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

What are the Advantages or uses of break even charts Computation of break even point or presentation of cost volume and profit relationship by way of break even charts has the

Direct materials,4yard at$3.50per yard...$14.00 Direct labor,1.5direct labor hours at $12.00 per direct labor hour....$18 Variableoverhead,1.5 direct labour hours at $2.00 per dire

What are the features of performance budgeting The main features of performance budgeting are:  a)  Classification into functions activities or programmers.  b)  Specifyi

What is the correct formula for Post Cost?


M/s Sunrise Industries estimates its net cash requirement at Rs. 20 million for the subsequent year. Opportunity cost fund is 15 percent per annum of the Companies. The company wil

Stock-out costs These are the opportunity costs of running out of stock. They comprise: 1) The costs of lost customer sales, and therefore lost contribution to fixed costs.

Determine the Scope and areas of cost reduction Scope and areas of cost reduction the scope of cost reduction is so wide that it is not practicable to develop fully the areas i

reasons for favourable or adverse variances i.e. prise usage, mix, yeild