Ask Experts Questions for FREE Help !
Ask
    brigada510's Avatar
    brigada510 Posts: 2, Reputation: 1
    New Member
     
    #1

    Mar 28, 2010, 03:36 PM
    Please help w/ Managerial Accounting Homework questions
    I am stuck with these two problems, any help is appreciated :).
    1)
    The Adams Company, a merchandising firm, has budgeted its activity for November according to the following information:

    • Sales at $452,000, all for cash
    • Merchandise inventory on October 31 was $193,000.
    • The cash balance November 1 was $10,000.
    • Selling and administrative expenses are budgeted at $59,500 for November and are paid for in cash.
    • Budgeted depreciation for November is $24,700.
    • The planned merchandise inventory on November 30 is $249,000.
    • The cost of goods sold is 65% of the selling price.
    • All purchases are paid for in cash.
    The budgeted cash receipts for November are:
    a. $476,700
    b. $158,200
    c. $293,800
    d. $452,000
    2)
    Castil Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 1.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows:

    August 20,400 units
    September 21,800 units
    October 21,700 units
    November 20,200 units
    December 21,400 units

    The company wants to maintain monthly ending inventories of Jurislon equal to 30% of the following month's production needs. On July 31, this requirement was not met since only 9,000 kilograms of Jurislon were on hand. The cost of Jurislon is $4.2 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
    The desired ending inventory of Jurislon for the month of September is:
    A. $41,202
    B. $21,800
    C. $21,700
    D. $41,013

    Thank you!
    brigada510's Avatar
    brigada510 Posts: 2, Reputation: 1
    New Member
     
    #2

    Apr 1, 2010, 09:30 PM

    Thanks for the help guys ! (o_0)

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Managerial accounting homework [ 1 Answers ]

LSP Capsules Variance Analysis and Performance Evaluation LSP Capsules are made by a secret process of mixing LPT with sugar in the optimum proportion of 8:2(i.e. combining 8 units of LPT an 2 units of sugar yields 10 units of mixture). Though there is no expected loss in mixing, the capsule...

Managerial accounting homework help [ 1 Answers ]

Need help with calculating profitability ratios: if company has sales of 24 million, total assets of 18million and total debt of 7million, if profit margin is 8%, then what is net income, ROA and ROE? I know answers are 1.92 million; 10.67% and 17.45% but I do not know how to get these...

Free help with managerial accounting homework questions [ 1 Answers ]

Please help me with the following questions. 1. Raglan manufacturing has the following cost components for 100,000 units of product for 2009. Direct materials $200,000 Direct Labor $100,000 Manufacturing Overhead ...

Homework-managerial accounting [ 1 Answers ]

hi, I have two questions if someone wouldn't mind helping me with! Thanks Question 1: The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be: Question...


View more questions Search