Prepare a sales budget with columns

Assignment Help Accounting Basics
Reference no: EM13144320

Fling Company has budgeted the following unit sales for 4 months in 2006:

April 21,000

May 24,000

June 31,000

July 30,000

Of the units budgeted, 40% are sold in the Western Region at an average price of $75 per unit, and the remainder are sold by the Eastern Region at an average price of $80 per unit.

Instructions

Prepare a sales budget with columns for each region and for the company in total for the month of June.

Reference no: EM13144320

Questions Cloud

What was the firms budgeted payables balance : If purchases for April, May, and June were $200,000, $160,000, and $250,000, respectively, what was the firm's budgeted payables balance on June 30?
Prepare the journal entries necessary to restore : The company collects $5,000 subsequently on a specific account that had previously been determined to be uncollectible in the question above. Prepare the journal entry(ies) necessary to restore the account and record the cash collection
Change anything in your own : How might this same theory of motivation help you to understand your own school and work related behavior?  Will you change anything in your own life as a result of what you have studied in this scenario?
What are the tax law requirements for structuring : What are the tax law requirements for structuring the business as a partnership or an S corporation? Which would you recommend and why?
Prepare a sales budget with columns : Prepare a sales budget with columns for each region and for the company in total for the month of June.
Analyzing of bad debts and determination : Over the past several years, Jacobian has seen that year-end allowance account has a debit balance before adjustment. The company wants an in-depth analyzes of bad debts and a determination as to which method to use. You have been hired to perform..
Would you recommend this business be formed as a partnership : Bob and Dave plan to start a business. Bob will contribute land and Dave will contribute services. Would you recommend this business be formed as a partnership or as an S corporation? Why?
What is the mean value of market capitalization : what is the mean value of market capitalization? Assume that market capitalization has a normal distribution.
Compare and contrast what leverage means : The term "leverage" is used in both finance and accounting. Compare and contrast what leverage means in managerial accounting (operating leverage) vs. what it means in the finance world (financial leverage). How are the concepts different? How are..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Proper disclosures in the stockholders equity section

Show the proper disclosures in the stockholders' equity section of the balance sheet issued at the end of the first quarter, March 31, 2013. Assume net income of $100000 during the first quarter.

  Cost of the setup mechanics

If the company allocates the cost of the setup mechanics based on the number of setups, the setup costs to be allocated to an order of 300,000 Nurturing Face Cream jar covers for Aristedes Cosmetics Company would be:

  Financial statements and development of audit plan

Auditors obtain knowledge about a new client's business and its industry to understand the events and transactions that may have an effect on the client's financial statements and the development of the audit plan? True/False? Why

  Tax effect of rental use

Kristen's AGI is $120,000 before considering effect of rental activity. What is Kristen's AGI after considering the tax effect of rental use of her home?

  Determine amount of cash received-prepare journal entries

Determine the amount of cash received and prepare the journal entries for (a) the Jan. 1 issuance and (b) the Dec. 31 recognition of interest.

  Overhead rate for machining costs

If computed based on direct labor hours, the overhead rate for machining costs would be $20 per direct labor hour.

  Ground beef variances

a. What were Big Bob's ground beef price and quantity variance for the most recent week? b. What factor(s) could explain Big Bob's ground beef variances?

  Prtoblem related to single taxpayer

Anil, a single taxpayer, acquired 100 shares of Section 1244 stock in 2003 for $200,000. In 2010, Anil sold all of the shares to William for $50,000. How should Anil treat the loss?

  Property taxes for consolidated school district

Ford county lieves for its general fund $2,000,000 in property taxes. In addition, the county is responsible for collecting $4,000,000 in property taxes for the consolidated school district and $1,000,000 in property taxes for a town within the co..

  Company net contribution margin

Last year, Twins Company reported $750,000 in sales (25,000 units) and a net operating income of $25,000. At the break-even point, the company's total contribution margin equals $500,000. Based on this information, the company's:

  Compare target costing and cost-plus pricing

Compare target costing and cost-plus pricing. When is each the most appropriate method to use? Provide an example of each.

  Operation of an effective corporate whistleblower hotline

Use the Internet to conduct research related to whistleblower processes. Discuss the key characteristics for the operation of an effective corporate whistleblower hotline. Be sure to highlight potential pitfalls that should be avoided.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd