How much is ending inventory in units for October

Assignment Help Managerial Accounting
Reference no: EM133125875

Question - Rawlings Company has budgeted sales and production over the next quarter as follows:


Sales

Production

September

60,000

48,000

October

40,000

44,000

November

60,000

58,000

Rawlings Company has 20,000 units of product on hand at September 1. The company requires that 20% of the next month's sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How much is ending inventory in units for October?

Reference no: EM133125875

Questions Cloud

Difference between input costs and output costs : Explain the difference between input costs and output costs?
What is the amount of its net capital loss carryover : Hughes reported a net capital gain of $12,000 and in 2020 it recognized a net capital gain of $6,000. What is the amount of its net capital loss carryover
What is the company cost of equity capital : If the risk-free rate is 5.3 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital
Determine the optimal order size using EOQ : The supplier's replacement time is 3 weeks. Determine the optimal order size using EOQ and Reorder Point. Assume that the year has 45 weeks
How much is ending inventory in units for October : The company requires that 20% of the next month's sales in units are on hand at the end of each month. How much is ending inventory in units for October
Prepare entry to record the issuance of the bonds : On September 1, 2020, Kingbird Company sold at 104 (plus accrued interest) 5,400 of its 9%, Prepare entry to record the issuance of the bonds
Agent of economic development : According to Joseph Schumpeter, what is the primary agent of economic development? Is this person or element an "innovator" or a "destroyer? How does economic d
How many units should be produced in May : Cross Country keeps 10% of the next month's sales as ending inventory. If April's ending inventory reflects this policy, how many units should produced in May
What was the effect of the black death : What was the effect of the Black Death?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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