Completing a Master Budget
Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter:
a. As of December 31 (the end of the prior quarter), the company’s general ledger showed the following account balances:
Debits
Credits
Cash
$ 48,000
Accounts receivable
224,000
Inventory
60,000,
Buildings and equipment (net)
370,000
Accounts payable
$ 93,000
Capital stock
500,000
Retained earnings
_______
109,000
$702,000
$702,000
b. Actual sales for December and budgeted sales for the next four months are as follows:
December (actual)
$280,000
January
$400,000
February
$600,000
March
$300,000
April
$200,000
c. Sales are 20% for cash and 80% on credit. All payments on credit sales are collected in the month following sale. The accounts receivable at December 31 are a result of December credit sales.
d. The company’s gross margin is 40% of sales. (In other words, cost of goods sold is 60% of sales.)
e. Monthly expenses are budgeted as follows: salaries and wages, $27,000 per month: advertising, $70,000 per month; shipping, 5% of sales; other expenses, 3% of sales. Depreciation, including depreciation on new assets acquired during the quarter, will be $42,000 for the quarter.
f. Each month’s ending inventory should equal 25% of the following month’s cost of goods sold.
g. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
h. During February, the company will purchase a new copy machine for $1,700 cash. During March, other equipment will be purchased for cash at a cost of $84,500.
i. During January, the company will declare and pay $45,000 in cash dividends.
j. Management wants to maintain a minimum cash balance of $30,000. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.
Required:

Using the data above, complete the following statements and schedules for the first quarter:

1. Schedule of expected cash collections:
January
February
March
Quarter
Cash sales

$ 80,000







Credit sales

224,000







Total cash collections

$304,000







2. a. Merchandise purchases budget:




January

February

March

Quarter

Budgeted cost of goods sold

$240,000*

$360,000





Add desired ending inventory

90,000f







Total needs

330,000







Less beginning inventory

60,000







Required purchases

$270,000







___________

*$400,000 sales X 60% cost ratio =$240,000.

†$360,000 X 25% = $90,000.

b. Schedule of expected cash disbursements for merchandise purchases:




January

February

March

Quarter

December purchases

$ 93,000





$ 93,000

January purchases

135,000

135,000



270,000

February purchases









March purchases









Total cash disbursements for purchases

$228,000







3. Schedule of expected cash disbursements for selling and administrative expenses:




January

February

March Quarter
Salaries and wages
$ 27,000
Advertising
70,000
Shipping
20,000
Other expenses
12,000
Total cash disbursements for
selling and administrative expenses
$129,000
4. Cash budget:
January
February
March Quarter
Cash balance, beginning
$ 48,000
Add cash collections
304,000
Total cash available
352,000
Less cash disbursements:
Purchases of i nventory
228,000
Selling and administrative
expenses
129,000
Purchases of equipment
_____
Cash dividends
45,000
Total cash disbursements
402,000
Excess (deficiency) of cash
Financing: Etc.
(50,000)
5. Prepare an absorption costing income statement for the quarter ending March 31 as shown in Schedule 9 in the chapter.
6. Prepare a balance sheet as of March 31.

Answers

Answer 1

Answer:

heuer7eguejeu7 said she had a good to


Related Questions

Business writing must be clear and specific instead of vague, pretentious, or
to the reader.
A.familiar
B.simple
C.understandable
D.unfamiliar

Answers

D unfamiliar c c c c cc’s

explain why maximizing Production does not always maximize profit​

Answers

When the price to produce a product is higher than the income the product, makes, money is lost. Just how too little supply is dangerous to a company, so is too much. A balance between supply and demand is essential to maximize profit.

Find m2V.


