I look for correct answers for the ALL qouestions : 8-2 : Paradise Corporation b

Question

I look for correct answers for the ALL qouestions :

8-2 :

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.

*Three pounds of raw material are needed to produce each unit of finished product.

If Paradise Corporation plans to sell 530,000 units during next year, the number of units it would have to manufacture during the year would be:

8-3 :

The company has 4,500 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 74,000 units. Budgeted sales for September would be (in units):

8-2 :

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.

Beginning Inventory Ending Inventory   Raw material* 50,000 60,000   Finished goods 90,000 60,000

*Three pounds of raw material are needed to produce each unit of finished product.

If Paradise Corporation plans to sell 530,000 units during next year, the number of units it would have to manufacture during the year would be:

8-3 :

Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September   Sales in units 42,500 54,500 ?   Production in units 48,700 54,800 59,150

The company has 4,500 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 74,000 units. Budgeted sales for September would be (in units):

Explanation / Answer

8-2 Statement showing computations Particulars Amount Planned Sales              530,000.00 Ending inventory of Finished Goods              60,000.00 Total units required            590,000.00 Less : Begining inventory of Finished Goods              90,000.00 Units to be produced            500,000.00 8-3 Statement showing computations Particulars July August September October Beginning inventory = Ending of Prev month                4,500.00                5,450.00                    5,750.00                7,400.00 Ending Inventory = 10% of next month sales August = 5,450 + 54,800 - 54,500                5,450.00                5,750.00                    7,400.00 Production in Units              48,700.00              54,800.00                 59,150.00 Sales In Units September = 5,750 + 59,150 - 7,400              42,500.00              54,500.00                 57,500.00              74,000.00

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