Question: good day, kindly, answer the below question with an explanation for each step. Q. Hamed Company is preparing budgets for the quarter ending June 30,

good day,

kindly, answer the below question with an explanation for each step.

Q. Hamed Company is preparing budgets for the quarter ending June 30, 2019.

Budgeted sales in units for the next five months are:

April

May

June

July

20,000

50,000

30,000

25,000

Required:

  1. Prepare Sales budget for April, May & June assuming selling price per unit is SR 15.

  1. Prepare production budget for April, May & June if the company wishes ending inventory as 10 % of next month sales units.

Thank you in advance for not copying other's answers. << important

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Use Fig. 6.3 to specify suitable Schedule 40 pipe sizes for carrying the given volume fl ow rate of water in the suction line and in the discharge line of a pumped distribution system. Select the...

Q:

Please answer the below questions and support your answer with referencing and text citations and provide the calculations formulas, please. Q1. Explain how static budget failed to analyze cost and...

Q:

Please answer the below questions and support your answer with referencing and text citations and provide the calculations formulas, please. Q1. Explain how static budget failed to analyze cost and...

Q:

Q1. Discus how static budget failed to analyze cost and revenues variances and how flexible budget has overcame static budgets deficiencies and explain how does the flexible budget actually work? [15...

Q:

Q1. Discus how static budget failed to analyze cost and revenues variances and how flexible budget has overcame static budgets deficiencies and explain how does the flexible budget actually work? Q2....

Q:

Q1. Discus how static budget failed to analyze cost and revenues variances and how flexible budget has overcame static budgets deficiencies and explain how does the flexible budget actually work? [15...

Q:

Q2. Hamed Company is preparing budgets for the quarter ending June 30, 2019. Budgeted sales in units for the next five months are: April May June July 20,000 50,000 30,000 25,000 Required: a. Prepare...

Q:

Q1. Define in Your words a. Cost Centre b. Profit Centre c. Investment Centre Answer: Q2. Hamed Company is preparing budgets for the quarter ending June 30, 2019. Budgeted sales in units for the next...

Q:

Answer: Q2. Hamed Company is preparing budgets for the quarter ending June 30, 2019. Budgeted sales in units for the next five months are: April May June July 20,000 50,000 30,000 25,000 Required: 1....

Q:

Hamed Company is preparing budgets for a quarter ending June 30 2019. Budgeted sales for the next five months are: April 20,000 units May 50,000 units June 30,000 units July 25,000 units August...

Q:

Q2. Hamed Company is preparing budgets for the quarter ending June 30, 2019. Budgeted sales in units for the next five months are: April May June July 20,000 50,000 30,000 25,000 Required: Prepare...

Q:

How networks can be made resilient to attacks so that the Internet does not become unsustainable in the face of increasing threats to privacy and security.

Q:

The following selected items were taken from the accounts of Hometown Memorial Hospital, a not-for-profit hospital, at December 31, 2011: Debits Administrative services............... $ 310,000...

Q:

A company recently acquired a copyright that now has a remaining legal life of 3 0 years. The copyright initially had a 3 8 - year useful life assigned to it . An analysis of market trends and...

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

(Appendices) DETERMINING UNCOLLECTIBLE ACCOUNT EXPENSE USING THE AGING METHOD. At the beginning of the year, Tennyson Auto Parts had an accounts receivable balance of $31,800 and a balance in the...

Q:

(Appendices) RECORDING SALES. Sullivan Company sells industrial cleaning supplies and equipment to other businesses. During the first quarter of 19x2, the following transactions occurred: a) On...

Q:

(Appendices) SALES AND PURCHASE DISCOUNTS: GROSS AND NET METHODS. Sims Company regularly sells merchandise to Lauber Supply on terms 3/15, n/20. During a recent month, the two firms engaged in the...