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4 years ago

Saphire Company budgeted the following production in units for the second quarter of the year:

Business

1 answer:

Ugo [173]4 years ago

6 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

April 45,000

May 38,000

June 42,000

Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.

A) Budgeted production= sales + desired ending inventory - beginning inventory

Budgeted production:

Sales=38,000

Ending inventory= 42,000*0.3= 12,600

Beginning inventory= 38,000*0.3= (11,400)

Total= 39,200

B) Desired beginning inventory= budgeted sales*30%

Beginning inventory= 42,000*0.3= 12,600

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3 years ago

Six years ago a commercial property owner paid $490,000 for her complex which included 10 acres of land valued at $100,000. Usin

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Answer:

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3 years ago

Riverbed Company sells goods that cost $320,000 to Ricard Company for $407,000 on January 2, 2020. The sales price includes an i

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Answer:

a) Journal entries to record the sale on January 2, 2020:

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3 years ago

Roger remembers from a business class he took years ago in college that there are several business forms to choose from. Each fo

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3 years ago