.00 | 3,500.00 | 4,000.00 | |
| Opening Inv= Ending of prev Quarter | 3,000.00 | 3,500.00 | 4,000.00 | |
| Production =Sales+End -Op | 12,500.00 | 14,500.00 | ||
| Pound reqd per unit | 4.00 | 4.00 | 4.00 | 4.00 |
| Total pounds reqd for prod | 50,000.00 | 58,000.00 | ||
| Raw Mat at end @10% | 5,000.00 | 5,800.00 | ||
| Opening raw Mat | 4,200.00 | 5,000.00 | 5,800.00 | |
| Purchases = Prod+cl-op | 50,800.00 |
ekkarill92 answered 2 years agoRelated Solutions
Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales...
Data
Year 2 Quarter
Year 3 Quarter
1
2
3
4
1
2
Budgeted unit sales
50,000
65,000
115,000
70,000
80,000
90,000
Selling price per unit
$7
per unit
1
Chapter 7: Applying Excel
2
3
Data
Year 2 Quarter
Year 3 Quarter
4
1
2
3
4
1
2
5
Budgeted unit sales
50,000
65,000
115,000
70,000
80,000
90,000
6
7
� Selling price per unit
$8
per unit
8
� Accounts receivable, beginning balance...
The Tobler Corporation has budgeted production for next year as follows: Quarter First Second Third Fourth...
The Tobler Corporation has budgeted production for next year as
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Quarter
First
Second
Third
Fourth
Production in units
10,000
12,000
16,000
14,000
Four pounds of raw materials are required for each unit
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Budgeted purchases of raw materials in the second quarter would
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63,200...
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Chapter 9: Applying Excel
Data
Year 2 Quarter
Year 3 Quarter
1
2
3
4
1
2
Budgeted unit sales
40,000
60,000
100,000
50,000
70,000
80,000
•
Selling price per unit
$8
per
unit
•
Accounts receivable, beginning balance
$65,000
•
Sales collected in the quarter sales are made
75%
•
Sales collected in the quarter after sales are made
25%
•
Desired ending finished goods inventory is
30%
of
the budgeted unit sales of the next quarter
•
Finished...
Chapter 8: Applying Excel Data Year 2 Quarter Year 3 Quarter 1 2 3 4 1...
Chapter 8: Applying Excel
Data
Year 2 Quarter
Year 3 Quarter
1
2
3
4
1
2
Budgeted unit sales
40,000
60,000
100,000
50,000
70,000
80,000
• Selling price per unit
$8
per unit
• Accounts receivable, beginning
balance
$65,000
• Sales collected in the quarter sales are
made
75%
• Sales collected in the quarter after
sales are made
25%
• Desired ending finished goods inventory
is
30%
of the budgeted unit sales...
Year Quarter Sales 1 1 10 1 2 31 1 3 43 1 4 16 2...
Year
Quarter
Sales
1
1
10
1
2
31
1
3
43
1
4
16
2
1
11
2
2
33
2
3
45
2
4
17
3
1
13
3
2
34
3
3
48
3
4
19
4
1
15
4
2
37
4
3
51
4
4
21
a. Construct a time series plot. What type of pattern exists in
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b. Use the following dummy variables to develop an estimated
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name: ___________________________________________________________ 1. Roberts has budgeted production for next year as follows: Quarter First Second Third...
name:
___________________________________________________________
1. Roberts has budgeted production for next year as follows:
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First
Second
Third
Fourth
Budgeted unit sales
9,000
11,000
12,000
14,000
Sales for each quarter of 2020 are listed above for a
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Flatiron Corp has the
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Cash collection
information are as follows:
1. Of all sales, 80%
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unit sales will be 10,000 in quarter 1; 12,000 in quarter 2; 14,000 in quarter 3;...
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for quarter 2?
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 2 4...
Consider the following time series data.
Quarter
Year 1
Year 2
Year 3
1
2
4
5
2
4
5
8
3
1
3
4
4
7
9
10
(a)
Choose the correct time series plot.
(i)
(ii)
(iii)
(iv)
- Select your answer -Plot (i)Plot (ii)Plot (iii)Plot (iv)Item
1
What type of pattern exists in the data?
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ABC Company sells its inventory to customers for $25 per unit.
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