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Category > Accounting Posted 17 Aug 2017 My Price 14.00

`new marketing manager

 

The company has just hired a new marketing manager who insists that unit sales can be dramatically increased by dropping the selling price from $8 to $7. The marketing manager would like to use the following projections in the budget:

  Data

Year 2 Quarter

Year 3 Quarter
  1 2 3 4 1 2
  Budgeted unit sales 45,000 70,000 115,000 70,000 80,000 95,000
  Selling price per unit $7 per unit        
 

A

B

C

D

E

F

F
1              
2              
3 Data Year 2 Quarter Year 3 Quarter
4   1 2 3 4 1 2
5 Budgeted unit sales 45,000 70,000 115,000 70,000 80,000 95,000
6              
7 Ac€?c Selling price per unit $7 per unit        
8 Ac€?c Accounts receivable, beginning balance $65,000          
9 Ac€?c Sales collected in the quarter sales are made 75%          
10 Ac€?c Sales collected in the quarter after sales are made 25%          
11 Ac€?c Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter    
12 Ac€?c Finished goods inventory, beginning 12,000 units        
13 Ac€?c Raw materials required to produce one unit 5 pounds        
14 Ac€?c Desired ending inventory of raw materials is 10% of the next quarter's production needs    
15 Ac€?c Raw materials inventory, beginning 23,000 pounds        
16 Ac€?c Raw material costs $0.80 per pound        
17 Ac€?c Raw materials purchases are paid 60% in the quarter the purchases are made    
18      and 40% in the quarter following purchase    
19 Ac€?c Accounts payable for raw materials, beginning balance $81,500          
 

Questions:

 

a. What are the total expected cash collections for the year under this revised budget?

b. What is the total cost of raw materials to be purchased for the year under this revised budget?

c. What are the total expected cash disbursements for raw materials for the year under this revised budget?

d. What is the total required production for the year under this revised budget?

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 06:08 PM My Price 14.00

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