Using the assumption information, and the budgeted sheet what are two flaws based on the assumptions or
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Using the assumption information, and the budgeted sheet what are two flaws based on the assumptions or the budget sheet itself.
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Buns Bakery - Assumptions Sales: Results for last quarter Product Quantity - One-dozen packages except loaves of bread which is each Price Andy Griff's Price Increases Jeff Barza, Sales Manager Suggestions on Drop in Volume for first quarter Nicole's Assumption Increase in Quarters 2-3 Increase in Quarter 4 due to holidays Increase in New Year, Quarter 1 Sales to Café - All Cash Credit Policy: Cash Collections by Qtr Qtr 3 Sales Qtr 4 Sales Production: Inventory Levels based on 90 day Qtr: Raw Materials Needed for Next Qtr Work in Process Finished Goods Time Requirements Mixing for 8 dozen muffins Mixing for 12 dozen cookies Mixing for 4 loaves of bread Baking for each batch Packaging for (2) one dozen cookies Packaging for (2) one dozen muffins Packaging for 8 loaves of bread Labor Requirements Mixers' Hourly Rate Bakers' Hourly Rate Muffins $ $ $ 69 69 Qtr of Sale Muffins $ 69 69 45,000 5.50 $ 6.00 $ 10% 10% 5% 20% 5% 10% 30% 802,000 1,002,500 0.25 Cookies 90 days 15% 2 days 0.5 0.25 7.50 8.00 65,000 Cookies 4.75 $ 5.25 $ Qtr after Sale 2 Qtrs after Sale 45% Loaves of Bread 85,000 5.25 0.25 0.5 0.25 5.75 25% Loaves of Bread 0.25 0.5 0.25 100% No bad debt Buns Bakery - Assumptions Sales: Results for last quarter Product Quantity - One-dozen packages except loaves of bread which is each Price Andy Griff's Price Increases Jeff Barza, Sales Manager Suggestions on Drop in Volume for first quarter Nicole's Assumption Increase in Quarters 2-3 Increase in Quarter 4 due to holidays Increase in New Year, Quarter 1 Sales to Café - All Cash Credit Policy: Cash Collections by Qtr Qtr 3 Sales Qtr 4 Sales Production: Inventory Levels based on 90 day Qtr: Raw Materials Needed for Next Qtr Work in Process Finished Goods Time Requirements Mixing for 8 dozen muffins Mixing for 12 dozen cookies Mixing for 4 loaves of bread Baking for each batch Packaging for (2) one dozen cookies Packaging for (2) one dozen muffins Packaging for 8 loaves of bread Labor Requirements Mixers' Hourly Rate Bakers' Hourly Rate Muffins $ $ $ 69 69 Qtr of Sale Muffins $ 69 69 45,000 5.50 $ 6.00 $ 10% 10% 5% 20% 5% 10% 30% 802,000 1,002,500 0.25 Cookies 90 days 15% 2 days 0.5 0.25 7.50 8.00 65,000 Cookies 4.75 $ 5.25 $ Qtr after Sale 2 Qtrs after Sale 45% Loaves of Bread 85,000 5.25 0.25 0.5 0.25 5.75 25% Loaves of Bread 0.25 0.5 0.25 100% No bad debt
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Using the assumption information and the budgeted sheet what are two flaws based on the assumptions or the budget sheet itself 1 The first flaw is tha... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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