Hawaiian Breeze Limited forecasts its sales in units for the next four months as follows: March April May June 11,000 13,000 10,500 9,000 Hawaiian Breeze maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $14,500 per month. Dividends of $20,500 are to be paid in May. Ten thousand units were produced in February. a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced Units produced Materials Labour Fixed overhead Dividends Hawaiian Breeze Limited Production Schedule March Total cash payments. 11000 39000 33000 b. Complete a summary of cash payments for March, April, and May. February April Hawaiian Breeze Limited Cash Payments $ 13000 31500 29000 $ March $ May 10500 27000 27000 April $ June 9000 May
Hawaiian Breeze Limited forecasts its sales in units for the next four months as follows: March April May June 11,000 13,000 10,500 9,000 Hawaiian Breeze maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $14,500 per month. Dividends of $20,500 are to be paid in May. Ten thousand units were produced in February. a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) Forecasted unit sales Desired ending inventory Beginning inventory Units to be produced Units produced Materials Labour Fixed overhead Dividends Hawaiian Breeze Limited Production Schedule March Total cash payments. 11000 39000 33000 b. Complete a summary of cash payments for March, April, and May. February April Hawaiian Breeze Limited Cash Payments $ 13000 31500 29000 $ March $ May 10500 27000 27000 April $ June 9000 May
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 1R: Ranger Industries has provided the following information at June 30: Other information: Average...
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