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Give a brief analysis of the data found in the chart created

Customers balance December 31, 2023 om customers e balance, March 31, 2024: cted in 2nd Ot 2024 Data table Total sales Budgeted purchases of direct matenal Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salaries expense Rent expense Insurance experese Depreciation experie Supples expense Print Done 208.000 40,900 37,500 1,100 1.200 6,700 4,000 1,000 1,400 6.240

Question 5 Part 1

ndow Help mework.pdf Aa v Question 5 You have been recently hired as general manager of Lucky's. It is September 1, and you must prepare the operating budget of this establishment for the first quarter of the upcoming calendar year, and submit it to the corporate office. Since you have been at the operation for only a month or so, you must rely solely on historical data. You gather sales reports and records for the months of January through August of the current year. Using the data provided, prepare the operating budget for Lucky's for the months of January through March of the upcoming year. Here is the information you determined from the most recent sales and costs records: Sales are 10 percent higher than those of the same month during the previous year. Food cost percentage is steady at 32 percent. Fixed labor costs are steady at $9,000 per month. Variable labor costs are 15 percent of sales. Occupancy costs will remain steady at $2,000 per month. Other controllable costs are…

Question 23 ncements -/1 sions View Policies rences Current Attempt in Progress orations Swifty Corporation reported the following information for 2016: PLUS Support October November December Central $370000 $340000 $450000 Budgeted sales Budgeted purchases $140000 $156000 $198000 e 365 es All sales are on credit. a Customer amounts on account are collected 50% in the month of sale and 50 % in the following month. Cost of goods sold is 35% of sales. Swifty purchases and pays for merchandise 60% in the month of acquisition and 40 % in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Swifty receive during November? O $395000 O $170000 O $355000 O $340000 8:57 PM ) 11/27/2019 (? search hp s end prt sc clelete & backspace lock 8 R 4 anter K G sed tri ey utNE gna Σ I

Management Accounting Course Project – Part 1, B Group   The Terranova Company is preparing information to complete its master budget for the quarter ending December 31, 2020.  The company intends to make unit sales in the related months as follows:   September​  5,000 October ​  9,750 November​ 11,700 December​ 14,625   Units are to be sold for $10 each.  Sales are 60% for cash and 40% on credit.  Credit sales are collected in the month following the sale.   *Required:   1) Prepare a sales budget for Terranova for the quarter ending December 31, 2020.  Show activity by month and in total.  (Hint:  a quarter = 3 months.) 2) Complete a schedule of expected cash collections for the quarter ending December 31, 2020.  Show activity by month and in total.

Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Quantity 40,000 48,000 Budgeted Unit Sales Price $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.

Find the following: •Sales revenue •Cost of Good Sold •Insurance Expense •Income before Tax •Income after Tax

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Sales SHERIDAN COMPANY Budgeted Income Statement For the Year Ending December 31, 2025 Cost of Goods Sold Gross Profit Selling and Administrative Expenses Net Income/(Loss) > A

Subject: accounting

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Sales Revenue Cost of Goods Sold Income from Operations Selling and Administrative Expenses Budgeted Income Statement For the Year Ending December 31, 2022 Income from Operations Interest Expense Income before Income Taxes Interest Expense Not Income (Loss) $ 326,400 (166,380) i 160,020 88,500 i 71,520 (4,130 67,390 (13,478 53912

EX.22-07 Professional Fees Earned Budget for a Service Company Rollins and Cohen, CPAS, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 2017: Audit Department: Staff Partners Tax Department: Staff Partners Small Business Accounting Department: Staff Partners Billable Hours 44,200 6,600 32,300 4,000 5,700 800

Dear Bartleby, can you please help with "calculations for cost of goods sold/operating expenses occured in the following problem, for March, April, May and June, thank you. Following are the budgeted income statements for the second quarter of 2019 for SeaTech Inc.:    April   May   June Sales $ 112,000     $ 136,000     $ 152,000   Cost of goods sold*   76,800       91,200       100,800   Gross profit $ 35,200     $ 44,800     $ 51,200   Operating expenses†   17,600       20,000       21,600   Operating income $ 17,600     $ 24,800     $ 29,600     *Includes all product costs (i.e., direct materials, direct labor, and manufacturing overhead).†Includes all period costs (i.e., selling, general, and administrative expenses).The company expects about 40% of sales to be cash transactions. Of sales on account, 65% are expected to be collected in the first month after the sale is made, and 35% are expected to be collected in the second month after sale. Depreciation,…

Question ANSWER B ONLY AND CALCULATE TOTAL The management accountant at Miller Merchandising & More, Odail Russell is in the process of preparing the cash budget for the business for the fourth quarter of 2021. It is customary for the business to borrow money during this quarter. Extracts from the sales and purchases budgets are as follows:Month                 Cash Sales              Sales on Account     PurchasesAugust                 $85,000                   $640,000                 $420,000September             70,000                     550,000                   550,000October                 88,550                     600,000                   500,000 November             77,160                     800,000                   600,000December             174,870                   500,000                   450,000   i) An analysis of the records shows that trade receivables are settled according to the following credit pattern, in accordance with the credit terms 4/30, n90:50%…

Regina Soap Co.. Budgeted Income Statement For the Year Ending December 31, 2021 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Cost of goods sold Gross profit Operating expenses: Selling expenses: Sales salaries and commissions Advertising Miscellaneous selling expenses Total selling expenses Administrative expenses: Office and officers salaries Supplies Miscellaneous administrative expense Total administrative expenses Total operating expenses Income before income tax Income tax expense Net income Question 2 Regina Soap Co. Budgeted Balance Sheet December 31, 2021 ASSETS Current assets: Cash Accounts receivable Inventories: Finished goods Work in process Materials Prepaid expenses Total current assets Property, plant, and equipment: Plant and equipment Less accumulated depreciation Total assets LIABILITIES Current liabilities: Accounts payable STOCKHOLDERS' EQUITY Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders'…

Question 3                                                                                                     Relevant data from Picta Company’s operating budgets are presented below. The company’s financial year ends on 30 June.                  Quarter 1 Quarter 2 Sales $248,470 $251,539 Direct material purchases 120,295 128,832 Direct labor 76,553 74,289 Manufacturing overhead 26,000 24,400 Selling and administration expenses 33,500 33,500 Depreciation included in selling and administration expenses   2,000   2,500       Collection from customers 230,524 220,116 Cash payments for purchases 114,345 118,346   Additional data: Equipment was sold in July for $8,000 and $4,500 in November. Dividends of $5,500 were paid in August. The beginning cash balance was $80,395 and a required minimum cash balance per quarter is $60,000.   The company has a 15% open line of credit for $70 000 with their bank.…

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Question number 4,5,6