Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: a. Estimated sales for May: Bicycle helmet 9,500 units at $24 per unit Motorcycle helmet 6,250 units at $185 per unit b. Estimated inventories at May 1: Direct materials:         Finished products:        Plastic   1,480  lbs.      Bicycle helmet   200 units at $15 per unit    Foam lining   520  lbs.      Motorcycle helmet   100 units at $90 per unit   c. Desired inventories at May 31: Direct materials:         Finished products:        Plastic   2,000  lbs.      Bicycle helmet   400 units at $15 per unit    Foam lining   800  lbs.      Motorcycle helmet   300 units at $100 per unit   d. Direct materials used in production: In manufacture of bicycle helmet:    Plastic   0.90 lb. per unit of product    Foam lining   0.20 lb. per unit of product In manufacture of motorcycle helmet:    Plastic   3.50 lbs. per unit of product    Foam lining   1.40 lbs. per unit of product   e. Anticipated cost of purchases and beginning and ending inventory of direct materials: Plastic   $4.40 per lb. Foam lining   $0.90 per lb.   f. Direct labor requirements: Bicycle helmet:    Molding Department   0.30 hr. at $15 per hr.    Assembly Department   0.10 hr. at $14 per hr. Motorcycle helmet:    Molding Department   0.50 hr. at $15 per hr.    Assembly Department   0.40 hr. at $14 per hr.   g. Estimated factory overhead costs for May: Indirect factory wages   $125,000     Power and light   $23,000 Depreciation of plant and equipment   45,000     Insurance and property tax   11,000   h. Estimated operating expenses for May: Sales salaries expense   $175,000 Advertising expense   120,000 Office salaries expense   92,000 Depreciation expense—office equipment   6,000 Miscellaneous expense—selling   5,000 Utilities expense—administrative   3,000 Travel expense—selling   50,000 Office supplies expense   2,500 Miscellaneous administrative expense   1,500   i. Estimated other income and expense for May: Interest revenue   $14,560 Interest expense   3,000 Prepare a direct labor cost budget for May. Jupiter Helmets Inc.Direct Labor Cost BudgetFor the Month Ending May 31   Molding Department Assembly Department Total Hours required for production:       Bicycle helmet fill in the blank bfe82a0c7fd3ffb_1 fill in the blank bfe82a0c7fd3ffb_2   Motorcycle helmet fill in the blank bfe82a0c7fd3ffb_3 fill in the blank bfe82a0c7fd3ffb_4   Total fill in the blank bfe82a0c7fd3ffb_5 fill in the blank bfe82a0c7fd3ffb_6   Hourly rate $fill in the blank bfe82a0c7fd3ffb_7 $fill in the blank bfe82a0c7fd3ffb_8   Total direct labor cost $fill in the blank bfe82a0c7fd3ffb_9 $fill in the blank bfe82a0c7fd3ffb_10 $fill in the blank bfe82a0c7fd3ffb_11  Prepare a factory overhead cost budget for May. Jupiter Helmets Inc.Factory Overhead Cost BudgetFor the Month Ending May 31 Indirect factory wages $fill in the blank 163fa8f9f032004_1 Depreciation of plant and equipment fill in the blank 163fa8f9f032004_2 Power and light fill in the blank 163fa8f9f032004_3 Insurance and property tax fill in the blank 163fa8f9f032004_4 Total $fill in the blank 163fa8f9f032004_5

Subject- accounting

Flexible Budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $64,800 and property tax of $36,000 for 3,600 hours of production. The department actually completed 4,300 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 120,400 X Feedback Check My Wirk Remember that a flexible budget is constructed by first identifying the relevant activity levels, secondly identifying the fixed and variable cost components of the costs being budgeted, and then preparing the budget for each activity level.

Budgeted income statement and supporting budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller,treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income .statement for March: a. Estimated sales for March  Batting helmet 1,200 units at $40 per unit Football Helmet 6,500 units at $160 per unit b. Estimated inventories at March 1: Direct materials   Finished products:   Plastic 90 lb Batting helmet 40 units at $25 per unit Foam lining 80 lb Football helmet 240 units at $77 per unit   c. Desired inventories at March 31: Directmaterials:   Finishedproducts:   Plastic 50lb. Batting helmet 50 units at $25 per unit Foam lining 65lb. Football Helmet 220 its at $78 per unitd. Direct materials used inproduction: In manufacture ofbatting helmet:   Plastic 1.20 lb. per unit of product Foam lining 0.50 lb. per unit of product In manufacture offootball helmet…

part 3 of previous   Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit Estimated inventories at March 1: Direct materials:   Plastic 90 lb.   Foam lining 80 lb. Finished products:   Batting helmet 40 units at $25 per unit   Football helmet 240 units at $77 per unit Desired inventories at March 31: Direct materials:   Plastic 50 lb.   Foam lining 65 lb. Finished products:   Batting helmet 50 units at $25 per unit   Football helmet 220 units at $78 per unit Direct materials used in production: In manufacture of batting helmet:   Plastic 1.20 lb. per unit of product   Foam lining 0.50 lb. per unit…

answer must be in table and written format or down vote will be given

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:  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  Estimated inventories at July 1: Direct materials: Grates 290 units Stainless steel   1,500 lbs.   Burner subassemblies 170 units Shelves 340 units Finished products: Backyard Chef 30 units Master Chef 32 units  Desired inventories at July 31: Direct materials: Grates 340 units Stainless steel…

please answer parts 5 and 6 from this practice problem

Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales, costs, and expenses for the fiscal year beginning January 1, 20Y9, the following tentative trial balance as of December 31, 20Y8, is prepared by the Accounting Department of Regina Soap Co.: Cash $105,900     Accounts Receivable 204,400     Finished Goods 42,900     Work in Process 28,600     Materials 47,000     Prepaid Expenses 3,500     Plant and Equipment 526,300     Accumulated Depreciation—Plant and Equipment     $226,300 Accounts Payable     149,100 Common Stock, $10 par     350,000 Retained Earnings     233,200   $958,600   $958,600 Factory output and sales for 20Y9 are expected to total 26,000 units of product, which are to be sold at $90 per unit. The quantities and costs of the inventories at December 31, 20Y9, are expected to remain unchanged from the balances at the beginning of the year. Budget estimates of manufacturing costs and operating…

Budget Performance Reports for Cost Centers Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: