Keep-it-hot inc manufactures popular thermoses on june 30

Assignment Help Accounting Basics

Reference no: EM13599462

Keep-it-Hot Inc. manufactures popular thermoses. On June 30, the company had 1,000 thermoses in inventory. Each thermos sells for $8.00. The company's policy is to maintain a thermos inventory equal to 10% of next month's sales. The company expects the following sales activity for the third quarter of the year:

July
7,000 units
August
15,000 units
September
10,000 units

In addition, October's sales are expected to be 9,000 units.

A. Prepare a sales budget for the third quarter of the year.
B. Prepare a production budget for the third quarter of the year.

Reference no: EM13599462

Questions Cloud

Poole corporation has collected the following information : poole corporation has collected the following information after its first year of sales. net sales were 1706800 on

The existing transfer price has been set at 40 per pump : u.s. pump is a multidivisional firm that manufactures and installs chemical piping and pump systems. the valve division

Securities held by an investment trust fund and carried on : securities held by an investment trust fund and carried on the books at 100000 are sold for 110000. on receiving the

In the statment of fiduciary net assets prepared for an : in the statment of fiduciary net assets prepared for an investment trust fund how should the equity of the participants

Keep-it-hot inc manufactures popular thermoses on june 30 : keep-it-hot inc. manufactures popular thermoses. on june 30 the company had 1000 thermoses in inventory. each thermos

Historically cost of goods sold is about 60 percent of : norman jelen the controller of wing corporation is trying to prepare a sales budget for the coming year. the income

Wads county maintains an investment pool in which it : wads county maintains an investment pool in which it invests funds both for wads county and for all legally separate

Ramsey automotive ltd had sales of 2000000 and net : ramsey automotive ltd. had sales of 2000000 and net operating income of 600000 last year. operating assets last year

Kauf industries has just completed its sales forecasts and : kauf industries has just completed its sales forecasts and its marketing department estimates that the company will

User Account

All Pages