Wildhorse Enterprises is a portable hot tub manufacturer. The company Anderson, the company's sales manager, prepared the following sales forecast for 2021. The forecasted sales prices include a 5 percent increase in the 2-person spa price and a 10 percent increase in the 4-person spa price, to cover anticipated increases in raw materials prices. 2-person spa 4-person spa (a) on spas: geted sales price Your answer is partially correct. Prepare Wildhorse's sales budget for 2021. geted sales price ✓ drevenue on spas: Sales Price geted sales orice geted sales price v geted sales price $1,400 $2,700 1revenue 1st Quarter 650 S 350 10 1st Quarter 2nd Quarter 3rd Quarter 550 250 910000 490000 1400000 650 Units 250 2nd Quarter 4th Quarter 910000 350000 1260000 1000 750 350 S SA 10 3rd Quarter 1050000 490000 1540000 000 S 10 S 1
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- Garcia Corporation manufactures a drink bottle, model CL24. During 2020, Garcia produced 190,000 bottles at a total cost of $674,500. Beecher Corporation has offered to supply as many bottles as Garcia wants at a cost of $3.45 per bottle. Garcia anticipates needing 205,000 bottles each year for the next few years. Read the requirements. Requirement 1a. What is the average cost of manufacturing a drink bottle in 2020? How does it compare to Beecher's offer? The average cost of per bottle is than Beacher's offer Requirement 1b. Can Garcia use the answer in requirement 1a to determine the cost of manufacturing 205,000 drink bottles? Explain. take the average manufacturing cost in 2020 to determine the total cost of manufacturing 205,000 drink bottles. The reason is that Garcia Requirement 2. Garcia's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the drink bottle as the dependent variable and drink bottles…Swifty Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Patricia Johnson, the company’s sales manager, prepared the following sales forecast for 2022. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices. Sales Price 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Acoustic guitar sales $1,200 200 280 320 350 Electric guitar sales $2,150 400 350 320 360 Please help me fill out the red shown in the picture.In today's fast-paced business environment, decision making is a critical task for managers. Making the right decisions is vital to the success of a company, and it requires access to relevant information. Cari Pump (CP) Company manufactures water pumps. An important part of the pump is its electronic component (EC). Cari Pump collects data with the following cost information about the costs of making ECs in 2019 and the expected costs in 2020: Current Costs (2019) Expected Costs (2020) Fixed manufacturing cost Fixed manufacturing overhead costs that can be avoided if ECs are not made Fixed manufacturing overhead costs of plant depreciation, insurance, and administration that cannot be avoided even if ECs are not made Variable manufacturing costs Direct material cost per EC Direct manufacturing labor cost per EC Variable manufacturing cost per batch for setups, Materials handling, and quality control 360,000 850,000 $ 200 60 2,000 360,000 850,000 $ 190 55 1,800
- Coronado Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Sharon Lee, the company’s sales manager, prepared the following sales forecast for 2022. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices. Sales Price 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Acoustic guitar sales $1,250 240 270 310 340 Electric guitar sales $2,100 400 350 320 360 On December 31, 2021, Coronado had 30 acoustic guitars in stock—fewer than the desired inventory level of 96 guitars, based on the following quarter’s sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2023. Prepare the 2022 production budget for acoustic guitars. Production…Relling Corporation manufactures a drink bottle, model CL24. During 2017, Relling produced 210,000 bottles at a total cost of $808,500. Kraff Corporation has offered to supply as many bottles as Relling wants at a cost of $3.75 per bottle. Relling anticipates needing 225,000 bottles each year for the next few years. Q. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles?Coronado Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Sharon Lee, the company’s sales manager, prepared the following sales forecast for 2022. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices. Sales Price 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Acoustic guitar sales $1,250 240 270 310 340 Electric guitar sales $2,100 400 350 320 360 (a) Prepare Coronado’s sales budget for 2022. Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Acoustic: select a sales budget item enter a number of units enter a number of units…
