Wallace Company provides the following data for next year: Budgeted Sales $126,000 Month January February 111,000 March 134,000 April 147,000 The gross profit rate is 30% of sales. Inventory at the end of December is $30,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for February? O A. $36,180 B. $79,310 OC. $77,700 O D. $97,580

Q: A sales budget is given below for one of the products manufactured by the Key Co.: January 21,000…

A: Ending inventory for the month of January = Sales budget for February x 20%             = 36,000 x…

Q: The Alpha CD Company's budgeted income statement reflects the following amounts: January February…

A: Payment made in February for purchases = Purchases in January x (1 - discount rate) = P78,000 x (1 -…

Q: month following sal

A: Given as,   Sales April $120,000 May $100,000 June $110,000

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A: Lets understand the basics. Budget is prepared by the management to estimate the profit and loss of…

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A: Opening inventory  for July  = July  sales × 25% =31000×25% = 7750

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A: Budgeted sales revenue is the amount of sales that the company is expected to be made during the…

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A: Cash collection in March from January sales = January sales  x 11% = $150,000 x 11% = $16500

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A: COGS = 30%*Sales

Q: A company has budgeted sales for January and February of 20,000 and 25,000 units, respectively. The…

A: Given the following information: Budgeted sales for January: 20,000 units Budgeted sales for…

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A: Collections during November will include: 50% of sales of October 50% of sales of November

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A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The…

A: Cost of goods sold(COGS) =opening stock +purchases - closing stock

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A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: The BRS Corporation makes collections on sales according to the following schedule: 30% in month of…

A: Budgeting is a process of estimating future outcomes well in advance and functioning according to…

Q: A company has the following budgeted sales data:   January February March April Credit Sales…

A: A cash budget specifies the expected revenue and expenditure in the future. This budget is used to…

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A: The question is based on the concept of Financial management.

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A: Given: The pattern of collection of Sales:   Collection Remarks   October November December…

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A: Cash budget is the estimated cash receipts and payments and also shows opening and closing cash…

Q: Budgeted monthly sales revenue is as follows: MUR January 56,000 February 45,000 March 85,000 April…

A: The question is related to Cash Budget. The Cash Budget is a Statement of Cash Receipts and Cash…

Q: Budgeted sales for the first six months are listed below: JANUARY FEBRUARY MARCH APRIL MAY 8,000…

A: Closing inventory of May = Opening Inventory of June = 40% of June sales = 40% x 4,000 = 1,600

Q: You are given the following information related to ABC manufacturing company Month Budgeted Sales…

A: Purchase budget is the estimation of units to be purchased by a company to meet its production…

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A: Units produced = Unit sales + Desired Ending inventory - Beginning inventory

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A: Given: Required Ending Inventory = $15,000 + 20% of next​ month's sales

Q: Osprey Cycles, Inc. projected sales of 57,822 bicycles for the year. The estimated January 1…

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

Q: The Willsey Merchandise Company has budgeted $45,000 in sales for the month of December. The…

A: The purchase Budget is prepared to estimate the requirements for the purchase during the period.…

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A: The formula for ending inventory of March  Given in the question  Required ending inventory = $15000…

Q: Kuzma Foods, Inc. has budgeted sales for June and July at $690,000.00 and $740,000.00, respectively.…

A: Budget - Budgets are the estimated made by the organization to provision some cash balance and…

Q: 1. KZ Trading Co. budgeted merchandise purchases of 40,000 units next month. The expected beginning…

A: Hi student Since there are multiple questions, we will answer only first question

Q: Q6- Benjamin Company has the following data: Budgeted Sales $108,000 132,000 144,000 120,000 Month…

A: SOLUTION   COST OF GOOD SOLD = SALES - GROSS PROFIT.

Q: The BRS Corporation makes collections on sales according to the following schedule: 45% in month of…

A: To calculate cash collections for the month of June, we need to prepare collection budget for each…

Q: Folgerty Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000…

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

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A: Cost of goods sold for June month = Sales for June x 50% = $256000 x 50% = $128000

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A: Budget is the quantitative form of future course of action. Budgets are the forecasts or estimates…

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A: Budgeted cash collection statement includes the amount of cash expected to be collected from sales…

Q: budgeted production

A: Correct Answer :- D 59,120

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A: Budgeted production (in units) = Projected sales + Beginning inventory - Ending inventory

Q: Spana Company has the following data:   Table 4: Total Monthly Purchasing Budget  Month  Budgeted…

A: The Schedule of cash disbursement is the schedule that represents how much payment will be made in…

Q: Month Budgeted Sales January $ 76,000 February 85,000 March 92,000 April 79,000 Budgeted Selling and…

A: The production budgets are prepared to estimate the number of units to be purchased during the…

Q: The Pizza Merchandise Company has budgeted $52,000 in sales for the month of December. The company's…

A: Cost of goods sold = Opening stock + Purchases - Closing stock  We know that change in inventory…

Q: Compton Company expects the following total sales:   Month Sales   March $30,000   April $20,000…

A: Given that: Credit Sales = 60% of Sales 30% of credit sales will be received in same month and 70%…

Q: Conchita Company has the following information: Month           Budgeted Sales March              P…

A: The Calculation of Gross Profit and Cost of sales is as follows. You may kindly note that all…

Q: Perry Company has provided the following information:                           Month…

A: The budgets are prepared to estimate the production requirements for the future period.