Solution-Calculate the required production in units of

Calculate the required production in units of finished goods

Assignment Help Managerial Accounting

Reference no: EM133139686

Question - The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit sales	11,500	12,500	14,500	13,500

The selling price of the company's product is $14 per unit. Management expects to collect 75% of sales in the quarter in which the 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 $71,200.

The company expects to start the first quarter with 1,725 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,925 units.

Required - Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.

Reference no: EM133139686

Questions Cloud

Importance to the union of union security provisions : 1. Explain the importance to the union of union security provisions in a collective agreement and the implications of these provisions to the employer.

Calculate theta cash surplus : Beginning cash balance $2,700. Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October

Types of workplace hazards : What are some of the types of workplace hazards in yours (or someone you know), workplace? How is the company addressing the issue? (If they are.)

Managing occupational health-safety and environment : OH&S management system for an organization that you have worked in (or is knowledgeable about). You will need to identify the health and safety concerns in that

Calculate the required production in units of finished goods : Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole

KIT501 UNIX Scripting Assignment : KIT501 UNIX Scripting Assignment Help and Solution, University of Tasmania - Assessment Writing Service

Review the links in the announcement : Multinational corporations and the extraordinary advancement of 4IR have created challenges for unions. Discuss how one of the key technological advances listed

Example of a variable expense : 1. Which of the following statements is false? 2. A time log can be helpful

Development of operations strategy : Suggest the competitive priorities that the business used in the development of its operations strategy

User Account

All Pages

Calculate the required production in units of finished goods

Reference no: EM133139686

Reference no: EM133139686

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT