Cash production costs are 500 per unit produced and each

Assignment Help Accounting Basics

Reference no: EM13582644

Denard Shoe Company has projected sales in Shoes for the first part of the year as follows:

Denard has a desired ending balance of shoes on hand equal to 10% of the following month's expected shoe sales. On December 31, Denard had 5,000 shoes in stock.

Cash production costs are $5.00 per unit produced and each unit is sold on account for $35. Of the production costs, 20% are paid in the month in which they are incurred, 35% in the following month, and the balance in the next month. Selling and administrative expenses, including $15,000 in depreciation, amount to $80,000 per month. The accounts payable balance on December 31 totals $190,000. December production costs equaled $150,000. Prepare a schedule for January and February showing budgeted cash disbursements.

Reference no: EM13582644

Questions Cloud

Xtreme sports has 150000 of 8 noncumulative : xtreme sports has 150000 of 8 noncumulative nonparticipating preferred stock outstanding. xtreme sports also has 550000

Assume that the ground beef could be processed into sausage : indianola beef buys sides of beef to convert into three products steaks roasts and ground beef. in april 2013 indianola

A company had a beginning balance in retained earnings of : a company had a beginning balance in retained earnings of 43900. it had net income of 6900 and paid out cash dividends

Use a service you are familiar with and develop a service : provide 1 12 page document answering the below questions. need information by 11 pm no later than that. please let me

Cash production costs are 500 per unit produced and each : denard shoe company has projected sales in shoes for the first part of the year as followsdenard has a desired ending

Wilton company reported net income of 40000 for the year : wilton company reported net income of 40000 for the year. during the year accounts receivable decreased by 7000

Find the maximum horizontal distance that the hole can be : a ball is hit from the ground with an innitial velocity of 25ms into the air. it is to land in a hole that is 10m

A business is operating at 90 of capacity and is currently : a business is operating at 90 of capacity and is currently purchasing a part used in its manufacturing operations for

From the e-activity review one of the following a blog b : discussion 1 choosing a medium for sharing your professional workplease respond to the followingmiddot from the

User Account

All Pages