Complete production schedule for march

Assignment Help Financial Accounting
Reference no: EM132554623

The Boswell Corporation forecasts its sales in units for the next four months as follows:

March 9,000

April 11,000

May 8,500

June 7,000

  • Boswell maintains an ending inventory for each month in the amount of two times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $6 per unit and are paid for in the month after production. Labour cost is $10 per unit and is paid for in the month incurred. Fixed overhead is $13,500 per month. Dividends of $20,300 are to be paid in May. Eight thousand units were produced in February.

Question a. Complete production schedule for March, April, and May. (Enter all values as positive value.)

Boswell Corporation

Production Schedule March April May June

Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced

Question b. Complete summary of cash payments for March, April, and May.

Boswell Corporation

Cash Payments February March April May

Units produced Materials Labour Fixed overhead Dividends Total cash payments

Reference no: EM132554623

Questions Cloud

Bermuda cruises issues only common stocks : Bermuda Cruises issues only common stocks and coupon bonds. The firm has a debt-equity ratio of 0.45. The cost of equity is 17.6 percent.
Prepare the journal entry required for each case : Prepare the journal entry required for each case. Explain your proposed treatment. During the year $5,500,000 was paid to staff to investigate whether a drug.
Calculate each project discounted payback period cutoff : Calculate each project's discounted payback period cutoff. Which would you accept if Puppy's payback period cutoff is 2 years?
Special occasion speech outline : Create an outline or speaking notes in Microsoft Word. o Download the Microsoft Word template in the "Assignment 4.1" section. of your course.
Complete production schedule for march : Complete production schedule for March, April, and May. (Enter all values as positive value.) Complete summary of cash payments for March, April, and May.
Successful brick-and-mortar business : You have owned and operated a successful brick-and-mortar business for several years.
Determine what is the crossover rate : You are analyzing the following two mutually exclusive projects and have developed the following information. What is the crossover rate?
Morals correlate with principles of servant leadership : Think about how your personal values and morals correlate with the principles of servant leadership.
Discover does not align with your personal values : Suppose you go to work for an organization that you discover does not align with your personal values.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd