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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The
following data have been gathered for a particular tile design.
Projected unit sales
Selling price per case
Inventory at the beginning of the quarter
Target inventory at the end of the quarter
Direct labor hours needed to produce one case
Direct labor wages
Direct material cost per case
Variable manufacturing overhead cost per case
Fixed overhead costs for the upcoming quarter
3,600 cases
200
600 cases
800 cases
0.40 hours
15 per hour
16
2$
$
$319,200
10
a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units.
b. What is NuFloor's budgeted variable manufacturing cost per case?
c. Prepare NuFloor's manufacturing cost budget.
d. What is the projected ending inventory value for this particular tile design?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Required D
What is the projected ending inventory value for this particular tile design?
Ending inventory value
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- Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit $ 30 Variable expense per unit $ 19 Fixed expense per month $ 9,570 Unit sales per month 1,020 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)arrow_forwardMolander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month Required: 1. What is the company's margin of safety? $ 27 $ 13 $ 12,040 1,010 Note: Do not round intermediate calculations. 2. What is the company's margin of safety as a percentage of its sales? Note: Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34). 1. Margin of safety (in dollars) 2. Margin of safety percentage %arrow_forward
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