Blue Wave Co. predicts the following unit sales for the coming four months: September, 4,000 units; October, 5,000 units; November, 7,000 units; and December, 7,600 units. The company’s policy is to maintain finished goods inventory equal to 60% of the next month’s sales. At the end of August, the company had 2,400 finished units on hand. Prepare a production budget for each of the months of September, October, and November.

Q: The following sales are predicted for a company’s next four months. Each month’s ending inventory of…

A: Budgeted production of units = Sales + Ending inventory - Beginning inventory

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Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

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A: Cash budget refers to the type of budget which estimates all the desired cash coming and exiting out…

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A: 1. As we know closing inventory of one month becomes the opening inventory of next month, therefore…

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A: Preparation of cash budget for the month of December are as follows.

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: Budgeting is the estimation done by the organization for the current year on the basis of past…

Q: Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 20%…

A: Desired ending inventory = December sales x 20% = 370000 x 20% = 74000 units

Q: Soprano Co. is in the process of preparing the second quarter budget for 2019, and the following…

A: Cash budget: It is a budget of estimated cash receipts and payments for a period. The cash receipts…

Q: Harden, Inc., has budgeted sales in units for the next frve months as follows: June 8,900 units July…

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Q: Roberts Enterprises has budgeted sales in units for the next five months as follows:…

A: Sales budget gives an estimation about goods and services that company which it agrees to sell in…

Q: Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,200 units;…

A: Here in this question, we are required to prepare production budget. Budget is an estimation made…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: Cash budget in the business shows all expected cash receipts and expected cash payments that are to…

Q: Alpha CD Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the…

A: Formula: Production units = Total sales units + Ending inventory - Beginning inventory

Q: ABC Company has a policy of maintaining an inventory of finished goods equal to 25% of the following…

A: Units available for sale = Units sold during period + ending inventory

Q: Uno makes all sales on account, subject to the following collection pattern: 30% are collected in…

A: Budgets are forecast made to estimate the various incomes and expenses. Budgets also set a benchmark…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: Hi studentSince there are multiple subparts, we will answer only first three subparts. If you want…

Q: Champ, Inc., predicts the following sales in units for the coming two months. Each month's ending…

A:

Q: Zelia, Inc. has prepared the operating budget for the first quarter of the year. The company…

A: Option (a) is the correct answer

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Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: The question is based on the concept of Budget costing.

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A: The budget is prepared to estimate the requirement for the future period.

Q: A company has a policy of maintaining an inventory of finished goods equal to 30 percent of the…

A: Raw material means the material purchased and still not enter in to the production lines. Work in…

Q: The controller of Mercury Shoes Inc. instructs you to prepare a monthly cash budget for the next…

A: Cash budget is a budget that is prepared to estimate the cash inflows and cash outflows for a…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: working notes: 1. Cash will be: this amount has been taken from the  cash budget i.e. from Cash =…

Q: Yogi Company expects to sell 1,700 units of finished product in January and 1,850 units in February.…

A: Desired ending inventory for january = February sales units × 40% = 1850×40% = 740 units

Q: Yordi Company expects to sell 1,750 units of finished product in January and 1,850 units in…

A: Production budget is generally prepared to know the number of units to be produced in particular…

Q: The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed…

A: The high low method is used to find the variable and fixed cost of the production from the mixed…

Q: Harden, Incorporated, has budgeted sales in units for the next five months as follows:   June…

A: Production budget in the business shows that how much units needs to be produced in order to fulfill…

Q: Champ, Inc., predicts the following sales in units for the coming two months. Each month’s ending…

A: Budgeted production: It is estimation of production units for the particular period.

Q: Roberts Enterprises has budgeted sales in units for the next five months as follows:   June 4,560…

A: The production budget is prepared by the management to find out the units to be produced. It can be…

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A: The budget is prepared to record the requirements for the future period.

Q: Oliver's Bistro provided the following information for the month of October: a)Sales are budgeted to…

A: The question is related to Cash budget and is of budgetory control. The details are given. Required…

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A: Cash sales = (No. of units sold x sales price per unit) x 30% January Cash sales = (5000 units x…

Q: General Manufacturing expects to have 40,000 pounds of raw materials inventory on hand on June 30,…

A: Budget:-Budget is the future estimated plan on which the company's management works. Businesses…

Q: Zahn Co. predicts sales of 246 units in May and 500 units in June. Each month’s ending inventory…

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Q: Roberts Enterprises has budgeted sales in units for the next five months as follows: 4,540 units…

A: Units Produced=Sales+Ending Inventory-Beginning inventory

Q: The sales budget of a company for November and December is 46,000 units and 48,000 units,…

A: solution: Budgeted quantity of purchases of raw materials in November  = Budgeted requirement of…

Q: One Device makes universal remote controls and expects to sell 500 units in January, 800 in…

A:

Q: Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month…

A: Amount received in April from March sales = March sales x 75%

Q: Champ, Inc., predicts the following sales in units for the coming two months. Each month’s ending…

A: Sales budget: It can be defined as a quantitative financial plan that shows the total sales revenue…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: ABC Company has a policy of maintaining aninventory of finished goods equal to 25% of the following…

A: The gross profit is calculated as difference between sales and cost of goods sold.

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A: Collection terms are as follows: 30% of the sale is Cash Sale and 70% is Credit Sale Out of the…

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A: Production budget: It shows the quantities of units that a company must produce to meet the budgeted…

Q: Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data…

A: Income statement is prepared to show the net income of the organisation during the accounting…

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A: Since, Sales in Units = Opening inventory units + units to be produced  - Closing inventory units