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erastova [34]
1 year ago
6

Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending

finished goods inventory for the third quarter of 2022 at 24,000 units. The following unit sales are budgeted for fourth quarter 2022 and first three quarters of 2023: - fourth quarter 2022: 120,000 units - first quarter 2023: 125,000 units - second quarter 2023: 122,500 units - third quarter 2023: 128,000 units Company policy calls for the ending finished goods inventory of a quarter to equal
20%
of the next quarter's budgeted unit sales. Prepare a production budget for the period covering fourth quarter 2022 and first and second quarters of 2023 that shows the budgeted number of batteries the firm would need to manufacture. Use proper formatting, making sure to include the firm's name, the name of the budget, and the budget period. You must show all of your work.
Business
1 answer:
Doss [256]1 year ago
4 0

Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.

Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.

The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.

The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.

For the given question, the production budget is prepared and attached in the form of an image.

Learn more about Production Budget here: brainly.com/question/13061264

#SPJ4

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Answer:

Explanation:

1 Dr Raw Materials Inventory 40,000  

           Cr Accounts Payable  40,000

2     Dr Factory Labor 65,000  

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3 Dr Manufacturing Overhead 35,000  

       Dr Accounts Payable  5,000

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4 Dr Work in Process—Fabricating 10,000  

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5 Dr Work in Process—Fabricating 13,000  

       Dr Work in Process—Finishing 52,000  

           Cr Factory Labor  65,000

6 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 20,000  

           Cr Manufacturing Overhead  30,000

5 0
3 years ago
Marion Klatt, CFA, is a representative for Thiel Financial Network. Klatt received a phone call at home from William Kind, a jun
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Answer:

(A) Klatt should not acquire the shares until he has contacted Westtown's management and encouraged them to publicly announce the merger discussion. Kind might do fraud because he want Klatt to but 10000 for Kind's personal account.

3 0
3 years ago
4. Firm E must choose between two alternative transactions. Transaction 1 requires a cash outlay of $9,000; this expense would b
Pie

Answer:

a. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

= 13,500 * ( 1 - 20%)

= $10,800

b. Transaction 1

It is not deductible so the Taxable income is $9,000

Transaction 2

It is deductible, taxable income would be;

= 13,500 * ( 1 - Tax)

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8 0
3 years ago
For 2012, Everyday Electronics reported $22.5 million on sales and $18 million of operating costs (including depreciation). The
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Answer:

$1,575,000

Explanation:

Net operating profit before taxes:

= Sales - operating costs

= $22,500,000 - $18,000,000

= $4,500,000

Net operating profit after taxes:

= Net operating profit before taxes - Taxes

= $4,500,000 - ($4,500,000 × 0.35)

= $4,500,000 - $1,575,000

= $2,925,000

Economic Value Added:

= Net Operating Profit After Taxes - (Operating Capital × Weighted Average Cost of Capital)

= $2,925,000 - (15,000,000 × 9%)

= $2,925,000 - $1,350,000

= $1,575,000

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mr_godi [17]

Answer:

C: ability to set your own hours of operation

Explanation:

With a chain restaurant you have to have the same hours as other restaurants in that chain.

7 0
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Read 2 more answers
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