Question: Please provide formula, and process, in excel. QUESTION 1 Frolic Corporation has budgeted sales and production over the next quarter as follow: July August September

Please provide formula, and process, in excel.

QUESTION 1

Frolic Corporation has budgeted sales and production over the next quarter as follow:

July

August

September

Sales in Units

50,000

62,000

??????

Production in units

71,200

62,300

66,650

The company has 6,000 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month.

October sales are expected to be 81,500 units.

Required:

Prepare the Budgeted sales for September in units.

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:

1a. a. $10,200 b. $7,800 c. $9,900 d. $4,950 1b. 1c. 1d. Bonomo Corporation has provided the following information concerning a capital budgeting project: Tax rate Expected life of the project...

Q:

The following are budgeted data: Sales in units Production in units January February March 15,200 20,400 18,200 18,200 19,200 17,100 One pound of material is required for each finished unit. The...

Q:

urgent thx!!! 2. Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $260,000 and its net operating income was $17,000. If fixed expenses totaled...

Q:

Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,160 patient-visits and the actual level of activity was 1,150 patient-visits....

Q:

urgent thx~ 3. Assume the following information: Amount Selling price $ 30 Variable expense ratio 80% Fixed expenses $ 8,000 per month Unit sales 3,400 per month How many units need to be sold to...

Q:

urgent thx` 4. Assume a companys estimated unit sales and required production for January are 25,950 units and 25,145 units, respectively. The company always maintains ending finished goods inventory...

Q:

urgent thx~ 5. Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 45,000 57,000 ? Production in units 45,700 57,300 61,650 The...

Q:

PLEASE HELP ME SOLVE THESE!!! THANK YOU Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $291,000 for November,...

Q:

Hi, This is a project of managerial accounting. There are two questions. I have attached the files for that. Please have a look and let me know if you can do it in a week. Capital Budgeting Decision...

Q:

Can I get some help with this please? SAMPLE PROJECT INSTRUCTIONS You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the...

Q:

There are three strategic options for competing internationally: multi-country, global, and hybrid. Assume you are in charge of developing a strategy for a multi-national company selling products in...

Q:

Considering this circuit, Y X DQ L G Z DQ from the options below, select the correct timing diagram. -l

Q:

Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $ 5 5 , 2 5 0 in premiums for the policy during her life. When she dies, Jason collects...

Q:

\f

Q:

7-14 What kind of technology does your school or university library use? Does IT play a crucial role in managing operations? RFID (Radio-frequency Identification) can play a key role in library...

Q:

7-15 How is RFID technology helping the Allianze University College of Medical Sciences library to detect and prevent the theft of books? RFID (Radio-frequency Identification) can play a key role in...

Q:

7-11 This project will help develop your Internet skills in using Web search engines for business research. Use Google and Bing to obtain information about the Internet of Things. If you wish, try...