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Brimson has forecast sales for the next three months as follows: July 4,000 units, August 6,000 units, September 7,500 units. Brimson's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,500 units. Monthly manufacturing overhead is budgeted to be $17,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? 2) Esko has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts in April? 3)Jasmine Company produces hand tools. A sales budget for the next four months is as follows: March 10,000 units, April 13,000, May 16,000 and June 21,000. Jasmine Company's ending finished goods inventory policy is 10% of the following month's sales. March 1 inventory is projected to be 1,400 units. How many units will be produced in April?
Alico Corporation bonds have a face interest rate of 8%, a face value of $100,000 and will mature in 20 years. Interest is paid semi-annually. If you require an annual yield of 7.4%, what price would you be willing to pay for the bond?
burgh industries sold 190000 of kitchen appliances during september under a one-year warranty. the cost to repair
Ann sell sports kit10% of sales are cash transaction and the remainder is on an month's credit. How much was paid to suppliers in the month of February2002.
the following selected account balances were taken from abc companys general ledger at january 1 2011and december 31
newton company issued 1028000 6 10-year bonds on december 31 2013 for 976600. interest is payable semiannually on june
Explain the areas in which the Adelphia communications engaged in fraudulent financial reporting and the circumstances that led to this
What is "Activity Based Costing" and how does it work? What does it do for a firm employing such a system? How do you go about developing such a system in a firm? What are the steps? What would an example look like?
on january 1 2013 bishop company issued 10 bonds dated january 1 2013 with a face amount of 520 million. the bonds
complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.
during january 19000 units were completed and transferred. at january 31st 6500 units remained in work in process that
kepler corporation had 300000 shares of common stock outstanding during the year. kepler declared and paid cash
Detailed audit procedure:Select a sample of sale from the sale journal
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