ACCT 434 Week 3 Cost Behavior Decision Making Quality For more course tutorials visit www. uophelp. com
inventory levels( in units) are planned for the fiscal year of July 1, |
20x2, through June 30, 20x3. |
|
July 1, 20x2 |
June 30, 20x3 |
Raw material( note) |
40,000 |
10,000 |
Work in process |
8,000 |
8,000 |
Finished goods |
30,000 |
5,000 |
( note) Three units of raw material are needed to produce each unit of |
finished product. |
If Hester Company plans to sell 600,000 units during the 20x2-20x3 |
fiscal year, the number of units it would have to manufacture during |
the year would be |
Question 10. Question:( TCO 2) Information pertaining to Brenton Corporation ' s sales revenue is presented in the following table.
February March April Cash Sales $ 160,000 $ 150,000 $ 120,000 Credit Sales 300,000 400,000 280,000
Total Sales $ 460,000 $ 550,000 $ 400,000 Management estimates that 5 % of credit sales are not collectible. Of the credit sales that are collectible, 60 % are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month are 70 % of the next month ' s projected total sales. 11 purchases of inventory are on account; 25 % are paid in the month of purchase, and the remainder is paid in the month following the purchase. Brenton ' s budgeted total cash payments in March for inventory purchases are =========================================
ACCT 434 Week 3 Cost Behavior Decision Making Quality For more course tutorials visit www. uophelp. com
1.