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A company had a very successful year in 2013. Based on a $200 average unit selling price, monthly sales during 2013 were as follows: January $ 65,000 February 50,000 March 90,000 April 140,000 May 50,000 June 40,000 July 30,000 August 75,000 September 55,000 October 85,000 November 25,000 December 40,000 Total $745,000 The sales budget for 2014 is being prepared. Increased manufacturing costs will make it necessary to increase the selling price by 15 percent. Even with this price increase, the unit volume of sales is expected to increase by 20 percent. The seasonal sales pattern shown for 2013 is expected to continue in 2014. a. Prepare the monthly sales unit and dollar budgets for the first quarter of 2014. b. Management is considering the possibility of raising the average selling price by 25 percent in 2014. If this action is taken, he projects that the sales volume for the year will increase by only 10 percent. What would forecasted sales in units and dollars be in 2014 if the projection is correct?
Indus Company has a Supplies account balance of $900 on January 1, 2009. During 2009, it purchased $4,000 of supplies. As of December 31, 2009, a supplies inventory shows $750 of supplies available. Prepare the adjusting journal entry to correctly..
Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers?
two circles touch each other externally. one of the circles is 300 more in area than the other. if a is the centre of
define and describe the term intangible asset. what major characteristics differentiate intangible assets from other
Spoiled Baby Corp (SPC) sells baby buggies. Recent changes in the law required SPC to warranty its products for 90 days and you must set up the required accounts. Historical Data indicates that 6% of monthly sales result in warranty claims. The Ju..
due to an increase in labor rates the company estimates that variable costs will increase by 1.60 per skateboard next
the mediterranean sea exchanges water with the atlantic ocean. fresh water inflow to the mediterranean is approximately
What are the steps in the calculation of implied value.
the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales
Horatio Ltd. uses job order costing to measure and track product costs. Horatio has determined that machine hours drive its manufacturing overhead costs. During the month of June, the following data were available for Product #80:
A. Calculate the break-even point(s) B. If Cesar's Bottlers can sell all the units it can produce, shoud it operate ar one, two, or three shifts? Support your answer.
in 2013 alex a calendar-year taxpayer purchased business equipment 5-year property for 700000. the property was placed
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