**Vista Electronics, Inc. Coil Manufacturing Data**Vista Electronics, Inc. produces two types of coils used in electric motors. The following data was compiled by Erica Becker, the controller, for the fall of the current year.### Sales Forecast for 20x0(All units to be shipped in 20x0)- **Product: Light coil** - Units: 52,000 - Price: $220- **Product: Heavy coil** - Units: 32,000 - Price: $320### Raw-Material Prices and Inventory Levels- **Expected Inventories as of January 1, 20x0:** - Sheet Metal: 30,000 lb - Copper Wire: 27,000 lb - Platform: 5,200 units- **Desired Inventories by December 31, 20x0:** - Sheet Metal: 34,000 lb - Copper Wire: 30,000 lb - Platform: 6,200 units- **Anticipated Purchase Prices:** - Sheet Metal: $14 per lb - Copper Wire: $8 per lb - Platform: $4 per unit### Use of Raw Material(Amount Used per Unit)- **Light Coil:** - Sheet Metal: 5 lb - Copper Wire: 3 lb - Platform: 2 units- **Heavy Coil:** - Sheet Metal: 6 lb - Copper Wire: 4 lb - Platform: 2 units### Direct-Labor Requirements and Rates- **Light Coil:** - Hours per Unit: 5 - Rate per Hour: $10- **Heavy Coil:** - Hours per Unit: 7 - Rate per Hour: $15### Finished-Goods Inventories (in units)- **Expected Inventory as of January 1, 20x0:** - Light Coil: 17,000 - Heavy Coil: 9,500- **Desired Inventory by December 31, 20x0:** - Light Coil: 22,000 - Heavy Coil: 10,500This data provides a comprehensive overview of the production, raw material needs, and labor requirements needed for the upcoming year, aiding in planning and forecasting for Vista Electronics, ### Finished-Goods Inventories (in units):- **Product** - **Light Coil** - **Expected (January 1, 20x0):** 17,000 - **Desired (December 31, 20x0):** 22,000 - **Heavy Coil** - **Expected (January 1, 20x0):** 9,500 - **Desired (December 31, 20x0):** 10,500### Production Overhead:- **Overhead Cost Item** - **Purchasing and Material Handling:** $0.80 per pound of sheet metal and copper wire purchased - **Depreciation, Utilities, and Inspection:** $7.00 per coil produced (either type) - **Shipping:** $1.00 per coil shipped (either type) - **General Production Overhead:** $5.00 per direct-labor hour ### Problem 9-39 Part 55. **Prepare the Direct-Labor Budget (in dollars) for 20x0.**#### Direct-Labor Budget for 20x0:- **Projected Production (units)** - Light Coils: [Data to be added] - Heavy Coils: [Data to be added] - **Hours per Unit** - Light Coils: [Data to be added] - Heavy Coils: [Data to be added] - **Total Hours** - Light Coils: [Data to be added] - Heavy Coils: [Data to be added] - **Rate**: [Data to be added]- **Total Cost** - Overall Total: $0

Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 52,000 32,000 Price $ 220 320 Product Light coil Heavy coil • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 30,000 lb. 27,000 lb. 5,200 units Desired Inventories, December 31, 20x0 34,000 lb. 30,000 lb. 6,200 units Anticipated Purchase Price $ 14 Raw Material Sheet metal Copper wire Platform 8 • Use of raw material: Light Coil 5 lb. 3 lb. Amount Used per Unit Нeavy Coil 6 lb. 4 lb. 2 unit Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Hours per Unit Light coil Нeavy coil Rate per Hour $ 10 15 7

Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 52,000 32,000 Price $ 220 320 Product Light coil Heavy coil • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 30,000 lb. 27,000 lb. 5,200 units Desired Inventories, December 31, 20x0 34,000 lb. 30,000 lb. 6,200 units Anticipated Purchase Price $ 14 Raw Material Sheet metal Copper wire Platform 8 • Use of raw material: Light Coil 5 lb. 3 lb. Amount Used per Unit Нeavy Coil 6 lb. 4 lb. 2 unit Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Hours per Unit Light coil Нeavy coil Rate per Hour $ 10 15 7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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