Bridgeport Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators...
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Bridgeport Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $8 and $6, respectively. Because of the intense competition Bridgeport faces, management budgets sales annually. Its projections for the fou quarters of 2022 are as follows: Unit Sales Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 Deluxe 9.800 15,300 30,600 25,300 Standard 15.000 19.600 24,900 30.200 Prepare a sales budget for the four quarters ending December 31, 2022. For each quarter and for the 12 months, indicate the numbe of units, selling price, and total sales for each product and in total. 2 1 Deluxe BRIDGEPORT ELECTRONICS INC. Sales Budget For the year ending December 31, 2022 Quarter 3 uestion 2 of 4 Deluxe Sales in units < A 1 Unit price $ $ Deluxe sales $ Standard Sales in units A $ $ 2 Quarter 3 A $ $ tA -/2 $ $ $ 59 Standard sales $ $ $ $ Unit price Total sales combined tA $ $ $ $ Question 3 of 4 < > -/4= Sheridan Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2022 sales budget is as follows: Quarter Units of HD-240 1 2 3 4 5.900 7,500 9,200 10,500 The January 1, 2022, inventory of HD-240 is 1,700 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2023 to be 20% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter for 2022. 1 C SHERIDAN COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2022 2 Quarter 3 Question 3 of 4 -/4= the next quarter's sales. It expects sales in the first quarter of 2023 to be 20% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter for 2022. Total > SHERIDAN COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2022 Quarter 2 C W 3 Question 4 of 4 Sunland Company is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: -/3 1. Units to be produced (by quarters): 10,400, 11,500, 15,600, 18,200 2. Direct labour: 1.4 hours per unit 3. Variable overhead costs per direct labour hour: indirect materials $0.70; indirect labour $1.30; and maintenance $0.50 4. Fixed overhead costs per quarter: supervisory salaries $34,300; depreciation $15,800; and maintenance $14,300 Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round variable cost per unit to 2 decimal places, e.g. 15.25.) > > 1 Q Search SUNLAND COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 2 Quarter 3 W Question 4 of 4 < 8bd8d10b-fa84-456a-919b-d3c912a797f6#/question/3 > < > > 1 6A 6A 6A -/3 : SUNLAND COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 Quarter $ tA 2 A SA $ A 3 $ tA EA Bridgeport Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $8 and $6, respectively. Because of the intense competition Bridgeport faces, management budgets sales annually. Its projections for the fou quarters of 2022 are as follows: Unit Sales Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 Deluxe 9.800 15,300 30,600 25,300 Standard 15.000 19.600 24,900 30.200 Prepare a sales budget for the four quarters ending December 31, 2022. For each quarter and for the 12 months, indicate the numbe of units, selling price, and total sales for each product and in total. 2 1 Deluxe BRIDGEPORT ELECTRONICS INC. Sales Budget For the year ending December 31, 2022 Quarter 3 uestion 2 of 4 Deluxe Sales in units < A 1 Unit price $ $ Deluxe sales $ Standard Sales in units A $ $ 2 Quarter 3 A $ $ tA -/2 $ $ $ 59 Standard sales $ $ $ $ Unit price Total sales combined tA $ $ $ $ Question 3 of 4 < > -/4= Sheridan Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2022 sales budget is as follows: Quarter Units of HD-240 1 2 3 4 5.900 7,500 9,200 10,500 The January 1, 2022, inventory of HD-240 is 1,700 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2023 to be 20% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter for 2022. 1 C SHERIDAN COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2022 2 Quarter 3 Question 3 of 4 -/4= the next quarter's sales. It expects sales in the first quarter of 2023 to be 20% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter for 2022. Total > SHERIDAN COMPANY Production Budget-Product HD-240 For the Year Ending December 31, 2022 Quarter 2 C W 3 Question 4 of 4 Sunland Company is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: -/3 1. Units to be produced (by quarters): 10,400, 11,500, 15,600, 18,200 2. Direct labour: 1.4 hours per unit 3. Variable overhead costs per direct labour hour: indirect materials $0.70; indirect labour $1.30; and maintenance $0.50 4. Fixed overhead costs per quarter: supervisory salaries $34,300; depreciation $15,800; and maintenance $14,300 Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round variable cost per unit to 2 decimal places, e.g. 15.25.) > > 1 Q Search SUNLAND COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 2 Quarter 3 W Question 4 of 4 < 8bd8d10b-fa84-456a-919b-d3c912a797f6#/question/3 > < > > 1 6A 6A 6A -/3 : SUNLAND COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 Quarter $ tA 2 A SA $ A 3 $ tA EA
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Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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