90.2K

Verified Solution

Link Copied!

Four easy Managerial Accounting Questions

XYZ Company is anticipating sales of 10.000 units in 20xx, divided equally between the four quarters. With this information in hand, what would be the next step? 0 XYZ can set the selling price of the item, now that they know how many they are going to sell since they know how much cash is needed for the company to pay their bilis 0 Prepare the sales budget with pricing for each unit and sales in dollars for each quarter 10. The production budget can be prepared once you know how many units need to be produced PreviCHIS Mexi Because the sections of the master budget interrelate it is important to: Prepare them in a specific order, since some sections need to be completed to provide information for another budget area. Do each component independently and bring them all together to do the budgeted income statement Give each department the task to complete their own budget, then meet and complete the sales budget together. Previous Next XYZ Company has finished their sales budget but their production manager is unclear on how many items to produce each quarter. What information can you offer to help him? The selling price of the product, so he knows how much money he has to spend on production The beginning finished goods inventory from the prior year, and how many you would like him to have in stock at the end of each period. He can just use the sales number and make exactly what is needed each period, Previous Next FlourPower Bakery is working on their direct materials budget. If they use a pound of flour per loaf of bread, and plant to make 500 loaves of bread, but need 50 pounds in raw material inventory how many pounds of flour should their buyer purchase, assuming there are 100 pounds in their beginning inventory2 200 pounds O 300 pounds 250 pounds Previous Neost

Answer & Explanation Solved by verified expert

See Answer