need help, Managerial Accounting

Pantheon Company has prepared the following forecasts of monthly sales:


July
August
September
October
Sales (in units)
4,300
5,100
3,800
2,500

Pantheon has decided that the number of units in its inventory at the end of each month should equal 80% of the next month''s sales. The budgeted cost per unit is $15.

(1) How many units should be in July''s beginning inventory?
(2) What amount should be budgeted for the cost of merchandise purchases in July?
(3) How many units should be purchased in September?
Posted Date: 10/30/2012 2:52:57 PM | Location : United States







Related Discussions:- need help, Assignment Help, Ask Question on need help, Get Answer, Expert's Help, need help Discussions

Write discussion on need help
Your posts are moderated
Related Questions
Disadvantages of activity based costing 1) It is essentially not the panacea for all ills. 2) It absorbs a lot of resources. 3) Too much emphasis on customer viability c

Queuing problems There are two main approaches to queuing problems: •    simulation •    queuing theory formula Where simple situations apply, queuing theory should be used

Contribution margin Analysis Contribution Contribution is the  difference between sales and variable cost or marginal cost of sales . if may also be defined as the excess

Coolidge Company estimates that its production workers will work 125,000 direct labor hours during the upcoming period and that overhead costs will amount to $500,000. What predete

Pricing decision Price may be defined as the exchange of goods or services in terms of money. Without price firm can survive in the society. If money is not there exchange of g


Advantages of standard costing 1) Measuring efficiency: standard costing is a yardstick for measuring efficiency. The comparison of actual costs with standard costs enables t

The Pinewood Furniture Company Pty Ltd plans to design two lines of chairs in the coming year-lounge and patio. The company is considering introducing an activity-based costing sys

Costing Cost accounting can be described as the collection, interpretation of cost and assignment. In succeeding chapters, you will learn about alternative costing techniq

Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three serv