Acc/561 Wk5 Wileyplus E20-2, E20-5, Be21-4, E22-5
Resource: WileyPLUS
Exercise E20-2
Exercise E20-5
Brief Exercise BE21-4
Exercise E22-5
Question 1 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ- 103 20,000 25,000 XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
ZELLER ELECTRONICS INC.
Sales Budget
For the Six Months Ending June 30, 2010 Quarter 1
Product Units Selling Price Total Sales
XQ-103 20,000 $12 $240,000
XQ-104 12,000 25 300,000
Totals 32,000 $540,000 Quarter 2
XQ-103 25,000 $12 $300,000
XQ-104 15,000 25 375,000
Totals 40,000 $675,000 Six Months
XQ-103 45,000 $12 $540,000
XQ-104 27,000 25 675,000
Totals 72,000 $1,215,000
Question 2 Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000
Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month 's production requirements.
Complete the direct materials purchases budget by month for the first quarter.
MORENO INDUSTRIES
Direct Materials Purchases Budget
For the Quarter Ending March 31, 2011 January February March
Units to be produced 10,000 8,000 5,000
Direct materials per unit × 3 × 3 × 3
Total pounds needed for production 30,000 24,000 15,000
Exercise E20-2
Exercise E20-5
Brief Exercise BE21-4
Exercise E22-5
Question 1 Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ- 103 20,000 25,000 XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
ZELLER ELECTRONICS INC.
Sales Budget
For the Six Months Ending June 30, 2010 Quarter 1
Product Units Selling Price Total Sales
XQ-103 20,000 $12 $240,000
XQ-104 12,000 25 300,000
Totals 32,000 $540,000 Quarter 2
XQ-103 25,000 $12 $300,000
XQ-104 15,000 25 375,000
Totals 40,000 $675,000 Six Months
XQ-103 45,000 $12 $540,000
XQ-104 27,000 25 675,000
Totals 72,000 $1,215,000
Question 2 Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000
Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month 's production requirements.
Complete the direct materials purchases budget by month for the first quarter.
MORENO INDUSTRIES
Direct Materials Purchases Budget
For the Quarter Ending March 31, 2011 January February March
Units to be produced 10,000 8,000 5,000
Direct materials per unit × 3 × 3 × 3
Total pounds needed for production 30,000 24,000 15,000