V


W


(2x + 29)


(10x – 27)°


Y

Answers

Answer:

31x

17x

Explanation:

we should add 2x+29

we should subtract 10x and 27

what the number of units to be produced it the firm desires to make a profit of birr 10,000 assuming the fixed cost, variable cost, per unit and selling price per unit are 50,000 birr 10 and birr 20 respectively.​

Answers

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6000 units, the number of units to be produced it the firm desires to make a profit of birr 10,000 assuming the fixed cost, variable cost, per unit and selling price per unit are 50,000 birr 10 and birr 20 respectively.

What is the variable cost?

A variable cost is a business expense that varies according to how much a business provides or sells. Variable costs rise or fall in relation to a company's manufacturing or sales volume, rising as production increases and falling as production drops. Variable cost is defined as the type of cost that varies according to changes in the production levels.

According to the given amount are the based on the

sales = variable cost + fixed cost + profit

(20X) =  (10X) + (50000) + (10000)

sales = 6000 units

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what is the definition of organization ? Briefly explain each part of the definition?​

Answers

organization isn a group or team that works together to accomplish a task

Nathen’s home office

Answers

Answer:

Today, the Chinese own Armour and the famous Smithfield hams, together with the most quintessential American brand of all: Nathan's Famous hot dogs, with its iconic annual eating contest. ... It remains the largest total acquisition of a U.S. company by the Chinese.

Explanation:

Provide some examples of the application of the following from a to f in the hospitality or travel businesses.

a. Volume discounts.


b. Discounts based on time of purchase.

c. Psychological pricing.

d. initiating price increases.

e. buyer reactions to price changes.

f. competitor reactions to price changes.​

Answers

Answer:

weight of discount

disfount on festival offer

O False
QUESTION 2
Management is the process of coordinating people and other resources.
O True
O False
QUESTION 2

Answers

Answer:

True

Explanation:

Managing is to look over and control people or things to be sure everyone/everything works as intended.

The process of coordinating the individuals and the related resources is to be considered as management.

Option A is correct.

What is coordination?

Coordination is the act of harmonizing and maintains a healthy synchronization between the activities and the workforce performing them.

The management is the method of synchronize and administer the working roles assigned to the team members or the workforce. This could be done by making a good hierarchy where it directs the work force to whom they are going to report.

Therefore, the provided statement is true.

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Chester has negotiated a new labor contract for the next round that will affect the cost for their product Coat. Labor costs will go from $2.95 to $3.55 per unit. Assume all period and other variable costs remain the same. If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Coat would need to be sold next round to break even on the product

Answers

Based on the fact that Chester decides to absorb the new labor cost, the units needed to breakeven would be 1,566 units.

The current fixed costs are $8,346.

The current contribution margin is $11,401

The units sold are:

= Sales / Selling price

= 30,785 / 16

= 1,924 units

The new contribution margin would be:

= Current contribution margin - Increase in labor costs

= 11,401 - ( (3.55 - 2.95) x 1,924)

= $10,255.60

Breakeven point is:

= Fixed costs / Contribution margin per unit

= 8,346 / (10,255.60÷ 1,924 units)

= 1,566 units

In conclusion, the breakeven point is 1,566 units

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Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

Answers

There are different ways used by people to modify behavior.  behavior modification may Thato need to implement is punishment.

Behavior modification is simply known to be act of changing the behavioral trend via the use different means such as learning techniques, positive or negative reinforcement, punishment etc.

Punishment is often done to weaken a specific behaviors. This is done through the linking of an unpleasant stimulus to a behavior. Example is Maya losing her job for not meeting her target

See full question below

Thato, a manager for an insurance company, was disappointed in Miya, one of his direct reports. Miya’s job is to sell insurance, but she did not meet her quota for calls to potential new customers in the last month. Thato let Miya know that, “If this continues in the next 30 days, you’ll probably be let go.” Which behavior modification may Thato need to implement?

a- negative reinforcement

b- punishment

c- extinction

d- positive reinforcement

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3. Evaluate a couple of local organizations (preferably your employer organization and another organization of your choice) in terms of its emphasis on the strategic operations objectives: cost, quality, delivery, speed and flexibility. Are all departments focused on the same objectives? What are the order winners and the order qualifiers?

