Question: for better understandment please show work for each sections. without it, its pointless. The Bear Corporation will begin business operations on January 1, 2020. Below
The Bear Corporation will begin business operations on January 1, 2020. Below is the anticipated SALES BUDGET (in units): use excel Jan. Feb. Mar. 40,000 _70,000 10,000 _80,000 _50,000 Apr. May ADDITIONAL INFORMATION a. Ending finished goods inventory should be equal to 10% of next month's sales projection b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound. Labor cost is $10 per unit produced. c Ending raw material inventory should be equal to 20% of next month's material requirement Factory overhead is $18,000 per month of which $8,000 is for depreciation. All costs are paid in the month incurred except for purchases which is paid in the following month The selling price per unit is $100. Prepare a SALES BUDGET for the first quarter (January through March). Prepare a PRODUCTION BUDGET for the first quarter (January through March Prepare a Raw Materials PURCHASES BUDGET for the first quarter (Jan, through Mar Prepare a CASH DISBURSEMENTS budget for the first quarter (January through March
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