Forrest company manufactures watches and has a jit policy

Assignment Help Cost Accounting
Reference no: EM13907147

Forrest Company manufactures watches and has a JIT policy that ending inventory must equal 10% of the next month's sales. It estimates that October's actual ending inventory will consist of 40,000 watches. November and December sales are estimated to be 400,000 and 350,000 watches, respectively. Compute the number of watches to be produced that would appear on the company's production budget for the month of November.

Reference no: EM13907147

Questions Cloud

Career opportunities of a health information management : Write a paper about your job as a Director of Health Information Management. What topics would you include in your presentation? What would you include in the brochure that addresses educational requirements and career opportunities of a health in..
Find the maximum permissible exposure : Find the Maximum Permissible Exposure (MPE) for the eye at 30 cm distance from the fibre tip and is the irradiance at this distance hazardous if viewed for the same duration as you used in question (1)?
What is rUTI-the required rate of return on UTI Stock : As an equity analyst you are concerned with what will happen to the required return to Universal Toddler Industries stock as market conditions change. Suppose rRF=5% rM =12% and bUTI = 14. Under the current conditions what is rUTI, the required rate ..
Discuss the best way to leverage a breakeven analysis : -Discuss the best way to leverage a breakeven analysis when defining a business strategy. -Analyze the 12 financial ratios and determine which is the most useful to the greatest number of small businesses. Explain your rationale.
Forrest company manufactures watches and has a jit policy : Forrest Company manufactures watches and has a JIT policy that ending inventory must equal 10% of the next month's sales.
Inflation rate will be over the next year : An investment offers a 12 percent total return over the coming year. Bill Bernanke thinks the total real return on this investment will be only 7.3 percent. What does Bill believe the inflation rate will be over the next year?
Accrual accounting and cash basis accounting : Identify the differences between accrual accounting and cash basis accounting. How is the profit margin calculated? Discuss its use in analyzing a company's performance. What is the purpose of closing entries? Describe the closing process
Defined benefit plan or contribution plan : defined benefit plan or contribution plan
Partnerships and proprietorships can face difficulties : Recall that we saw that partnerships and proprietorships can face difficulties when it comes to raising capital. Implication are that small businesses will generally face what problem? Why?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Improve its production efficiency

Compute NVP.(Do not include the dollar sign ($).Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations.

  If we do not allocate certain corporate costs to individual

if we do not allocate certain corporate costs to individual departments or divisions what other potential measures will

  Total amounts of the company assets

Number of business transactions carried out by Smalling Manufacturing Company - Indicate the effects of each of these transactions on the total amounts of the companys assets.

  When oprah gave away pontiac g6 sedans to her tv audience

when oprah gave away pontiac g6 sedans to her tv audience was the value of the cars taxable?on labor day weekend in

  How many units will manager of the psf division purchase

How many units of Part Y34 will the manager of the PSF Division purchase, either internally or externally?

  Which of following is not a change in accounting principle

Which of the following is the proper time period in which to record a change in accounting estimate?

  What is the residual income of the new project

A new project being considered would require an investment of $15,000 and would generate annual net operating income of $3,000. What is the residual income of the new project? A) 20.8% B) 20% C) ($150) D) $300

  How many computers does the company need to sell

How many computers does PC Planet have to sell each month to break even and if PC Planet wants to earn $5,000 per month after all expenses, how many computers does the company need to sell?

  Cash flows using the indirect method

Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.

  How many of each product should be produced

How many of each product should be produced per month using the short-run strategy and fixed manufacturing costs of $60,000 are assigned at the rate of $5 per machine hour.

  Delivery price of the long forward contract

When the delivery price of the long forward contract is $60, and the actual price at the time of delivery is $30, there is a profit or loss of

  Compute the balances of the factory overhead accounts

Journalize the entries to record the operations, identifying each entry by letter. Compute the July 31 balances of the inventory accounts. Compute the July 31 balances of the factory overhead accounts.

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