Question 6 View Policies Current Attempt in Progress Crane Company determines that 59000 pounds of direct materials are needed for production in July. There are 3700 pounds of direct materials on hand at July 1 and the desired ending inventory is 3300 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? ort $175800 O $180600. O $178200. O $173400. ea Chp ins prt sc fho 12 home delete % 5 & 7 backspace lock T P hom G H K enter B pause t shift ctri NM N
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- Refer to Cornerstone Exercise 8.6. Required: 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. 2. Prepare a cost of goods sold budget for Play-Disc for the year. 3. What if the beginning inventory of finished goods was 75,200 (for 16,000 units)? How would that affect the cost of goods sold budget? (Assume Play-Disc uses the FIFO method.) Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 285,000 of them. Budgeted beginning inventory in units is 16,000 with unit cost of 4.75. (There are no beginning or ending inventories of work in process.) Required: 1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. 2. What if sales increased to 290,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory.Refer to Cornerstone Exercise 8.2 for the production budgets for practice balls and match balls. Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKicks policy is that 20 percent of the following months production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: 1. Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. 2. What if FlashKick decreased the ending inventory percentage to 15 percent of the next months production needs? What impact would that have on the direct materials purchases budgets prepared in Requirement 1? Refer to Cornerstone Exercise 8.1, through Requirement 1. FlashKick requires ending inventory of product to equal 20 percent of the next months unit sales. Beginning inventory in January was 3,100 practice soccer balls and 400 match soccer balls. Required: 1. Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year. 2. What if FlashKick wanted a production budget for the two product lines for the month of April? What additional information would you need to prepare this budget?Flexible Budget for Various Levels of Production Budgeted amounts for the year: Required: 1. Prepare a flexible budget for 3,500, 4,000, and 4,500 units. 2. CONCEPTUAL CONNECTION Calculate the unit cost at 3,500, 4,000, and 4,500 units. (Note: Round unit costs to the nearest cent.) What happens to unit cost as the number of units produced increases?
- Sales, production, direct materials purchases, and direct labor cost budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July is summarized as follows: A. Estimated sales for July by sales territory: Maine: Backyard Chef............................. 310 units at 700 per unit Master Chef............................... 150 units at 1,200 per unit Vermont: Backyard Chef............................. 240 units at 750 per unit Master Chef............................... 110 units at 1,300 per unit New Hampshire: Backyard Chef............................. 360 units at 750 per unit Master Chef............................... 180 units at 1,400 per unit B. Estimated inventories at July 1: Direct materials: Finished products: Grates..................... 290 units Backyard Chef........ 30 units Stainless steel.............. 1,500 lbs. Master Chef........... 42 units Burner subassemblies...... 170 units Shelves.................... 340 units C. Desired inventories at July 31: Direct materials: Finished products: Grates......................... 340 units Backyard Chef........ 40 units Stainless steel.................. 1,800 lbs. Master Chef........... 20 units Burner subassemblies.......... 155 units Shelves........................ 315 units D. Desired materials used in production In manufacture of Backyard Chef: Grates........................................ 3 units per unit of product Stainless steel................................. 24 lbs. per unit of product Burner subassemblies......................... 2 units per unit of product Shelves....................................... 4 units per unit of product In manufacture of Master Chef: Grates........................................ 6 units per unit of product Stainless steel................................. 42 lbs. per unit of product Burner subassemblies......................... 4 units per unit of product Shelves....................................... 5 units per unit of product E. Anticipated purchase price for direct materials: Grates................. 15 per unit Stainless steel.......... 6 per lb. Burner subassemblies...... 110 per unit Shelves.................... 10 per unit F. Desired labor requirements: Backyard Chef: Stamping Department...................... 0.50 hr. at 17 per hr. Forming Department....................... 0.60 hr. at 15 per hr. Assembly Department...................... 1.00 hr. at 14 per hr. Master Chef: Stamping Department...................... 0.60 hr. at 17 per hr. Forming Department....................... 0.80 hr. at 15 pr hr. Assembly Department...................... 