DashboardGrammarly4 Homework ASavedHelpJordan Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate becauseeconomic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for CummingsDivision, 4 percent for Springfield Division, and 8 percent for Douglas Division.Requireda. Complete the sales budget by filling in the missing amounts.b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements.Complete this question by entering your answers in the tabs below.Required ARequired BComplete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.)SecondFourthDivisionFirst QuarterThird QuarterQuarterQuarterCummings Division$190,000Springfield Division310,000Douglas Division240,000< Required ARequired B> HomeworkSavedJordan Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate becauseeconomic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for CummingsDivision, 4 percent for Springfield Division, and 8 percent for Douglas Division.Requireda. Complete the sales budget by filling in the missing amounts.b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements.Complete this question by entering your answers in the tabs below.Required ARequired BDetermine the amount of sales revenue that the company will report on its quarterly pro forma income statements. (RoundEintermediate calculations and final answers to the nearest whole dollar amount.).... ... . .. .. ... .SecondFourthFirst QuarterThird QuarterQuarterQuarterSales revenue< Required ARequired B

Sales budget is the budget which estimated the sales for the future financial year and this budget…

Jordan Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate bec economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cumming Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below.

Jordan Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate bec economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cumming Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 50E: Use the following information for Exercises 9-50 and 9-51: Assume that Stillwater Designs produces...

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Homework i Saved H Walton Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The growth expectations per quarter are 6 percent for Cummings Division, 4 percent for Springfield Division, and 8 percent for Douglas Division. Required a. Complete the sales budget by filling in the missing amounts. b. Determine the amount of sales revenue that the company will report on its quarterly pro forma income statements. Complete this question by entering your answers in the tabs below. Required A Required B Complete the sales budget by filling in the missing amounts. (Round your final answers to the nearest whole dollar amount.) Second Fourth Division First Quarter Third Quarter Quarter Quarter Cummings Division 2$ 150,000 Springfield Division 300,000 Douglas Division 280,000
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Question 1 The marketing department of HASF Corporations has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) Q1 Q2 Q3 Q4 total Budgeted units sales ? 10% increase 10 % decrease 16,335 62,685 Budget selling price per unit 18 18 18 ? 18 budgeted sales revenue ? 297,000 ? 294,030 ? Other information Each quarter ending finished goods inventory is 20% of next month units sold. Next year first quarter beginning inventory is 3,000. Each finished units require 3 grams of raw material that cost Rs 3 per unit. Management desired to end each quarter with an inventory of raw material equal to 15% of the current quarter production needs Beginning inventory of raw material in first quarter 3,000 grams FIND UNIT SALES of Q1 Answer format should be like : 10000 donot USE COMMA's or Currency or UNITs. Answer should be plain…
Product Costs using Activity Rates Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is $121,100, and 17,300 orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity.$ per sales order b. Determine the amount of sales order processing cost that Nozama.com would receive if it had 9,900 sales orders.$
Q # 2) ABC produces Goods for resale at throughout America. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prior year quarterly sales were as follows; First quarter 14,000 units Second quarter 6,000 units Third quarter 8,000 units Fourth quarter 4,000 units Unit sales are expected to increase 20 percent, and each unit is expected to sell for $1. The management prefers to maintain ending finished goods inventory equal to 10 percent of next quarter’s sales. Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units. The beginning inventory was 1000 units. Direct Materials Purchases Budget Information Each unit of product requires 1.5 pounds of direct materials per unit, and the cost of direct materials is $1 per pound. Management prefers to maintain ending raw materials inventory equal to 30 percent of…
Q # 2) ABC produces Goods for resale at throughout America. The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year, which ends December 31. Prior year quarterly sales were as follows; First quarter 14,000 units Second quarter 6,000 units Third quarter 8,000 units Fourth quarter 4,000 units Unit sales are expected to increase 20 percent, and each unit is expected to sell for $1. The management prefers to maintain ending finished goods inventory equal to 10 percent of next quarter’s sales. Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units. The beginning inventory was 1000 units. Direct Materials Purchases Budget Information Each unit of product requires 1.5 pounds of direct materials per unit, and the cost of direct materials is $1 per pound. Management prefers to maintain ending raw materials inventory equal to 30 percent of…
Integrated Excel: Preparing a Contribution Format Income Statement Using the High-Low Method Jay Corporation has provided data from a two-year period to aid in planning. The Controller has asked you to prepare a contribution format income statement. Budgeted information for Quarter 1 of 2024: Sales in units Sales price per unit After analyzing expenses, the company has determined the following cost patterns. Cost of Goods Sold (per unit) Sales Commissions (per dollar of sales). Administrative Salaries (per quarter) Rent Expense (per quarter) Depreciation Expense (per quarter) Shipping has been determined to be a mixed cost with the following total costs and units: 2022 Quarter 1 Quarter 2 Quarter 3 Quarter 4 2023 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Cost $ 67,000 $ 94,000 $ 89,800 $ 92,600 $ 72,500 $80,000 $ 84,000 $ 100,000 17,000 $ 48.00 Units 12,500 21,000 13,800 20,000 13,700 14,000 14,300 22,500 $29.00 9.50€ $ 45,000 $ 27,000 $ 36,000 Required: Use the data to answer the…
QUESTION 3 REQUIRED Study the information provided below and calculate the following independently: 3.1. Total Marginal Income and Net Profit/Loss 3.2 3.3 Break-even value Margin of safety (expressed in units) if the budgeted sales volume is 10% below the forecasted figure. INFORMATION Ascot Ltd manufactures shirts. The following information was extracted from the budget for the month ended 28 February 2023: Sales Selling price per unit Direct material cost per unit Direct labour cost per unit Variable manufacturing overhead costs per unit Sales commission Fixed manufacturing overhead costs Fixed selling and administrative costs 50 000 units R100 R30 R18 R7 R5 per unit sold R400 000 R200 000
Chapter 8: Applying Excel: Exercise (Part 2 of 2) Requirement 2: 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 Budgeted unit sales. Selling price per unit 1 Chapter 8: Applying Excel 2 3 4 5 6 780 9 10 11 12 13 14 56789 15 16 17 18 19 Data Budgeted unit sales A 1 45,000 $7 Year 2 Quarter 2 3 70,000 105,000 Selling price per unit Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is Finished goods inventory, beginning Raw materials required to produce one unit • Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid and Accounts payable for raw materials, beginning balance $ $ $ $ B 1 4…
Current Attempt in Progress Concord Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2022, and relevant budget data are as follows. Actual Comparison with Budget Sales $1,400,000 $101,000 favorable Variable cost of goods sold 680,000 55,000 unfavorable Variable selling and administrative expenses 124,000 24,000 unfavorable Controllable fixed cost of goods sold 169,000 On target Controllable fixed selling and administrative expenses 79,000 On target Average operating assets for the year for the Home Division were $2,000,000, which was also the budgeted amount. (a) Prepare a responsibility report for the Home Division. (List variable costs before fixed costs. Round ROI to 2 decimal places, e.g. 1.57%.) CONCORD COMPANYHome…
Use the following information for Exercises 9-50 and 9-51: Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for 475, and the S12L5 sells for 300. Projected sales (number of speakers) for the coming 5 quarters are as follows: The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Exercise 9-50 Sales Budget Refer to the information regarding Stillwater Designs above. Required: 1. Prepare a sales budget for each quarter of 20X1 and for the year in total. Show sales by product and in total for each time period. 2. CONCEPTUAL CONNECTION How will Stillwater Designs use this sales budget?