Answers

It should be noted that the objectives of companies aren't thesame but rather, they're different.

The objectives of a company simply means the goals that a company wants to achieve. The objectives of companies aren't thesame but rather, they're different.

Companies focus in different objectives such as cost minimization, profit maximization, quality improvement, etc.

It should be noted that the order winners can be quality and cost while for the order qualifiers, this can be delivery and flexibility.

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A useful clue about an organization's culture is

Answers

Answer:

Who is Hired and Fired

Explanation:

If this helped, please give brainliest answer! thanks!

what you might say about each of the following cabins on this cruise liner: interior cabin, ocean-view cabin, balcony cabin, and suite. Keep in mind you want your description to remain neutral and pique guests interests while still remaining honest.

Answers

The question is about the description of different cabins of cruise liner. Following is the description of each cabin,

Interior cabin : An interior cabin is the area of a cruise which has no window. On this cabin visitors can rest and enjoy the peace. There are luxury and relaxing sofas to relax and comfortable bed to have sound sleep.

Ocean view cabin : An Ocean view cabin is outside cabin which has window to look at the sea. It has luxury couch to sit and enjoy the pleasant view of the ocean.

Balcony Cabin : It is room of a cruise which has separate balcony attached to the room. However the balcony is small in size and there is space of only two chairs but the experience of viewing the ocean from it is unforgettable.

Guest can sit and enjoy their drinks while having beautiful view of ocean waves along with sea breeze.

Suite : This is largest room of the cruise and guests can experience special luxury perks in this room. The suite is a large room of the cruise which has separate lounge and sometimes separate swimming pool too.

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The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21 Sold merchandise on account to Black Tie Co., $29,400. The cost of merchandise sold was $17,640. Mar. 18 Accepted a 60-day, 6% note for $29,400 from Black Tie Co. on account. May 17 Received from Black Tie Co. the amount due on the note of March 18. June 15 Sold merchandise on account to Pioneer Co. for $15,700. The cost of merchandise sold was $9,420. 21 Loaned $6,000 cash to JR Stutts, receiving a 30-day, 8% note. 25 Received from Pioneer Co. the amount due on the invoice of June 15. July 21 Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.) Sept. 19 Received from JR Stutts the amount due on her note of July 21. 22 Sold merchandise on account to Wycoff Co., $60,000. The cost of merchandise sold was $36,000. Oct. 14 Accepted a 60-day, 6% note for $60,000 from Wycoff Co. on account. Nov. 13 Wycoff Co. dishonored the note dated October 14. Dec. 28 Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note. Required: Journalize the entries to record the transactions. Assume 360 days in a year. If an amount box does not require an entry, leave it blank.Jan. 21-sale Jan. 21-cost Mar. 18 May 17 June 15-sale June 15-cost June 21 June 25 July 21 Sept. 19- note Sept. 22-sale Sept. 22-cost Oct. 14 Nov. 13 Dec. 28

Answers

The journal entries for the transactions by Danix co during the year, using a 360-day year are as follows:

Jan. 21 Debit Accounts Receivable (Black Tie Co.) $29,400

Credit Sales Revenue $29,400

Debit Cost of Goods Sold $17,640

Credit Inventory $17,640

Mar. 18 Debit Note Receivable (Black Tie Co.) $29,400

Credit Accounts Receivable (Black Tie Co.) $29,400

60-day, 6% note

May 17 Debit Cash $29,694

Credit Note Receivable (Black Tie Co.) $29,400

Credit Interest Revenue $294

June 15 Debit Accounts Receivable (Pioneer Co.) $15,700

Credit Sales Revenue $15,700

Debit Cost of Goods Sold $9,420

Credit Inventory $9,420

June 21 Debit 8% Note Receivable (JR Stutts) $6,000

Credit Cash $6,000

a 30-day, 8% note.

