Bowser Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Estimated inventory (units), June 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. 0001 Rumble Thunder. 272 313 Total Total revenue from sales 3,350 5,600 $110 Bowser Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble North Region South Region Total Model: Thunder North Region South Region 87 76 00 00 3,750 6,350 $205 100001000

Q: In 2021, Bartley Corporation's federal income tax due was $147,000. Compute the required installment…

A: Tax is a charge levied by the governement on the profits or earnings of an individual or an…

Q: On January 2, 2025, Cullumber Company purchased 20% of the outstanding common stock of Blossom, Inc.…

A: Net income increases the investment and dividend decreases the investment amount under the equity…

Q: Under a job-order costing system, the dollar amount transferred from Work in Process to Finished…

A: JOB ORDER COSTING  Industries which manufacture products or render services against specific orders…

Q: Boston Home Center (BHC) offers customers the use of a truck at $44 per trip to take purchased…

A: Activity-based costing is used to allocate overhead expenses on the basis of activity. Other than…

Q: data follow. Sales price per unit Variable costs per unit Sales mix percent Tags Small $ 42 $ 32 80%…

A: Break-even point is the point where there is no profit or loss or in other words is the point where…

Q: (LO 1) Additions to plant assets are: a. revenue expenditures. b. debited to the Maintenance and…

A: lant assets, also known as fixed assets, are long-term tangible assets that are used in the…

Q: Hamilton Company uses a periodic inventory system. At the end of the annual accounting period,…

A: Ending inventory is the amount of inventory in hand at the end of the period. It is reported in the…

Q: The controller of Coronado Company estimates sales and production for the first four months of 2022…

A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…

Q: On February 20th, a 5 month note for $2,900 was received by Lucky Company to settle an amount owing…

A: A you have asked multiple sub-parts we can solve only first three part for you please repost the…

Q: The stockholders’ equity section of the balance sheet for Velcro World is presented here. VELCRO…

A: Note : Stockholder's equity shows the value of the assets remaining for the stockholders after the…

Q: On July 2021, Publicus sold a machine to a customer for £500,000 (excluding value added tax), and…

A: To determine the revenue that Publicus should recognize from this sale in its income statement for…

Q: On December 31, Jarden prepares a schedule of its December 31 accounts receivable by age. Expected…

A: Account receivable means the amount due from customer whom we sold the goods on credit. Allowance…

Q: A business with a 10% 6 month loan of $25,000, taken out Oct. 1, makes a month end entry for…

A: Interest expense is shown under expense side of P&L. It won't have impact on Revenue. However…

Q: Playpals Park competes with Slide World by providing a variety of rides. Playpals Park sells tickets…

A: Breakeven is the point at which an entity is in a situation of no profit no loss. At the point, the…

Q: The balance sheets of Tully Corp. showed the following at December 31, 2020, and 2019: December 31,…

A: The accumulated depreciation is the amount of depreciation charged on fixed assets till date. The…

Q: Find an article that relates to a contemporary issue on ethics. Write a paper of at least three…

A: In recent years, the issue of data privacy and surveillance has become increasingly prevalent in…

Q: Stone Company produces carrying cases for CDs. It has compiled the following information for the…

A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…

Q: Waterway Industries has two divisions; Sporting Goods and Sports Gear. The sales mix is 55% for…

A: Sales mix is the relative combination of quantities of sales of various products that make up  the…

Q: Oneida Company's operations began in August. August sales were $180,000 and purchases were $105,000.…

A: Cash budget is the firm's estimation of cash inflows and outflows over a period of time. it is used…

Q: Question 5: Which report compares what you expected to spend with what you did spend? Answer: A. B.…

A: Variance analysis is a financial analysis technique used to identify and explain the differences…

Q: Accounts receivable Accounts payable Cash Cost of goods sold Interest receivable Interest revenue…

A: Balance sheet refers to the financial statement which is being prepared by the companies at the end…

Q: Under what circumstances should the straight-line depreciation method be used?

