8,800 units.8.000 units.8.400 units.7,200 units. Superior Industries' sales budget shows quarterly sales for the next year as follows:QuarterFirstSales (Units)10,0008,00012,00014,000SecondThirdFourthCompany policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted productionfor the second quarter?

Ending inventory in Quarter 2 = Sales unit in quarter 3 * 20% = 12,000 * 20% Ending inventory in…

Superior Industries' sales budget shows quarterly sales for the next year as follows: Sales (Units) Quarter First Second Third Fourth 10, e0 8,000 12,000 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter?

Superior Industries' sales budget shows quarterly sales for the next year as follows: Sales (Units) Quarter First Second Third Fourth 10, e0 8,000 12,000 14,000 Company policy is to have a finished goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1E: The sales department of Macro Manufacturing Co. has forecast sales for its single product to be...

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A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and the remainder are credit sales. The company finds that typically 10 percent of a months credit sales are paid in the month of sale, 70 percent are paid the next month, and 15 percent are paid in the second month after sale. Expected cash receipts in July are budgeted at what amount? a. 114,520 b. 143,150 c. 145,720 d. 156,000
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The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in the West region. The budgeted selling price is 25 per unit. The desired ending inventory on June 30 is 2,000 units, and the expected beginning inventory on June 1 is 3,000 units. Prepare the following: a. A sales budget for June. b. A production budget for June.
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What is the production budgeted for the third quarter? Company policy is to have a finished goods inventory at the end of each quarter equal to 18 percent of the next quarter's sales. The sales budget for Your Company's projected quarterly sales for next years as follows: Quarter 1: Quarter 2: Quarter 3: Quarter 4: 55,000 units 18,000 units 22,000 units 44,000 units O 25,950 O 18,040 O 18.720 O 17,280
What is the production budgeted for the third quarter? Company policy is to have a finished goods inventory at the end of each quarter equal to 18 percent of the next quarter's sales. The sales budget for Your Company’s projected quarterly sales for next years as follows: Quarter 1: 55,000 units Quarter 2: 18,000 units Quarter 3: 22,000 units Quarter 4: 44,000 units Group of answer choices 25,950 17,280 18,040 18,720