How do determine the budgeted units of inventory for march

Assignment Help Managerial Accounting
Reference no: EM132962145

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were:

January - 200,000 units;

February - 180,000 units;

March - 210,000 units; and

April - 230,000 units.

The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.

?Problem 1: Determine the budgeted units of inventory for March 31.

Option 1: 46,000

Option 2: 36,000

Option 3: cannot be determined from the data given

Option 4: 42,000

Reference no: EM132962145

Questions Cloud

Why underperformance can emerge within a business : Give FOUR reasons why underperformance can emerge within a business
Minimize the limitations typical : Develop a change plan that would minimize the limitations typical in either a Downsizing or Restructuring initiative (CH 10), or a Merger or Acquisition (CH 12)
How will the bonds affect account balances : How will the bonds affect account balances and total asset and liability amounts in future years of statement of financial position
Discuss the term security : First, define and then discuss the term "security" with respect to today's workplace. Then, discuss in detail at least two actions an employer can take to minim
How do determine the budgeted units of inventory for march : The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20%. Determine the budgeted units of inventory for March 31.
What are the app : Gilly is also asked to make sure that the records management policies and procedures comply with the Australian Privacy Principles (APP).
Explain statement by elaborating qualitative methods : Explain the statement by elaborating different qualitative and quantitative methods of demand forecasting
What should the value of the bank stock be : The risk-adjusted cost of capital for banks in Yorktown's risk class is 17 percent. What should the value of the bank stock be
Implementing the identified policy : Indicate how you would go about implementing the identified policy and its accompanying procedures and what you expect it to accomplish.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What are the features of managerial accounting

How managerial accounting course is help in your professional future, problem-solving, management, leadership, organizational behavior, etc.

  Analyze the impact decision rights have on successfully

Analyze the impact decision rights have on successfully implementing a pricing strategy into an organization.

  Construct a table to show the amount of depreciation

Construct a table to show the amount of depreciation should be recorded each year during the lifetime of the machine

  Calculate the total raw material variance for may

Calculate the total raw material variance for May and break it down into sub-variances. How do you interpret the results of your calculations

  Find what are total equivalent units for conversion costs

The Rolling Department of Oak Ridge Steel Company, What are the total equivalent units for conversion costs? Round to the nearest whole unit.

  What the average collection period of the receivables

Net credit sales during the year amounted to $8061000. What the average collection period of the receivables in terms of days

  Demontrate the unit product cost of each product

Fogerty Company makes two products-titanium Hubs and Sprockets. Determine the unit product cost of each product according to the ABC system.

  Compute the average rate of return

Spanish Peaks Railroad Inc. is considering acquiring equipment at a cost of $1,250,000. Compute the average rate of return

  What the incremental gain for the container division

What The incremental gain or (loss) for the container division would be? Jerry Containers manufactures Containers for the packaging industry.

  Jay rexford president of photo artistry company was just

jay rexford president of photo artistry company was just concluding a budget meeting with his senior staff.nbsp it was

  Why does economic growth or increases in real gdp

Why does economic growth or increases in real GDP such a good thing? Is it because unemployment generally goes down when GDP rises and spendingand incomes rise?

  Calculate the direct and indirect cost rate per hour

Calculate the direct and indirect cost rate per hour for 20XX using (a) actual costing; (b) normal costing; and (c) a variation on normal costing

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