Ruiz Company provides the following budgeted sales for the next four months. The company wants to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 186 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 620 Units to produce May 700 RUIZ COMPANY Production Budget April June 650 700 30% July 740 May 650 30% June 740 30% Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 186 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 620 Units to produce May 700 RUIZ COMPANY Production Budget April June 650 700 30% July 740 May 650 30% June 740 30%
Expert Answer:
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
The company Pouloop owns a line of production, purchased on March, 5th, 2015, for 200 000, depreciated according to the decline balance method over 5 years (multiplier of 1.5). There is not any...
-
Use the financials of Pepsi Co, Inc. The company you choose should be to address the following: Determine the impact on a company for an accounting change. Consider the following question to guide...
-
Land comprises 1170 million of Norsk Hydros property plant and equipment and land is not depreciated Comment on the age of the companys depreciable assetsthat is all property plant and equipment...
-
A survey of recent masters of business administration (MBAs) reveals that their starting salaries follow a normal distribution with mean $48,000 and standard deviation $9,000. Find the probability...
-
Complaints are often heard about employees who spend most of their time at work using smart phones to send and receive text messages and access the Internet. What program might be effective in...
-
What are the identification of tests of controls and substantive tests for the revenue cycle of Southeast Shoe Distribution, Inc? How can tests of control and substantive tests of the revenue cycle...
-
Height, Weight, and BodyFat Figure 2.87 shows a bubble plot of height, weight, and body fat percentage for a sample of $100 \mathrm{men}$, from the dataset BodyFat. The body fat percentage is...
-
Prepare entries for (a), (b), and (c) listed below using two methods. First, prepare the entries without making a reversing entry. Second, prepare the entries with the use of a reversing entry. Use...
-
Peanut Corporallon exchanged land and cash of $6,500 for equipment the land had a book value of $34.000 Accurn - ilue exchange has commerdal substance.\ Required:\ Note: if no of-equired for o...
-
Becket Corporations accountant has prepared the following balance sheet as of November 10, 2020, the date on which the company is to release a plan for reorganizing operations under Chapter 11 of the...
-
Describe briefly "Social Foundations of Curriculum" Debate It: Take a position for or against this statement: The U.S. should establish a moral education curriculum that must be implemented by all...
-
Suppose that the supply curve for schoolteachers is L S = 20,000 + 350W, and the demand curve for schoolteachers is L D = 100,000 - 150W, where L = the number of teachers and W = the daily wage. a....
-
Consider the following information that you have compiled regarding the steps needed to complete a project. You have identified all relevant steps and have made some determinations regarding...
-
An article in the Wall Street Journal observed that Elon Musk has said he wants [X], which hasnt booked an annual profit since 2019, to rely less on advertising and more on alternative ways of making...
-
An article in the Wall Street Journal in early 2023 discussed Teslas decision to cut the prices of the electric vehicles it sells in China. According to the article, The company said it is responding...
-
In 2022 and 2023, states including Pennsylvania, Utah, and Maryland removed their requirement that those applying for some state government jobs have college degrees. In the case of Pennsylvania, 92...
-
You want to save for a vacation in 3 years. No money has yet been saved. You can save $250 at the end of each month in an investment account earning 9% rate of return per year, compounding monthly....
-
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
-
The following is the Statement of Shareholders Equity from Cisco Systems 2011 annual report. Remember that for comparative purposes, three years are reported in these statements. The 2010 and 2009...
-
On January 1, 2013, Essence Communications issued $800,000 of its 10-year, 8% bonds for $700,302. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31....
-
In 2013, Wade Window and Glass changed its inventory method from FIFO to LIFO. Inventory at the end of 2012 is $150,000. Describe the steps Wade Window and Glass should take to report this change.
-
What is the pro forma statement, and how important is it for a business?
-
Briefly compare replacement value to liquidation value of an asset.
-
Briefly describe what quality control is all about, and explain the three statistical types of control.
Study smarter with the SolutionInn App