accouting ten questions/pricenegotionable

Project Description:

1. (6 points)
the following budget information relates to the safeway corporation unit sales:

2015 units

july 25,000
august 53,000
september 21,000
october 34,000

of the units budgeted, the frozen food division sells 55% at a price of $30
per unit and the remainder are sold by the baked goods division at a price
of $20 per unit.

instructions
prepare separate sales budgets for each division and for the company
in total for the third quarter of 2015.

2. (12 points)
the following budget information relates to the vanguard company unit sales:

2015 units

april 27,000
may 32,000
june 17,000
july 21,000
august 16,000

the finished goods units on hand on march 31, 2015, was 2,000
units. each unit requires 3 pounds of raw materials that are
estimated to cost an average of $6 per pound. it is the company's
policy to maintain a finished goods inventory at the end of each
month equal to 15% of next month's anticipated sales. they also have
a policy of maintaining a raw materials inventory at the end of each
month equal to 25% of the pounds needed for the following month's
production. there were 10,000 pounds of raw materials on hand at
march 31, 2015.

instructions
prepare the following budget reports for the second quarter of 2015,
a) a production budget
(b) a direct materials budget.

3. (5 points)
the following budget information relates to the xerox company. for the
second quarter of 2015, the following data are developed:

1. sales: 30,000 units; unit selling price: $25
2. variable costs per dollar of sales:
sales commissions 6%
delivery expense 2%
advertising 8%
3. fixed costs per quarter:
sales salaries $40,000
office salaries 26,000
depreciation 7,000
insurance 2,000
utilities 1,000

instructions
prepare a selling and administrative expense budget for the second
quarter of 2015.

4. (14 points)
federated department stores has budgeted sales revenues as follows:


credit sales july $250,000
august 190,000
september 150,000
october 140,000

in the past, 75% of the credit sales were collected in the month of sale, 20% were collected in the first month following the sale and 5% in the second month following the sale. purchases of inventory are all on credit and 28% is paid in the month of purchase and 72% in the month following purchase. budgeted inventory purchases are:

july $200,000
august 100,000
september 125,000
october 150,000

other cash disbursements budgeted: (a) selling and administrative
expenses of $20,000 each month, (b) dividends of $50,000 will be
paid in july, and (c) purchase of a van in august for $45,000
cash.

the company wishes to maintain a minimum cash balance of $50,000 at
the end of each month. borrowed money is repaid in months when there is an
excess cash balance. the beginning cash balance on september 1 was $50,000.
if money is borrowed, ignore interest

instructions
(a) prepare separate schedules for (1) expected collections from customers
and (2)expected payments for purchases of inventory.
(b) prepare a cash budget for the months of september and october.

5. (6 points)
the following budget information relates to general motors company.
variable manufacturing overhead costs per machine hour are as follows:

indirect labor $7.25
indirect materials 3.50
maintenance .95
utilities .52

fixed overhead costs per month are:
supervision $800
insurance 350
property taxes 400
depreciation 900

the normal operating range is 6,000 to 10,000 machine hours per month.

instructions
general motors would like a flexible manufacturing overhead budget prepared
based o
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $50 to $100
Completed
Total Proposals: 13
1 Current viewersl
74 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.3
    309 Jobs 189 Reviews
    $75 in 1 Day
  • 4.9
    246 Jobs 94 Reviews
    $90 in 2 Days
  • 4.5
    94 Jobs 58 Reviews
    $80 in 2 Days
  • 4.8
    405 Jobs 247 Reviews
    $120 in 2 Days
  • 4.9
    154 Jobs 95 Reviews
    $65 in 1 Day
  • 4.9
    25 Jobs 10 Reviews
    $80 in 2 Days
  • 4.8
    60 Jobs 32 Reviews
    $100 in 2 Days
  • 4.9
    313 Jobs 184 Reviews
    $70 in 12 Hours
  • 4.8
    2 Jobs 1 Reviews
    $68 in 1 Day
  • 4.9
    95 Jobs 45 Reviews
    $80 in 1 Day