1.50 hrs. at 14 per hr. Instructions 1. Prepare a sales budget for July. 2. Prepare a production budget for July. 3. Prepare a direct materials purchases budget for July. 4. Prepare a direct labor cost budget for July.Question Content Area Echo Amplifiers prepared the following sales budget for the first quarter of 2018: Jan. Feb. Mar. Units 900 1,100 1,400 Sales price $100 $100 $100 Budgeted sales $90,000 $110,000 $140,000 It also has this additional information related to its expenses: Direct material per unit $1.50 Direct labor per unit 2 Variable manufacturing overhead per hour 0.40 Fixed manufacturing overhead per month 2,900 Sales commissions per unit 16 Sales salaries per month 4,900 Delivery expense per unit 0.50 Factory utilities per month 5,000 Administrative salaries per month 19,000 Marketing expenses per month 7,000 Insurance expense per month 10,000 Depreciation expense per month 9,000 Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018. Enter all amounts as positive numbers. Echo AmplifiersSales and Administrative BudgetFor the Quarter Ending March 31, 2018 January February March…QUESTION 1 New Norm Fashion produces washable face mask shield. The following budgeted/ actual information is provided regardingto the production of face mask: RM/unit Selling price 50.00 Direct materials 8.00 Direct labour 5.00 Variable production overheads 3.00 Details of its operations for the month of May and June 2021 are as follows: May June Production 500 380 Sales 300 500 Fixed production overheads are budgeted at RM4,000 per month and are absorbed on a unit basis. The normal level of production is budgeted at 400 units per month. Other costs: RM/month Fixed selling 4,000 Fixed administration 2,000 Variable sales commission 5% of sales revenue There was no opening inventory of face mask at the beginning of May. Required: (a) Prepare income statement for the month of May and June using (i) variable costing (ii) absorption costing (b) Prepare a reconciliation of profit or loss figures based on your answers in a(i) and (c)Describe a situation where net profit under variable…
- 6 Required information SB Exercise E8-5 to E8-10 [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 600 sun shades in May and 350 in June. Each shade sells for $142. Shadee's beginning and ending finished goods inventories for May are 65 and 45 shades, respectively. Ending finished goods inventory for June will be 65 shades. E8-7 (Algo) Preparing Direct Labor and Manufacturing Overhead Budgets [LO 8-3d] Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $14 per unit produced. Required: 1. Prepare Shadee's direct labor budget for May and June. ces 2. Prepare Shadee's manufacturing overhead budget for May and June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare Shadee's direct labor budget for May and June. Note: Do not…sions Question 10 --/1 ences View Policies prations Current Attempt in Progress LUS Support Vaughn Manufacturing's budgeted manufacturing costs for 40000 squares of shingles are: S. entral 365 Fixed manufacturing costs $12000 Variable manufacturing costs $16 per square Vaughnproduced 30000 squares of shingles during March. How much are budgeted total manufacturing costs in March? O $652000 O $492000 O $640000 O $480000 searchData Year 2 Quarter Year 3 Quarter 1 2 3 4 1 2 Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 • Selling price per unit • Accounts receivable, beginning balance • Sales collected in the quarter sales are made • Sales collected in the quarter after sales are made • Desired ending finished goods inventory is • Finished goods inventory, beginning • Raw materials required to produce one unit • Desired ending inventory of raw materials is • Raw materials inventory, beginning • Raw material costs • Raw materials purchases are paid and • Accounts payable for raw materials, beginning balance $12 per unit $65,000 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 •Direct labor cost per hour •Direct labor hour per unit $15 per hour 0.2 hour per unit $2 per hour $60,000 •Variable MOH rate…
- -/1 Question 13 View Policies Current Attempt in Progress The following information is taken from the production budget for the first quarter ort 1400 Beginning inventory in units 356000 Sales budgeted for the quarter Capacity in units of production facility 402000 How many finished goods units should be produced during the quarter if the company desires 3400 units available to start the next quarter? O 359400 O 354000 O 404000 O 358000 8:4 11/2元 hp C A II prt sc delete home end & 7 6 backspace lock home K snter 4 usned t shit end alt ctri IQuestion Content AreaCoral Corporation sells a single product. Budgeted sales for the year are anticipated to be 650,000 units, estimated beginning inventory is 99,000 units, and desired ending inventory is 85,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows: Material Unit Amount Material A 0.50 lb. per unit @ $0.60 per pound Material B 1.00 lb. per unit @ $1.70 per pound Material C 1.20 lb. per unit @ $1.00 per pound The amount of direct material B purchased during the year is a. $1,057,400 b. $ 763,000 c. $1,081, 200 d. $954,000Question Content Area Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 621,000 units, estimated beginning inventory is 108,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are as follows:Material A 0.50 lb. per unit @ $0.73 per poundMaterial B 1.00 lb. per unit @ $1.86 per poundMaterial C 1.20 lb. per unit @ $1.21 per poundThe dollar amount of material A used in production during the year is a. $1,116,000 b. $871,200 c. $226,665 d. $219,000