June 25 Debit Cash $15,700

Credit Accounts Receivable (Pioneer Co.) $15,700

July 21 Debit Cash $40

Credit Interest Revenue $40 ($6,000 x 8% x 30/360)

9% Note Receivable (JR Stutts) $6,000

Credit 8% Note Receivable (JR Stutts) $6,000

To record the exchange with a 60-day, 9% note.

Sept. 19 Debit Cash $6,090

Credit 9% Note Receivable (JR Stutts) $6,000

Credit Interest Revenue $90

($6,000 x 9% x 60/360)

Sept. 22 Debit Accounts Receivable (Wycoff Co.) $60,000

Credit Sales Revenue $60,000

Debit Cost of Goods Sold $36,000

Credit Inventory $36,000

Oct. 14 Debit 6% Note Receivable (Wycoff Co.) $60,000

Credit Accounts Receivable (Wycoff Co.) $60,000

Accepted a 60-day, 6%

Dec. 13 Debit Accounts Receivable (Wycoff Co.) $60,600

Credit Interest Receivable $600

Credit 6% Note Receivable (Wycoff Co.) $60,000

Dec. 28 Debit Cash $60,903

Credit Interest Receivable $600

Credit Accounts Receivable (Wycoff Co.) $60,600

Credit Interest Revenue $303

($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.

Data Analysis:

Jan. 21 Accounts Receivable (Black Tie Co.) $29,400 Sales Revenue $29,400

Cost of Goods Sold $17,640 Inventory $17,640

Mar. 18 Note Receivable (Black Tie Co.) $29,400 Accounts Receivable (Black Tie Co.) $29,400 60-day, 6% note

May 17 Cash $29,694 Note Receivable (Black Tie Co.) $29,400 Interest Revenue $294

June 15 Accounts Receivable (Pioneer Co.) $15,700 Sales Revenue $15,700 Cost of Goods Sold $9,420 Inventory $9,420

June 21 8% Note Receivable (JR Stutts) $6,000 Cash $6,000 a 30-day, 8% note.

June 25 Cash $15,700 Accounts Receivable (Pioneer Co.) $15,700

July 21 Cash $40 Interest Revenue $40 ($6,000 x 8% x 30/360)

9% Note Receivable (JR Stutts) $6,000 8% Note Receivable (JR Stutts) $6,000

60-day, 9% note

Sept. 19 Cash $6,090 9% Note Receivable (JR Stutts) $6,000 Interest Revenue $90 ($6,000 x 9% x 60/360)

Sept. 22 Accounts Receivable (Wycoff Co.) $60,000 Sales Revenue $60,000

Cost of Goods Sold $36,000 Inventory $36,000

Oct. 14 6% Note Receivable (Wycoff Co.) $60,000 Accounts Receivable (Wycoff Co.) $60,000

Accepted a 60-day, 6%

Dec. 13 Accounts Receivable (Wycoff Co.) $60,600 Interest Receivable $600 6% Note Receivable (Wycoff Co.) $60,000

Dec. 28 Cash $60,903 Interest Receivable $600 Accounts Receivable (Wycoff Co.) $60,600Interest Revenue $303 ($60,600 x 12% x 15/360) interest for 15 days at 12% computed on the maturity value of the note.

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Early economies could be described as

Answers

Answer:

sad and poorly constructed

Explanation:

early economies tended to have people in specific jobs because of their gender, age, and race. so it didn't really matter what the people were good at or wanted to do because they had to do a specific job.

Which of the following is a type of intellectual property?

Answers

Answer:

house

Explanation:

Give 3 sample of best practice, how airline can improve "Cost" efficiency?

Answers

It is called "cost efficiency" to the way in which a company, through specific commercial organization actions, manages to reduce the costs necessary to obtain a certain profit.

Thus, they seek to minimize the costs and operational losses of the company, with the aim of maximizing profits.

