Reference no: EM133042253
Problem - Oak Creek Company Is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows.
Sales - Sales for the year are expected to total 1 million units. Quarterly sales are 20%, 25%, 25%, and 30%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 10% higher than the budgeted sales for the first quarter of 2020.
Production - Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume.
Direct materials - Each unit requires 2 kg of raw materials at a cost of $10 per kilogram.
Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for the first quarter of 2020 are 500,000 kg.
Required - Prepare the sales, production, and direct materials budgets by quarters for 2020.
|
What is performance management
: Read the article, "What is performance management? Definition, Key Features, and Future
|
|
Explain the full meaning of the term conflict
: George and Ralph Tahashi are brothers that manage two different departments for the family business named Tahashi Technologies. Ralph is the newly appointed hea
|
|
Calculate the budgeted total unit cost
: In addition, Oak Creek budgets 0.3 hours of direct labour per unit, labour costs at $14 per hour, Calculate the budgeted total unit cost
|
|
Discuss the factors that influence reward policies
: (a) CEOs in Asia "most upbeat" on economy: Asia's chief executive officers have the highest levels of confidence about the economy compared to their peers elsew
|
|
Prepare the sales, production, and direct materials budgets
: Direct materials - Each unit requires 2 kg of raw materials at a cost of $10 per kilogram. Prepare the sales, production, and direct materials budgets
|
|
Aligning hr strategy with business strategy
: Sukhpreet Singh will be responsible for HR team leadership, besides developing and implementing HR strategies and initiatives aligned with the company's overall
|
|
Decision-making outcome of a selection process
: Explain their relevance in recruitment and selection processes and their effects on the decision-making outcome of a selection process.
|
|
What are the drive-thru sales
: Wendy's drive-thru sales are 45% of the restaurant's total sales. If McDonalds' total sales are $1,800,000, then what are the drive-thru sales?
|
|
Perception of neuroeconomics science
: What impact did this discussion task have on your perception of neuroeconomics science?
|