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bekas [8.4K]
2 years ago
5

The selling price of the company’s product is $22 per unit. Management expects to collect 75% of sales in the quarter in which t

he sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,800. The company expects to start the first quarter with 2,460 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,660 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.
Business
1 answer:
tia_tia [17]2 years ago
7 0

Answer:

good luck

Explanation:

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Answer:

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Total manufacturing overhead = variable + fixed overhead absorbed

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