Prepare the sales budget. ORIOLE FARM SUPPLY COMPANY Sales Budget For the Six Months Ending June 30, 2020 Quarter Six 1 Months Expected Unit Sales Unit Selling Price 2$ 24

Orchid Corporation produces pre-packed meal boxes with three pre-made dishes and one soup per meal box. The pre-made dishes and the soup in each meal box are decided and designed by Orchid Corporation and the meal boxes are ordered through Orchid Corporation’s website. The company’s operating budget for March 2021 included these data:   Number of meal boxes     15,000 Selling price per box $         20 Variable cost per box $           8 Fixed costs for the month $145,000   The actual results for March 2021 were as follows:   Number of checkbooks produced and sold     12,000 Average selling price per box $         21 Variable cost per box $           7 Fixed costs for the month $150,000   The executive vice president of the company observed that the operating income for March was much lower than anticipated, despite a higher-than-budgeted selling price and a lower-than-budgeted variable cost per unit. As the company’s management…

Need help finding the Direct Materials budget. I included a photo of what i have so far.

Oriole Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020. 1.   Sales: quarter 1, 28,400 bags; quarter 2, 44,000 bags. Selling price is $62 per bag. 2.   Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.80 per pound and 6 pounds of Tarr at $1.50 per pound. 3.   Desired inventory levels:   Type of Inventory   January 1   April 1   July 1 Snare (bags)   8,100   12,500   18,300 Gumm (pounds)   9,100   10,400   13,100 Tarr (pounds)   14,300   20,200   25,400   4.   Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5.   Selling and administrative expenses are expected to be 15% of sales plus $180,000 per quarter. 6.   Interest expense is $100,000. 7.   Income taxes are expected to be 30% of income before income taxes. Your assistant has prepared two budgets: (1)…

Eliot Sprinkler Systems produces equipment for lawn irrigation. One of the parts used in selected Eliot equipment is a specialty nozzle. The budgeting team is now determining the purchase requirements and monthly cash disbursements for this part. Eliot wishes to have in stock enough nozzles to use for the coming month. On August 1, the company has 16,800 nozzles in stock, although the latest estimate for August production indicates a requirement for only 15,000 nozzles. Total uses of the nozzle are expected to be 14,700 in September and 15,540 in October. Nozzles are purchased at a wholesale price of $8. Eliot pays 25 percent of the purchase price in cash in the month when the parts are delivered. The remaining 75 percent is paid in the following month. Eliot purchased 21,000 parts in July. Required: a. Estimate purchases of the nozzle (in units) for August and September. b. Estimate the cash disbursements for nozzles in August and September.

Scholar Suppliers manufactures backpacks for students. The backpacks come in two sizes: Small, and Large. Scholar Suppliers anticipates the following sales volumes and prices for the coming period: Size Sales Volume Selling Price Small 3,000 backpacks $25 each Large 6,000 backpacks $75 each What is the budgeted level of revenue for the coming period?

Alpesh

Tucker Inc. needs 5kg of meat to make its dog treats per unit of product. Management wants materials on hand at the end of each month equal to 10% of the following month's production On March 31, 13,000 kg of material are on hand. Material cost is $0.40 per kg How much raw material needs to be purchased in April given the following production budget April May June July Production 26,000 46, 000 29, 000 101, 000 13, 000 140,000 153, 000 26,000

ank Assistant ​Printers, Inc., produces luxury checkbooks with three checks and stubs per page. Each checkbook is designed for an individual customer and is ordered through the​ customer's bank. The​ company's operating budget for September 2020 included these​ data: The budgeted amounts for September 2020 ​were:   Number of checkbooks 20,000 Selling price per book $25 Variable cost per book $6 Fixed costs for the month $125,000   The actual results for September 2020 were as​ follows:   Number of checkbooks produced and sold 16,900 Average selling price per book $27 Variable cost per book $5 Fixed costs for the month $131,000 Prepare a​ static-budget-based variance analysis of the September performance.   Begin with the actual​ results, then compute the static budget and the​ static-budget variances. Label each variance as favorable or unfavorable.?   Units sold Revenues Variable costs Contribution margin Fixed costs…

Shadee Corporation expects to sell 510 sun shades in May and 320 in June. Each shade sells for $148. Shadee's beginning and ending finished goods inventories for May are 90 and 55 shades, respectively. Ending finished goods inventory for June will be 70 shades. E8-8 (Algo) Preparing Cost of Goods Sold Budget [LO 8-3f] Each shade requires a total of $50.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 100 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $14 per hour. Additionally, Shadee's fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $13 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per…