comprehensive problem 5 “ financial and managerial accounting 13 th edition Warr

Question

comprehensive problem 5 “ financial and managerial accounting 13 th edition Warren reeve” 2016 January February March April May Case Production ility Total Cost 500 1,200 740 720 950 1,025 une 705 Instructions 1. Determine the fixed and variable portion of the utility cost 2. Determine the contribution margin per case. 3. Determine the fixed 4. Determine the break-even number of cases per month. costs per month, including the utility fixed cost fro Part B-August Budgets During July of the current year, the management of Genuine Spice Inc. ask to prepare August manufacturing and income statement budgets. Dema to be 1,500 cases at $100 per case for August. Inventory planning inform as follows: Finished Goods Inventory: Cases 175 itimtad finished goods inventory, August 1, 2016 300

Explanation / Answer

GENUINE SPICE INC. Production Budget For the Month of August Cases Estimated sales 1500 Add: Desired ending finished goods inventory 175 Total required production 1675 Less: Estimated beginning finished goods inventory 300 Budgeted Production 1375

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