Smart Price Company, a producer of black forest cakes, has budgeted sales and production (in units)...
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Smart Price Company, a producer of black forest cakes, has budgeted sales and production (in units) for the last quarter in 2019 to be as follows: Sales Production October November 26,000 28,000 26,000 December 27,000 33,000 In addition to this, note the following information: i) At the end of the September, there are 6,000 black forest cakes. ii) At the end of November, a minimum of 10% of the next month's sales of black forest cakes must be on hand. iii) The selling price for black forest cakes is expected to be $800 each. iv) Each cake will require two (2) pounds of raw materials which cost $300 per pound. v) Smart Price Company wants to always have 4,000 pounds of raw material at the end of each month. How much is the expected sales in dollars for the month of November 2019. Smart Price Company, a producer of black forest cakes, has budgeted sales and production (in units) for the last quarter in 2019 to be as follows: Sales Production October November 26,000 28,000 26,000 December 27,000 33,000 In addition to this, note the following information: i) At the end of the September, there are 6,000 black forest cakes. ii) At the end of November, a minimum of 10% of the next month's sales of black forest cakes must be on hand. iii) The selling price for black forest cakes is expected to be $800 each. iv) Each cake will require two (2) pounds of raw materials which cost $300 per pound. v) Smart Price Company wants to always have 4,000 pounds of raw material at the end of each month. How much is the expected sales in dollars for the month of November 2019.
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Calculate the expected sales in dollars for the month of November 2019 Given September ending inve... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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