=+Beginning inventory 1/1/2015 Ending inventory 31/12/2015 Wood 500 b.m. 375 b.m.

Fibreglass 800 metres 1600 metres Variable manufacturing overhead is $14 per direct manufacturing labour-hour. There are also $132000 in fixed manufacturing overhead costs budgeted for 2015. Slopes Ltd combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labour-hours. Variable marketing costs are allocated at the rate of $250 per sales visit. The marketing plan calls for 30 sales visits during 2015. Finally, there are $30000 in fixed non-manufacturing costs budgeted for 2015.

Other data include:

2014 unit price 2015 unit price Wood $112.00 per b.m. $120.00 per b.m.

Fibreglass $6 per metre $6.25 per metre Direct manufacturing labour $48.00 per hour $50.00 per hour The inventoriable unit cost for ending finished goods inventory on 31 December 2014 is $580.80. Assume Slopes Ltd uses a FIFO inventory method for both direct materials and finished goods. Ignore work in process in your calculations.

Budgeted balances at 31 December 2015, in the selected accounts are:

Cash $10 000 Property, plant and equipment (net) 850 000 Current liabilities 17 000 Non-current liabilities 178 000 Shareholders’ equity 844 000 Required 1 Prepare the 2015 revenues budget (in dollars).