In this way, 3 ways in which an airline could increase its cost efficiency are:

fly to places with high demand, reducing presence in not so popular destinations. reduce the time on the ground for each plane, so that it generates money almost constantly. perform optimal maintenance on each plane, to avoid breakages.

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20) Tudor's Deli and Catering could have sold their delivery van on December 31, 2010 for $16,000. If they
could sell the same van on December 31, 2011, for $13,000, then the economic depreciation in 2011 for this
van

Answers

Answer:

13000-16000=3000

The property depreciated for 18.75 percent

The fastest-growing economy in the world in 2017 was ________. Group of answer choices Sierra Leone Afghanistan Macau China Libya

Answers

The world's fastest-growing economy in 2017 was China.

The People's Republic of China is a country located in East Asia that stands out for being one of the world powers and has experienced great economic growth in recent years.

China is characterized by having a mixed economic system in which it combines aspects of capitalism and the free market with aspects of socialism. During the revolution, China had a socialist political and economic system.

When their leader Mao died, political leaders began to modify aspects of the socialist economy by creating a mixed economy model that caused its rapid growth. A sample of this is that between 2001 and 2010 its growth was 10.5% and in 2017 it was 6.5%.

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Which of the following is an inductive argument? Bruce is not feeling well. If Bruce is ill, he will not be able to attend classes today. Therefore, Bruce will not attend classes today. There are seven employees that are on assignment today. There are two employees that are in the office. There are no other employees. Therefore, there are nine employees. Michael and Laura and their two children make a family of four. Michael and Laura have blond hair. Their children have blond hair, too. Thus, all members of the family have blond hair. My new cell phone charges to full capacity in 30 minutes. My best friend’s new cell phone does the same thing, and so does my sister’s. It follows that all new cell phones recharge in 30 minutes.

Answers

That which is an inductive argument is: My new cell phone charges to full capacity in 30 minutes. My best friend’s new cell phone does the same thing, and so does my sister’s. It follows that all new cell phones recharge in 30 minutes.

An inductive argument makes some premises that are believed to be true. It finally ends with a conclusion that is thought to stem from the premises.

The speaker believes that the conclusion is not wrong because the premises are true. Option D is an inductive argument.

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DeAnna is the supervisor for the engineering team at her company. A task comes down from her leadership to allocate funding by noon that day. She doesn't have time to discuss this with the team, so she allocates the money where she sees fit. What management approach does this best exemplify

Answers

Answer: the answer is authority rule

What is true about money?

Answers

Answer:

A medium of exchange; it allows people to obtain what they need to live.

Explanation:

Money is a medium of exchange; it allows people to obtain what they need to live. Bartering was one way that people exchanged goods for other goods before money was created. Like gold and other precious metals, money has worth because for most people it represents something valuable.

A commodity that is widely acknowledged as a means of economic exchange is money.

What do you mean by True?

Reality, truth. The phrase "in true" and "out of true" both refer to the quality or state of accuracy, which is most often used with the.

Money serves as both a medium of transaction and a store of value. People agree to give money worth only when they consent to do so. Even while money and financial accounts may not have any worth on their own, when everyone decides to use them, money gains value.

Money performs a number of tasks including serving as a standard of deferred payment, a unit of account, a store of value, and a medium of exchange.

Therefore, Money is a commodity that is frequently used as a medium of economic exchange.

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A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We can conclude that: The elasticity of demand can be estimated as Answer

Answers

Answer:

Estimated as Elastic Demand

Explanation:

Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis

Answers

The amount allocated to ending inventory is $3664.

LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.

Total inventory sold = 40 + 26 = 68 units Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100 Ending inventory = 100 - 68 = 32Value of ending inventory = (22 x $112) + (10 x $120)

$2464 + $1200 = $3664

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Patti, a high school student, watches a financial show on television. The host has a college degree in business. The show is about how teenagers who start saving early have a big advantage. This information is _____.

