Lexi Company forecasts unit sales of 1,040,000 in April, 1,220,000 in May, 980,000 in June, and 1,020,000 in July. Beginning inventory on April 1 is 280,000 units, and the company wants to have 30% of next month’s sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.

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

Q: Lexi Company budgets unit sales of 1,980,000 in April, 1,240,000 in May, 600,000 in June, and…

A: The merchandise purchase budget is prepared to estimate the production requirements for fututre.

Q: c. Prepare a production budget in units, by month and in total, for the second quarter of 2019. X…

A: Production budget of the business means how many units needs to be produced for covering market…

Q: Below is the sales budget in units of Silver Company. How many units is the beginning inventory for…

A: In this question it is mentioned that desired ending inventory will be 120% of the following months…

Q: ton Company produces a product that has the following sales expectations for 2007: Month Sales ($)…

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

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…

A: Production budget in the budget shows how much units needs to be produced in order to cope up with…

Q: The following information is available for Zetrov Company. a. The cash budget for March shows an…

A: Balance sheet is the statement of financial position being prepared by the business in order to show…

Q: Roberts Enterprises has budgeted sales in units for the next five months as follows: June 4,510…

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

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

A: Production needs = Units To Produced x pounds required per finished unit

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

A: The production budget is one of the vital budgets which calculates how much units is to be…

Q: Parker Corp., which operates on a calendar year, expects to sell 5140 units in January and expects…

A: Budgeted revenues for a month are computed from the unit sales and the sales price prevailing for…

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

A: The budget is prepared by the management based on experience. Based on the budget, It is helpful for…

Q: Below is the sales budget in units of Silver Company. How many units should it produce in February…

A: Formula: Ending inventory = Next month sales units x 120 %

Q: Down Under Products, Ltd., of Australlia has budgeted sales of its popular boomerang for the next…

A: Production budget in the business shows how many units needs to be produced in a particular period…

Q: Freese Inc. is in the process of preparing the fourth quarter budget for 2019, and the following…

A: Budgeting is a process of creating a financial plan for a coming year.

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

Q: Below is the sales budget in units of Silver Company. How many units should it produce in February…

A: Formula: Ending inventory = Next month sales units x 120 %

Q: Grenoble Enterprises had sales of $50,000 in March and $60,000 in April. Forecast sales for May,…

A: It is a tool which indicates the amount of available cash is appropriate or not for the operational…

Q: Ivory Inc. has forecast purchases on account to be $317,000 in March, $377,000 in April, $427,000 in…

A: Budgeted cash payment for June = Cash payment for purchases in June  + Cash payment for purchases in…

Q: Bridgeport Inc. has budgeted sales for the second quarter of $340,000 for April; $505,000 for May;…

A: Cash budget is used in forecasting to determine supplier payment, receipts from customers which in…

Q: ow Industries' projected sales budget for the next four months is as follows: Units January 70,700…

A: The question is based on the concept of Cost Accounting.

Q: Big City Manufacturing (BCM) is preparing its cash budget and expects to have sales of $450,000 in…

A: cash receipt in March from January sales = January sales x 35% cash receipt in March from February…

Q: Wisdom Toys has budgeted sales and production over the next quarter as follows:…

A: Inventory of video games at October 31 = (November Sales x desired to end inventory percentage)

Q: Elyu Company has budgeted sales of 90,000 units in January 120,000 units in February; and 180,000…

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

Q: Alpha CD Company has a sales budget for next month of P150,000. Cost of goods sold is expected to be…

A: For the calculation of ending accounts payable, It is required to know the balance of the total…

Q: Zahn Co. predicts sales of 220 units in May and 240 units in June. Each month’s ending inventory…

A: Production budget: Production budget is the estimation or projection of number of units the company…

Q: The budget committee of Clipboard Office Supply has assembled the following data. Sales in April are…

A: Sales budget; The sales budget is prepared to estimate or project the sales in dollars and units for…

Q: Orange Company has sales of $50,000 in March and $60,000 in April. Forecast sales for May, June, and…

A: The cash budget is prepared by estimating the cash inflows and cash outflows for the period and…

Q: Elmo has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and…

A: Given: February : $125,000 March     : $135,000 April       :  $150,000 May       : $140,000…

Q: Hayma Company's sales budget for 2022 in units for the next five months is as follows: January…

A: Sales budget:-  January  = 20000 units  February = 26000 units    Beginning Inventory = 2800 units…

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: Below is the sales budget in units of Silver Company. How many units should it produce in February…

A: SOLUTION- CALCULATION OF DESIRED ENDING INVENTORY FOR FEBRUARY AS SHOWN BELOW- DESIRED ENDING…

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: Majan company has budgeted sales in units for the next five months as follows: June 5,400 units July…

A: Ending inventory=Next month sale×10%=8,200×10%=820 units

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…

Q: ABC Store. has budgeted sales for June and July at $690,000 and $720,000, respectively. Sales are…

A: July Cash sale = $690,000 x 10% = $69,000 July Credit sale = $690,000 x 90% = $621,000

Q: Pacific Highway Enterprises prepared the following sales budget for the first six months of 2018:…

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

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

A: Given that, sales in the months,              May : 246 units            June : 500 units Ending…

Q: Redfield Company has prepared the following forecasts of monthly sales: S in units January, 4,500;…

A: solution The required ending inventory is 75% of next months sales The sales for January      =4500…

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

A:

Q: Hayma Company's sales budget for 2022 in units for the next five months is as follows: January…

A:

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: Lexi Company budgets unit sales of 1,510,000 in April, 1,210,000 in May, 320,000 in June, and…

A: A budget that is prepared and used to estimate the required quantity of raw materials is called the…

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

A: Total required production for the year = Budgeted sales + Desired ending inventory - Beginning…

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

A: Variable Power cost for January = Sales x 30% = $40000 x 30% = $12000 Variable Miscellaneous cost…