Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on...

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Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on account and 35% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $531,000 for April, $541000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $302.000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales Sales on account 35% 65% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from Cash sales Collection of accounts receivable Total budgeted cash receipts

Tempo Companys fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following. Fixed Budget. S2,814,000 Sales (14,000 units) Cost of goods sold Direct materials Direct labor Production supplies Plant manager salary 322,000 616,000 378,000 122,00438-000 Gross profit Selling expensea 1376,000 Sales commiasions Packaging Advertising 112,000 210,000 100,000422,000 Adminiatrative expensen Administrative salaries Depreciation-office equip. Insurance Office rent 172,000 142,000 112,000 122.000548 000 Income trom operations $ 406,000 Complete the following flexible budgets for sales volumes of 12,000, 14.000, and 16.000 units. (Round cost per unit to 2 decimal places) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 Flexible Budget Flexible Budget at Amount per Total Fised 12.000 units 14.00 unit varibtlee Total fixed 12,000 units 14,000 units 16.000 Cost Unit Variable costs

Complete the following flexible budgets for sales volumes of 12.000, 14,000, and 16,000 units. (Round cost per unit to 2 decimal places.) TEMPO COMPANY Flexible Budgets For Quarter Ended March 31, 2017 -Flexible Budget- Flexible Budget at-- Variable 16,000 Total Fixed 12,000 units 14,000 units units Cost Unit Variable costs: Fixed costs

Farrow Co. expects to sell 500,000 units of its product in the next period with the following results. Sales (500,000 units) Costs and expenses 7,500,000 Direct materials Direct labor Overhead Selling expenses Administrative expenses 1,000,000 2,000,000 500,000 750,000 1,285,000 5,535-000 $1,965,000 Total costa and expenses Net income The company has an opportunity to sell 50.000 additional units at $12 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be the same for the additional units as they are for the regular uni However, the additional volume would create the following incremental costs: (1) total overhead would increase by 16% and (2) administrative expenses would increase by $215,000, Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $12 per u Normal Volume Additional Combined Volume Total Costs and expenses: Total costs and expenses Incremental income (loss) from new business

The company has an opportunity to sell 50,000 additional units at $12 per unit. The additional sales would not affect its current expected sales. Direct materials and labor costs per unit would be the same for the additional units as they are for the regular administrative expenses would increase by $215,000. Calculate the combined total net income if the company accepts the offer to sell additional units at the reduced price of $12 per onal volume would create the following incremental costs 1 total overhead would increase by 16% and 2) AdditionalCombined Normal Volume Volume Costs and expenses: Total costs and expenses Incremental income (loss) from new business Should the company accept or reject the offer? The company should reject the offer The company should accept the offer

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