- Lifewear, a manufacturer of women's sports clothes, is considering adding a line of skirts and jackets. The production would take place in a part of its factory that is currently not being used. The first output would be available in time for the 2021 fall season. The following information is available. Answer parts (a) through (d). New Product Line Information First cost in 2020 ($) Planned output (units/year) 15,500,000 320,000 Observed, current dollar MARR before tax 0.25 Study period 6 years Year 2020 Prices ($/unit) Materials 11 Labour 8.75 Output 35 a. What is the real internal rate of return? (This is most easily done with a spreadsheet.) The real internal rate of return is about percent. (Round to one decimal place as needed.) b. What inflation rate will make the real MARR equal to the real internal rate of return? The inflation rate would need to be about percent. (Round to two decimal places as needed.) c. Calculate the present worth of the project under three possible future…PT Franklin is a company that produces clone iPhones. The 2 products produced are the iPhone 11 Pro Max and iPhone 12 Pro Max. The iPhone 11 Pro Max sells for $ 300, while the iPhone 12 Pro Max sells for $ 325. The following is the income statement for the period of December 31, 2020 according to variable cost calculations for the two products with sales information for the 11 Pro Max of 20,000 units and the iPhone 12 Pro Max of 25,000 units. Required:a. Compile a segmented income statement for the two products!b. Prepare an income statement if the iPhone 12 Pro Max product is discontinued!c. Should production of the iPhone 12 Pro Max be stopped? give reasons and prove it with your calculation!d. If the company stops selling the iPhone 12 Pro Max and then has an impact on the iPhone 11 Pro Max sales increase of 25%, compile an income statement!e. Should the production of the iPhone 12 Pro Max be stopped when referring to point d, give reasons!PT Franklin is a company that produces clone iPhones. The 2 products produced are the iPhone 11 Pro Max and iPhone 12 Pro Max. The iPhone 11 Pro Max sells for $ 300, while the iPhone 12 Pro Max sells for $ 325. The following is the income statement for the period of December 31, 2020 according to variable cost calculations for the two products with sales information for the 11 Pro Max of 20,000 units and the iPhone 12 Pro Max of 25,000 units. Required:a. If the company stops selling the iPhone 12 Pro Max and then has an impact on the iPhone 11 Pro Max sales increase of 25%, compile an income statement!b. Should the production of the iPhone 12 Pro Max be stopped when referring to point a, give reasons!
- Sitaram Company manufactures and sells adjustable canopies that attach to motor homes and trailers. The market covers both new unit purchasers as well as replacement canopies. Sitaram developed its 2019 business plan based on the assumption that canopies would sell at a price of ₹400 each. The variable costs for each canopy were projected to be ₹200, and the annual fixed costs were budgeted at ₹100,000. The goal for Sitaram's after-tax operating profits was ₹240,000; the company's effective tax rate is 40%. While Sitaram's sales usually rise during the second quarter, the May financial statements reported that sales were not meeting expectations. For the first five months of 2019, only 350 units had been sold at the established price, with variable costs as planned. It was clear that the 2019 after-tax operating profit goal would not be reached unless some corrective actions were taken. Sitaram's president assigned a management committee to analyse the situation and develop several…Gonzalez Corporation manufactures a children's bicycle, model CT8. Gonzalez currently manufactures the bicycle frame. During 2023, Gonzalez made 30,000 frames at a total cost of $750,000. Ryan Corporation has offered to supply as many frames as Gonzalez wants at a cost of $23.50 per frame. Gonzalez anticipates needing 33,000 frames each year for the next few years. Required Requirement 1. (a) What is the average cost of manufacturing a bicycle frame in 2023? How does it compare to Ryan's offer? The average cost of $ per frame is than Ryan's offer. (b) Can Gonzalez use the answer in requirement 1a to determine the cost of manufacturing 33,000 bicycle frames? Explain. Gonzalez take the average manufacturing cost in 2023 to determine the total cost of manufacturing 33,000 bicycle frames. The reason is that Requirement 2. Gonzalez's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the bicycle frame as the…Kevian ltd Kenya soft drink manufacturer. The following information has been provided by the cost accountant of the company in relation to a new energy drink Kev-Power that the company is interested in investing in. The company plans to produce 80,000 bottles of Kev-Power and sell 80,000 bottles of Kev-Power during the first year 2021. The company plans to sell each bottle of Kev-Power at Shs.198. The Variable costs for the year in relation to production and sale of the 80,000 bottles of Kev-Power is as provided in the table below. Variable Costs Per Bottle Produced Direct Material Cost Shs 6 per Bottle Direct Labour Cost Shs 3 per Bottle Variable Production overhead cost Shs 3.8 per Bottle Variable Administration overhead cost Shs 2.5 per Bottle Variable Selling & Distribution overhead cost Shs 1.5 per Bottle 4.The Fixed costs for the year in relation to production and sale of the 80,000 bottles of Kev-Power is as provided in the…