BUS 278 WEEK 5 HOME WORK
Question 1 Question TCO 7 The financial budgets include the
Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus:
Question 3. Question : (TCO 7) The production budget shows planned sales of 26,400. Desired ending inventory is 4,200. Units to be produced are 28,500. What is the beginning inventory?
Question 4. Question : (TCO 7) If there were 20,000 pounds of raw materials on hand on January 1, 45,000 pounds are desired for inventory at January 31, and 295,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?
Question 5. Question : (TCO 7) XYZ Company expects the following sales and collection pattern for the first four months of the year:
Month Cash Sales Credit Sales Total Sales
January $12,000 $23,000 $35,000
February $8,000 $22,000 $30,000
March $9,000 $25,000 $34,000
April $11,000 $28,000 $39,000
•Ã¯â€šÂ 5% of credit sales are collected in the same month
•Ã¯â€šÂ 75% of sales are collected in the following month
•Ã¯â€šÂ 15% of sales are collected in the second following month
What are the projected cash collections for the month of March?