Answers

this information is true

Compare the job of an order-taker at a fast-food restaurant, marketing manager of the telecommunication sector, police officer, and CEO of a multinational firm, using the job characteristics model. Give your recommendations on how the characteristics of the least motivating job/jobs could be improved?

Answers

Answer:

i think

Explanation:

Perhaps the earliest attempt to design jobs came during the era of scientific management. Scientific management is a philosophy based on the ideas of Frederick Taylor as presented in his 1911 book, Principles of Scientific Management. Taylor’s book is among the most influential books of the 20th century; the ideas presented had a major influence over how work was organized in the following years. Taylor was a mechanical engineer in the manufacturing industry. He saw work being done haphazardly, with only workers in charge. He saw the inefficiencies inherent in employees’ production methods and argued that a manager’s job was to carefully plan the work to be performed by employees. He also believed that scientific methods could be used to increase productivity. As an example, Taylor found that instead of allowing workers to use their own shovels, as was the custom at the time, providing specially designed shovels increased productivity. Further, by providing training and specific instructions, he was able to dramatically reduce the number of laborers required to handle each job.

Select True or False for each of the following statements about Types of Fraud, Scams, and Money Laundering
Red Flags.

Answers

Answer:

You Need To Provide More Information on the Question For An Answer

Explanation:

Not Information

define rent-seeking and show how it is related to elasticity​

Answers

Answer:

What Is Rent Seeking?

Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.

Key takeaways

Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.Rent seeking comes in many forms from lobbying or donating funds.For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.

 

Partners X, Y and Z have capital balances of $80, 000, $180,000 and $60,000 respectively. Immediately prior to liquidation. Total remaining assets have a book value of $320,000 and assume liabilities have been paid. There is one remaining asset with a fair market value of $70,000. All three partners agree to share profit and loss equally. Z wishes to take the asset with him and start a new business and would accept $70,000 in cash; the remaining partners agree this would be fair. How much cash in addition to the asset would first be distributed to Z before any of the other partners receive anything? a. $100,000 b. $240,000 c. $30,000 d. $50,000

Answers

The cash distributed to Partner Z before the other partners is $60,000.

Data and Calculations:

Book value of assets = $320,000

Fair value of asset = $70,000

                                                     X              Y                Z             Total

Capital balances                $80,000   $180,000  $60,000    $320,000

Total assets available for distribution                                     $390,000

Assets assumed by Z                                          ($70,000)     ($70,000)

Balance                                                                                    $320,000

Distribution to partners  $80,000   $180,00   $60,000    $320,000

Cash distribution to partners depends on the cash realized from the assets.

Thus, the cash distributed to Partner Z before the other partners is $60,000.

Learn more about cash distributions to partners upon a partnership liquidation here: https://brainly.com/question/22693552

On January 1, 2022, the Sunland Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022.
Sales units: First quarter 5,700; second quarter 6,840; third quarter 7,980.
Ending raw materials inventory: 40% of the next quarter's production requirements.
Ending finished goods inventory: 25% of the next quarter's expected sales units.
Third-quarter production: 8,330 units.
The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound.
Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2022.

Answers

The preparation of Sunland Company's Direct Materials Budget for the First and Second Quarters ended June 30, 2022 is as follows:

                                    First Quarter  Second Quarter

Ending raw materials        12,654             9,996 (3,332 x 3)

Production requirement  26,505            31,635 (10,545 x 3)

Materials available           39,159              41,631

Beginning inventory        10,602             12,654

Purchases                       28,557             28,977

Cost of purchases     $114,228         $115,908 ($28,977 x $4)

Data and Calculations:

                                   First Quarter  Second Quarter   Third Quarter    Total

Sales units                        5,700                 6,840                   7,980

Ending inventory               1,710                  1,995

Units available for sale    7,410                  8,835

Beginning inventory        1,425                   1,710                    1,995

Production requirement 8,835               10,545                    8,330

Thus, the direct materials budget for Sunland Company is prepared as above.

Learn more: https://brainly.com/question/25693547

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