Answer:
Hie, on the choice of answers provided by your question there is no correct answer.
The correct answer for budgeted production units for July are 4,375 units
Please see below explanation and calculation i have prepared for the answer.
Prepare a Production Schedule for July as follows :
<u>July</u>
Budgeted Sales 4,200
Add Budgeted Closing Inventory (4,900 × 25%) 1,225
Total Production Needed 5,425
Less Budgeted Opening Inventory (1,050)
Budgeted Production 4,375
666, but to be honest I don’t understand what you are trying to say but yup
Answer:
$26,700 excess
Explanation:
The amount of deficiency or excess can be determined only when the ending cash balance is known. The ending cash balance is the addition of the net movement in cash to the opening cash balance.
The net movement is the difference between the total receipts and the total payments or disbursement.
Total receipts for January
= $1,061,200
Total payments
= $984,500
Net movement = $1,061,200 - $984,500
= $76,700
Ending balance = $290,000 + $76,700
= $366,700
If the minimum cash requirement is $340,000
The amount of the (deficiency)/excess cash (after considering the minimum cash balance required) for January
= $366,700 - $340,000
= $26,700