1. Crow Manufacturers, Inc. projected sales of 64,363 bicycles for 2012. The estimated January 1, 2012 inventory is 5,278 units, and the desired December 31, 2012 inventory is 6,383 units. What is the budgeted production (in units) for 2012?

2. Sweet Dreams, Inc. manufactures bedding sets. The budgeted production is for 47,800 comforters in 2012. Each comforter requires 1.5 hours to cut and sew the material. If cutting and sewing labor costs $16.00 per hour, determine the direct labor budget for 2012.

3. Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales are budgeted to be $18,800 for March and $52,100 for April, what are the budgeted cash receipts from sales on account for April?

4. Trumpet Company produced 4,200 units of product that required 2.8 standard hours per unit. The standard variable overhead cost per unit is $5.30 per hour. The actual variance factory overhead was $61,080. Determine the variable factory overhead controllable variance. Enter a FAVORABLE variance as a negative number.

5. The following data is from the Ace Guitar Company for the A and B regions.

	A Region	B Region
Sales	$773,500	$416,500
Cost of goods sold	293,900	158,300
Selling expenses	185,600	100,000

Service department expenses
Purchasing			$199,900
Payroll accounting			133,300

Allocate service department expenses proportional to the sales of each region.

A Region

$

B Region

6. The materials used by the Hibiscus Company Division A are currently purchased from outside supplier at $52 per unit. Division B is able to supply Division A with 17,500 units at a variable cost of $50 per unit. The two divisions have recently negotiated a transfer price of $48 per unit for the 17,500 units. By how much will each division's income and the company's total income change as a result of this transfer? Enter an increase as a positive number and a decrease as a negative number.

Change in income for Division A	$
Change in income for Division B	$
Total change in income for Hibiscus Company

7. Diamond Company produces a chair that requires 4 yds. of material per unit. The standard price of one yard of material is $13.60. During the month, 7,600 chairs were manufactured, using 29,800 yards at a cost of $14.42. Enter FAVORABLE variances as negative numbers.

(a) Determine the price variance.	$	Favorable or Unfavorable?
(b) Determine the quantity variance.	$	Favorable or Unfavorable?
(c) Determine the cost variance. $ Favorable or Unfavorable? 8. Japan company produces lamps that require three standard hours per unit at an hourly rate of $16.40 per hour. If 4,600 units required 14,210 hours at an hourly rate of $16.90 per hour. Enter FAVORABLE variances as negative numbers. a. direct labor rate variance? b. direct labor time variance? c. the cost variance? If you could help me figure out how to do these, that would be great. Please show work so that I know how to do it. I cant figure these out.