What is the budgeted sales revenue

Assignment Help Accounting Basics
Reference no: EM132950209

Problem - Push It Corporation produces push-button switches used in the manufacture of electric fans. For the year 2019, the sales of electric fans have been forecasted at 800.000 units. Each unit of electric fans requires 4 pieces of push-button switches. Push It regularly supplies 60% of the push-button switches used in the production of new electric fans. In addition, a replacement parts market also exists. Over the past 5 years, the sales of the replacement push-button switches have increased per year by 20% of the preceding year's sales. In 2018, Push It sold 150,000 pieces of push-button switches for P10 per piece in both markets. What is the budgeted sales revenue based on the expected number of pieces of push-button switches to be sold in 2019?

Reference no: EM132950209

Questions Cloud

Prepare the owner equity statement : Jim's capital at the beginning of 2021 was $41,528. He made no investments during the year. Prepare the owner equity statement
How much is a company ordinary share capital : B Company acquired 15,000 treasury shares at a cost of P15 per share. How much is A Company's ordinary share capital at December 31, 2019
Determine the future value of this annuity due : Your friend Anne is planning to invest $700 each year for four years and will earn a rate of 6 percent per year. Determine the future value of this annuity due
What is the estimated cost of inventory shortage : A physical inventory taken at year-end resulted in an ending inventory costing P4,000,000. What is the estimated cost of inventory shortage
What is the budgeted sales revenue : In 2018, Push It sold 150,000 pieces of push-button switches for P10 per piece in both markets. What is the budgeted sales revenue
What are the equivalent units of production : If the FIFO method is used, what are the equivalent units of production for the period for conversion costs
What should the manufacturing overhead budget indicate : What should the manufacturing overhead budget indicate for cash disbursements for manufacturing overhead for the month of September
Find how much is the balance of brooklyn capital : Anthony, Brooklyn, and Cali are partners sharing profits in the ratio of 5:3:2, How much is the balance of Brooklyn's capital, after the admission of Damian?
Prepare the journal entries to record the bonds : Tamarisk Inc. issued $870,000 of 20-year, 10% bonds on January 1, 2020, at 102. Prepare the journal entries to record the bonds

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the concept of depreciation

Explain the concept of depreciation. Which of following depreciation methods would you recommend: straight-line depreciation, double declining balance method

  Problem based on international accounting standards board

Problem based on International Accounting Standards Board. In April 2004, FASB and the IASB created a joint project on financial statement presentation.

  Compute the fixed factory overhead volume variance

Fixed overhead (based on 10,000 hours) 3 hours per unit at $0.70 per hour. Compute the fixed factory overhead volume variance

  Do think sox is effective and was necessary

Some individuals argue that Sarbanes-Oxley is ineffective. Do you agree with this statement or do you think SOX is effective and was necessary

  A company must decide between scrapping or reworking units

a company must decide between scrapping or reworking units that do not pass inspection. the co. has 15000 defective

  How is this testing of controls carried out in an audit

If the preliminary assessment of control risk indicates that the risk may be below the maximum level, How is this testing of controls carried out in an audit

  Jerry rees invested 8000 at 5 annual interest and left the

1.jerry rees invested 8000 at 5 annual interest and left the money invested without withdrawing any of the interest for

  What is the check number

ACC 693: Check Review Assignment - What is the check number? What is the ABA# on this check? (Hint: ABA# is the middle set in this check.)

  Describe the purpose of general purpose financial reports

Describe the purpose of General Purpose Financial reports as set out in the Accounting Standard AASB 101 Presentation of Financial Statements

  Calculate basic and diluted earnings per share for sanchez

Sanchez, Inc. has an income tax rate of 40%. Its reported net income for 2010 was $88,000, Calculate basic and diluted earnings per share for Sanchez

  An employee earns 5500 per month working for an employer

an employee earns 5500 per month working for an employer. the fica tax rate for social security is 6.2 and the fica tax

  Prepare the journal entry to record the original issuance

On January 1, 2015, when its $30 par value common stock was selling for $80 per share, Prepare the journal entry to record the original issuance

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