User Account

All Pages

Teletub toys ltd manufactures and distributes a popular

Assignment Help Accounting Basics
Reference no: EM13605146

Teletub Toys Ltd manufactures and distributes a popular children's' character to toy retailers. This product requires three kilograms of material to manufacture one unit. The company is currently planning raw materials needs for the fourth quarter of the year (October, November and December). Peak sales typically occur in December.

Teletub Toys has the following inventory requirements:

• Finished goods inventory at the end of each month must be equal to 5,000 units plus 30% of next month's sales.

• Finished goods inventory on September 30 is budgeted to be 17,000 units.

• Raw materials inventory on hand at the end of each month must be equal to one-half of the following month's production needs for raw materials.

• The raw materials inventory on September 30 is budgeted to be 64,500 kgs.

• The company maintains no work in progress inventories.

The sales budget for Teletub Toys is shown below:

Month Budgeted Sales (units)
September 20,000
October 40,000
November 50,000
December 70,000
January 35,000
February 20,000
March 10,000

Required

1. Prepare a production budget for October, November and December.

2. Prepare a raw materials budget for October, November and December.

3. Explain why the company plans to produce more units than it sells in October and November and fewer units than it sells in December.

Reference no: EM13605146

Questions Cloud

Compute the torsional shear stress in a hallow shaft with : compute the torsional shear stress in a hallow shaft with an outside diameter of 40 mm and an inside diameter of 30 mm
Juanita is trying to decide whether or not to attend : juanita is trying to decide whether or not to attend college during the next 12-week session. she has the following
The ball at is kicked such that 60 if it strikes the : the ball at is kicked such that 60 . if it strikes the ground at having coordinates 25 -25 determine the speed at
Determine the null and alternative hypotheses b explain : determine the null and alternative hypotheses b explain what it would mean to make a type i error and c explain what it
Teletub toys ltd manufactures and distributes a popular : teletub toys ltd manufactures and distributes a popular childrens character to toy retailers. this product requires
Assume you purchase a ticket to a local football game for : assume you purchase a ticket to a local football game for next week at a cost of 50. before the day of the game you
Determine the point estimate of the population the margin : determine the point estimate of the population the margin of error for the following confidence interval and the number
For 2012 selene company initiated a sales promotion : for 2012 selene company initiated a sales promotion campaign that included the expenditure of an additional 25000 for
Rarons rockers is in the process of preparing a production : rarons rockers is in the process of preparing a production cost budget for august. actual costs in july for 120

Reviews

Write a Review

Accounting Basics Questions & Answers

  The accounts receivable balance is 300000 and credit sales

tanning company analyzes its receivables to estimate bad debt expense. the accounts receivable balance is 300000 and

  You have been asked to speak at a career fair for high

you have been asked to speak at a career fair for high school students in your home town. specifically you are making a

  Why does the federal government allow for accelerated

why does the federal government allow for accelerated depreciation of fixed assets even when the useful life and

  How does understanding the differences between fixed and

how does understanding the differences between fixed and variable cost behaviors help you manage a health care

  Explain how making more products that can be sold in a

explain how making more products that can be sold in a period can increase a companys operating income. should this

  Amount of taxable income

USCo, a domestic corporation, earns $50 million of taxable income from U.S. sources and $10 million of taxable income from foreign sources. What amount of taxable income does USCo report on its U.S. tax return?

  Prepare journal entries to record the liability for

compensated absences bettinghaus corporation began business on january 2 2013 with five employees. its sick leave and

  Pringle company distributes a single product the companys

pringle company distributes a single product. the companys sales and expenses for a recent month follow

  Selling and administrative expenses

Selling and administrative expenses include $39 million in restructuring costs.

  Variable overhead efficiency variance

The budgeted supplies cost is $6.20 per machine-hour. The actual supplies cost for the month was $234,614. The variable overhead efficiency variance for supplies cost is ?

  Elements of the generally accepted auditing standards

Describe the elements of the Generally Accepted Auditing Standards (GAAS). Describe how these standards apply to financial, operational, and compliance audits. Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting..

  In a double-slit arrangement the slits are separated by a

in a double-slit arrangement the slits are separated by a distance equal to 150 times the wavelength of the light

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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