Bigelow Company has just begun business and needs to generate a sales forecast (in units) for their first quarter of operations. Sales forecast for the Bigelow Company are:
Jan. 20,000
Feb. 40,000
March 80,000
Apr. 50,000
ADDITIONAL INFORMATION
a. Ending finished goods inventory should be equal to one half of next month’s sales projection.
b. Each unit requires 3 pounds of material at a cost of $5 per pound.
c. Labor cost is $10 per unit produced.
d. Ending raw material inventory should be equal to twenty percent of next months material requirement.
e. Factory overhead is $25,000 per month of which $10,000 is for depreciation.
f. All costs are paid in the month incurred except purchases which are paid in the following month.
g. Selling Price per unit is $50. All sales are on account with collections estimated at 10% in the month of sale, 60% the month following the sale, 25% the second following month and 5% are uncollectable.
h. Bigelow began the business with $50,000 in cash and requires an ending cash balance of at least $5,000. Bigelow can borrow money from a local bank in $1,000 increments at an interest rate of 1% per month.
REQUIRED:
1. Prepare a sales budget for Jan. through March
2. Prepare a production budget for Jan. through March.
3. Prepare a purchases budget for Jan. through March.
4. Prepare a cash budget for Jan. through March.
Repeat requirements 1-4 for each of the following four assumptions. ( A total of 5 cash budgets).
Ending Finished Goods Ending Raw Material Raw Material Cost
Inventory Inventory per pound
A. 20% 20% $6
B. 30% 30% $4
C. 40% 50% $5
D. 10% 10% $3
use: Managerial Accounting 14E- Garrison, Noreen, Brewer book
Why Choose Us
Quality Papers
We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.
Professional Academic Writers
Over the years, MyEssay.Help has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.
Affordable Prices
Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.
On-Time delivery
We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.
100% Originality
At MyEssay.help, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.
Customer Support 24/7
Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@myessay.help.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
MyEssay.help has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
Essays
At MyEssay.help, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.
Admissions
Admission and Business Papers
Be assured that you’ll definitely get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.
Editing
Editing and Proofreading
Our skilled editing and writing team will help you restructure you paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.
Coursework
Technical papers
We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as much details as possible in the place order section.