ABC Company is preparing its master budget for 2014. Relevant data pertaining to its sales, I production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales, as a percentage of total sales, are 20%, 25%, 30%, and 25%, respectively. The sales price is expected to be 50 per unit for the first three quarters and 55 per unit beginning in the fourth quarter. Sales in the first quarter of 2015 are expected to be 10% higher than the budgeted sales for the first quarter of 2014. Production. Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales volume.

You are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year. In December of the prior year, sales were forecasted as follows: January, 108 units; February, 103 units; March, 110 units; April, 115 units; May, 122 units; June, 130 units. In January of the current year, sales for the months February through June were reforecasted as follows: February, 98 units; March, 110 units; April, 110 units; May, 112 units; June, 125 units. In February of the current year, sales for the months March through June were reforecasted as follows: March, 105 units; April, 110 units; May, 107 units; June, 125 units. In March of the current year, sales for the months April through June were reforecasted as follows: April, 110 units; May, 102 units; June, 115 units. In April of the current year, sales for the months May and June were reforecasted as follows: May, 92 units; June, 110 units. In May of the current year, sales for June…

Riverbed Company expects to produce 1,272,000 units of Product XX in 2022. Monthly production is expected to range from 84,800 to 127,200 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. Prepare a flexible manufacturing budget for the relevant range value using 21,200 unit increments. (List variable costs before fixed costs. Activity Level Finished Units RIVERBED COMPANY Monthly Flexible Manufacturing Budget For the Year 2022 84800 106000 127200 Variable Costs Direct Materials $ 424000 530000 636000 Direct Labor Overhead 508800 636000 763200 678400 848000 1017600 Total Variable Costs 1611200 2014000 2416800 Fixed Costs Depreciation Supervision Total Fixed Costs Total Costs +A 424000 424000 424000 424000 636000 2247200 $ 212000 636000 2650000 EA 212000 636000 3052800

You are given the following budgeted and actual data for the Grey Company for each of the months January through June of the current year. In December of the prior year, sales were forecasted as follows: January, 95 units; February, 90 units; March, 97 units; April, 102 units; May, 109 units; June, 117 units. In January of the current year, sales for the months February through June were reforecasted as follows: February, 85 units; March, 97 units; April, 97 units; May, 99 units; June, 112 units. In February of the current year, sales for the months March through June were reforecasted as follows: March, 92 units; April, 97 units; May, 94 units; June, 112 units. In March of the current year, sales for the months April through June were reforecasted as follows: April, 97 units; May, 89 units; June, 102 units. In April of the current year, sales for the months May and June were reforecasted as follows: May, 79 units; June, 97 units. In May of the current year, sales for June were…

Merchant Industries is preparing its master budget for 2016. Relevant data pertaining to its sales budget are as follows: Sales for the year are expected to total 8,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be increased to $2.20 per unit in the second quarter. Instructions Prepare a sales budget for 2016 for Merchant Industries.