Reference no: EM133081463
Question - Tony Corporation manufactures and distributes a number of products to retailers. One of these products, SuperStick, requires 4 kilograms of material D2336 in the manufacture of each unit. The company wants to plan raw material needs for the third quarter - July, August and September. The company has the following inventory requirements to keep production and shipments moving:
a) Finished goods inventory on hand at the end of each month must be equal to 8,000 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 22,000 units.
b) Raw material inventory on hand at the end of each month must be equal to 40% of the following month's production needs for raw materials.The raw materials inventory on June 30 for D236 is budgeted to be 129,000 kilograms.
c) The company maintains no work in process inventories.
Tony Corporation has the following budgeted sales for the selected six month period:
Budgeted Sales in Units
July 60,000
August 75,000
September 105,000
October 53,000
November 30,000
December 15,000
Required -
a) Prepare a production budget in units for SuperStick for each of July, August, September and October.
b) Prepare a raw materials purchase budget in kilograms showing the quantity of D236 to be purchased for each of July, August and September.
|
Prepare the may and november journal entries
: On November 4, Zirbal reissued 1,150 shares of this treasury stock for $11,500. Prepare the May 3 and November 4 journal entries
|
|
Today competitive environment
: Discussion forum, pretend that you work for a marketing firm. Knowing that effective marketing is of increasing importance in today's competitive environment
|
|
Calculate payroll for Karen and Adam
: Calculate payroll for Karen, and Adam for June 14th and June 28 payrolls. These employees are paid bi-weekly, meaning every other week
|
|
Describing the product
: Describe the product, its functionality, and how it works. It is important to remember that a product is anything that can be offered to a market for use.
|
|
Prepare a raw materials purchase budget in kilograms
: Prepare a raw materials purchase budget in kilograms showing the quantity of D236 to be purchased for each of July, August and September
|
|
Calculate the contribution margin per camera
: M Studios retails their own brand of camera that they manufacture in their plant for $500. Calculate the contribution margin per camera
|
|
New learning community
: Detail the steps you will take to establish your role in your new learning community. Identify challenges to building your learning community.
|
|
What is the ex-dividend date
: They declared that the second-quarter dividend was to be paid on April 9, with a record date of March 12. What is the ex-dividend date
|
|
Project plan proposal
: Explain the project's mission statement and objectives. Explain the resource utilization, including funding sources and project budget.
|