User Account

All Pages

Total required production in units of finished product

Assignment Help Accounting Basics
Reference no: EM13153440

San Fernando Fertilizer company plans to sell 40,000 units of finished product in July and anticipates a growth rate in sales of 5% per month. The desired monthly ending inventory in units of finished product is 80% of the next month's estimated sales. There are 32,000 finished units in inventory on June 30. Each units of finished product requires four pounds of raw material at a cost of $1.40 per pound. There are 140,000 pounds of raw material in inventory on June 30.

Compute the company's total required production in units of finished product for the entire three month period ending September 30.

Reference no: EM13153440

Questions Cloud

Explain how about registering only receiver in firearm : Range from 5 to 30 rounds. Rounds.) Insert a 10 round.. Does this make it a different firearm?? You add the single shot rifle round adapter to it?? Different gun, based just on the magazine capacity (now 1)??
Computation of the sulfuric acid molarity : calculations of the sulfuric acid molarity if your average result from the titration of three 0.350 g samples is 15.72 mL. Please explain your answer in detail (words and calculations).
Five types of analytical procedures : Compare and contrast the five types of analytical procedures. Determine for which situations each is best suited. Defend your answer.
How much is natalie income per day : She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?
Total required production in units of finished product : Each units of finished product requires four pounds of raw material at a cost of $1.40 per pound. There are 140,000 pounds of raw material in inventory on June 30. Compute the company's total required production in units of finished product for t..
Calculate kp : a toxicologist studying mustard gas, S(CH2CH2Cl)2, prepares a mixture of 0.675 M SCl2 and 0.973 M C2H4 and allows it to react at room temperature (20.0 c) at equilibrium S(CH2CH2Cl)2 = .350 M. calculate Kp
Measure discrepancy between data and null hypothesis : Measures the discrepancy b/w the data and the null hypothesis. We can make large values of T are evidence against H0 in most cases. Explain why?
What is the genetic basis for each of these traits : In Drosophilia, two red-eyed, long winged flies are mated and produce the following offspring.
Calculate the equilibrium concentration of cl2(g) : 1.00 mole of pure NOCl and .907 mole of pure Cl2 are placed in a 1.00-L container. Calculate the equilibrium concentration of Cl2(g).

Reviews

Write a Review

Accounting Basics Questions & Answers

  What price should the investor offer

During the past several years the annual net income of Avery Company has averaged $540,000. At the present time the company is being offered for sale. Its accounting records show the book value of net assets (total assets minus all liabilities) to..

  Recognition of gross profit from the sale

The first installment payment of $18,360 was received on Dec. 31. How much gross profit from this sale should Pacer recognize on the December 31 income statement?

  Early extinguishment of debt

A company accomplished an early extinguishment of debt, and the auditors believe that literal application of SFAS No. 98 would cause recognition of a loss that would materially distort the financial statements and cause them to be misleading.

  Sales and collection patterns

Compare the sales and collection patterns before and after the arrival of the new sales manager. Have things improved or deteriorated? Explain. On the basis of the information presented, determine what likely caused the improvement or deterioratio..

  Contemplating an advertising campaign

Disney's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $22,000. If sales are expected to increase $40,000, by how much will the company's net income increase?

  Calculate the purchases budget, in dollars

Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.

  Stockholders equity at the end of the year

Jimmy's Repair Shop started the year with total assets of $100,000 and total liabilities of $80,000. During the year the business recorded $210,000 in revenues, $110,000 in expenses, and dividends of $20,000. Stockholders' equity at the end of the..

  Determine the eliminating entries

Determine the eliminating entries necessary for the 20X9 consolidated financial statements. Provide correct eliminating entries necessary for the 20X9 consolidated financial statements.

  Inventories of raw materials and finished goods

Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

  Which of the following is not a section 212 deduction

Section 212 addresses expenses for the production or collection of income and tax return preparation fees. Which of the following is not a Section 212 deduction?

  Amortization table and adjusting journal entry

Watson Bottle Company: Bond amortization table and the adjusting journal entry. On June 1, 2008, Watson Bottle Company sold $400,000 in long-term bonds for $351,040. The bonds will mature in 10 years and have a stated interest rate of 8% and a yie..

  Best rights for the purse

An employee of the restaurant, Jack, finds the purse and notifies the owner of the restaurant. Going in order from superior to inferior rights, who has the best rights for the purse?

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