A: INTRODUCTION: Fixed assets are long-term assets or permanent assets, which include buildings,…

Q: The CVP income statements of Shalom and Peace Company are available below. The two companies belong…

A: The degree of operating leverage is calculated as the contribution margin divided by the operating…

Q: Cari Pump (CP) Company manufactures water pumps. An important part of the pump is its electronic…

A: Note : Make or buy decision directly depends on the relevant cost and savings. The relevant costs…

Q: The note about debt included in the financial statements of Healdsburg Company for the year ended…

A: It is important for borrowers to understand the terms of their loan agreement, including the…

Q: On January 1, Year 2, Justo purchases 30,000 shares of the 100,000 outstanding shares of stock in…

A: Under equity method, investment is recorded at cost initially and then adjustments are made for the…

Q: Wildhorse Company's December 31, 2024 stockholders' equity section reported Accumulated Other…

A: The comprehensive income for Wildhorse for 2025 can be calculated as follows:

Q: Could you please explain the process by which you got these answers? I am trying to learn how to do…

A: The difference between actual results and flexible budget is stated as revenue and spending…

Q: On July 15, 2021, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for…

A: INTRODUCTION: A patent is a license or legal instrument that grants the exclusive/sole right to…

Q: XYZ corporation (E & P $1,000,000) distributes machinery, adjusted basis $80,000 Fair Market Value…

A: Here discuss about the details of dividend which are incurred in the total transaction and its…

Q: Mountain High Ice Cream Company transferred $64,000 of accounts receivable to the Prudential Bank.…

A: Journal is the book of original entry in which all the financial transactions of the business are…

Q: Each of the following independent situations represents amounts shown on the four basic financial…

A: INTRODUCTION: Every firm must deal with a variety of business operations on a daily basis. These…

Q: [The following information applies to the questions displayed below.) The following post-closing…

A: In accounting, journal entries are a record of financial transactions that a business has made. Each…

Q: The following information pertains to Beige, Inc., for the current year: Sales Internal failure…

A: Note : The following are comprised in a Quality cost:   •Appraisal cost are incurred to detect the…

Q: Preciou

A:

Q: What is meant by financial forecasting? What is the purpose of financial forecasting?

A: Financial forecasting is the process of using historical data and current market trends to estimate…

Q: Problem 6-20 (Static) Variable and Absorption Costing Unit Product Costs and Income Statements;…

A: Lets understand the basics. There are two costing systems are generally followed by the entities…

Q: PT Barnum Company uses the periodic inventory system and has the following data from its December…

A: Gross profit method : Under this method a percentage of gross profit is taken to calculate the cost…

Q: Problem 20-76 (LO 20-6) (Algo) [The following information applies to the questions displayed below.]…

A: As per IRC, section 461(l), deals with the excess business loss deduction or limitation. There is a…

Q: Briefly describe each of the following documents or records: purchase requisition, purchase order,…

A: A purchase transaction is a business activity where goods or services are acquired from a seller in…

Q: Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold,…

A: The estimation of expenses and revenues for a specific period of time is called budget.

Q: The following cost data relate to the manufacturing activities of Chang Company during the just…

A: Cost of Goods Manufactured :— Cost of Goods manufactured include total cost which is incurred during…

Q: When inventory is shipped from the seller to the buyer with shipping terms of FOB destination: A.…

A: FOB- Free on board In FOB destination risk remains with the seller , until goods are delivered to…

Q: The following information from the first-year absorption-based accounting records of Shalom Company…

A: Manufacturing cost :— It is the total cost incurred in the manufacturing of product during the…

Q: lilo Corporation issued $5 million of 20-year, 9.5 percent bonds on July 1, 2021, at 98. Interest is…

A: Bond discount is the difference between the selling price of the bond and the face value of the…

Q: On January 1, 2024, Rick's Pawn Shop leased a truck from Corey Motors for a six-year period with an…

A: A lease is an agreement taking place between the lessor and lessee where the lessor provides the…

Q: Harry and Ron are brothers who inherite

A: Harry and Ron inherited the house from their mom's estate at  a value of $ 230,000.…

Q: Direct labor hours are estimated as 1,800 in Quarter 1; 1,900 in Quarter 2; 1,700 in Quarter 3; and…

A: Variable Cost :— It is the cost that changes with change in activity of cost driver. Variable cost…

Q: Chattanooga Development Company has learned that a small rubber O-ring it now manufactures at a cost…

A: a) To evaluate whether Chattanooga Development Company should buy or continue to make the rubber…

Q: Please Solution with explanation And Do not give solution in image format

A: Deferred tax assets and liabilities are accounting words that refer to the disparities between how…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.