Colorado Nursery plans to sell 380 plants during April and 240 units in May. Coronado keeps 25% of the next month's sales as ending inventory. How many units should Coronado produce during April?
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Colorado Nursery plans to sell 380 plants during April and 240 units in May. Coronado keeps 25% of the next month's sales as ending inventory. How many units should Coronado produce during April?
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- If the sales forecast estimates that 50,000 units of product will be sold during the following year, should the factory plan on manufacturing 50,000 units in the coming year? Explain.Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is collected in the month of sale, 25% is collected the month after the sale, and 5% is collected the second month after the sale. How much cash will be collected in August if sales are estimated as $75,000 in June, $65,000 in July, and $90,000 in August?Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is collected in the month of sale, 15% is collected the month after the sale, and 10% is collected the second month after the sale. How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?
- Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April. and 2,900 in May. The required ending inventory is 20% of the next months sales, and the beginning inventory on January 1 was 600 units. Prepare a production budget for the first four months of the year.Muscat Manufacturing plans to sell 6,000 chairs during May, 5,700 in June, and 6,000 during July. The company keeps 15% of the next month's sales as ending inventory. How many units should Muscat produce during June?Trumbull Co. plans to produce 100,000 toy cars during September. Planned production for October is 125,000 cars. Sales are forecasted at 90,000 toy cars for September and 120,000 toycars for October. Each toy car requires four wheels. Trumbull’s policy is to maintain 10 percentof the next month’s production in inventory at the end of a month. How many wheels shouldTrumbull purchase during September?a. 195,000 b. 112,500c. 102,500 d. 410,000
- In October, November, and December, CVM Inc. expect to sell 50,000, 48,000, and 51,000 units respectively. The company's policy is to keep an end-of-month finished-goods inventory equal to 40% of the following month's sales. On the basis of this information, how many units would the company plan to produce in November?Swansong plans to sell 10,000 units of a particular product during July, and expects sales to increase at the rate of 10% per month during the remainder of the year. The June 30 and September 30 ending inventories are anticipated to be 950 units and 1,100 units, respectively. On the basis of this information, how many units should Swansong purchase for the quarter ended September 30? Select one: a. 34,750 units b. 31,850 units c. 33,250 units d. 32,950 unitsCroy Inc. has the following projected sales for the next five months: Month Salen in Unita 3,850 3,875 4, 260 4,135 3,590 April May June July August Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month, Direct materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,865 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May.
- Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for the first four months of the current year: Sales in units O 3,010 O 3,100 O 3,190 O 2,830 O 3,700 Jan. 2,500 Ending inventory for each month should be 15% of the next month's sales, and the December 31 inventory is consistent with that policy. How many units should be purchased in February? Question 8 Feb. 3,100 March. 3,700 April. 2,800 F6 F7 F8Lee Retailing Company prices its products by adding 30% to its cost. Lee anticipates sales of $1,072,500 in July, $1,092,000 in August, and $936,000 in September. Lee's policy is to have on hard enough invertory at the end of the month to cover 25% of the next month's sales. What will be the cost of the inventory that Lee should budget for purchase in August? Select one: O O O a. $840,000 b. $810,000 c. $1,020,000 d. $764,400Hannon Retailing Company prices its products by adding 30% to its cost. Hannon anticipates sales of $715,000 in July, $728,000 in August, and $624,000 in September. Hannon’s policy is to have on hand enough inventory at the end of the month to cover 25% of the next month’s sales. What will be the cost of the inventory that Hannon should budget for purchase in August?a. $509,600b. $540,000c. $565,000d. $680,000
