KZ Trading Co. budgeted merchandise purchases of 40,000 units next month. The expected beginning inventory is 12,000 units and the desired inventory at the end of next month is 15,000 units. Budgeted sales in units for the next month is?

Edil Producers, Inc. will start its commercial operations in January 1, 2019. The sales forecast per the sales manager's estimates for its first year of operations is 50,000 units. However, the production manager estimated that only 80% of the sales forecast can be produced with the available workforce and equipment. The product will be sold for P20 per unit. The budgeted peso sales for Edil Producers Inc.'s initial year of operations is?

Bickford Company plans to sell 135,000 units in November and 180,000 units in December. Bickford's policy is that 10% of the following month's sales must be in ending inventory. On November 1, there were 14,000 units in inventory. It takes 30 minutes of direct labor time to make one unit. Direct labor wages average P17 per hour. Variable overhead is applied at the rate of P5 per direct labor hour. Fixed overhead is budgeted at P56,500 per month. What is the direct labor cost budgeted for November?

Connor Company produces speaker systems for cars. Estimated sales (in units) in January are 40,000; in February 37,000; and in March 34,000. Each unit is priced at P60. Connor wants to have 35% of the following month's sales in ending inventory. That requirement was met on January 1. Each speaker system requires 3 boxes and 15 yards of wire. Boxes cost P4 each and wire is P0.60 per yard. Connor wants to have 20% of the following month's production needs in ending raw materials inventory. On January 1, Connor had 24,000 boxes and 100,000 yards of wire in inventory. How many boxes does Connor expect to purchase in January?

Jumpdisk Co. writes checks averaging P15,000 a day, and it takes five days for these checks to clear. The firm also receives checks in the amount of P17,000 per day, but the firm loses three days while its receipts are being deposited and cleared. The firm's net float is?

MTR bank has agreed to provide a lockbox system to Sexy Inc. for a fixed fee of P50, 000 per year and a rate of P.50 for each payment processed by the bank. On average, Sexy Inc. receives 50 payments per day, each averaging P20,000. With the lockbox system, the company's collection float will decrease by two days. The annual interest rate on money market securities is 6%. If Sexy Inc. makes use of the lockbox system, what would be the net benefit to the company? Use 365 days in a year.

AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sales are for cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months following the sale, what are the cash receipts from sales in March?

Answer rating: 100% (QA)

1 To determine the budgeted sales in units for the next month we need to calculate the required purchases to achieve the desired ending inventory Required purchases Budgeted sales Desired ending inven... View the full answer