A 10 UPM-41A (simuar to) The Gediwy The Company manages for boys tres for saying for the next year by developing a master budget byter dance sheet for December 2024 Come to the west) Other data for de fire Company te konto w dota) Requirement. Praesent and catch budget for 2005 byter Regen budget des budget praction de ces de descuento obodontal and one or boschedule of cash tschen and budget Manufacturing and collected based on directors Begin to the sales budget Seidley The Company For Your Ended December 11025 Fest Second Third Fourth Quarter Quarter Quarter Oiarte 200 1350 1 05 B015 60001 100 000 108.000 Total 5.100 Sempre porn C Pre the production but Gridy Company Choose hom any list et enter any number in the input fields and then to check A. 17 part Gear Search O II E @ o hp + Add to TO US 10 com Data Table More Info Gridley Tire Company Balance Sheet December 31, 2024 Assets Current Assets -Cash 5 45.000 Accounts Recorable 32,000 Raw Materials inventory 5.000 Finished Goods inventory 16 200 Total Current Assets $ Property, plant and Equipment Equipment 155,000 Less Accumulated Depreciation (55.000) Total Assets Liabidities Current Lights Unless otherwise noted, assume all of the towing events occurred during 2004 and that any tances given are stated as of December 31, 2024) Budgeted a 1200 tres for the first quarter and expected to increase by Super guate Cash sales are expected to be 30% of total sales with the remaining 70% of als on account b Finished Goods inventory on December 31, 2004 consists of treat 527ach Desced ending Finished Goods inventory is 10% of the next quarter's Bestuur 2004 care expected be 1400 FIFO inventory costing method is used Raw Materials inventory on December 31, 2024. consists of 1200 pounds of uber compound med d. manufacture the lines Direct mais requirements are two pounds of a nibber compound per tre The cost of the compound is 500 per pound Desred ending Raw Materials inventory is 50% of the next ster's direct tooded for production desired ending inventory for December 31, 2025 is 1200 pounds in materinare t insignificant and not considered for budgeting purposes G. Each tre reguves 0 40 hours of direct labor direct labor costs average 516 per hour n Vanable manufactung overfladis 52 per te Fored manufacturing overhead includes $2.000 per quarter in depreciation and 510,650 per quarter to Che costs, such as utilities, insurance and property taxes Fored sing and administrative expenses include $14,000 per quarter for sales 53.000 porque for rent $1.500 per quarter for insurance, and 51 500 per quarter for depreciation K Variable selling and administrative expenses include supplies at 1 of sales Capital expenditures include $55.000 for new manufacturing equipment to be purchased and pain the fester 99 200 100 000 199,200 Print Done Print Done a O I OL E + hop + Add to Data Table x More Info 99 200 100.000 199,200 Accounts Receivable 32.000 Raw Materials inventory 5.000 Finished Goods inventory 15200 Total Current Assets $ Property. Plant and Equipment Equipment 155,000 Less Accumulated Depreciation 55 000 Total Assets Liabilities Current Accounts Payable Stockholders' Equity Common Stock to 5 140,000 464200 Retained Earnings Total Stockholdes Equity Total Lab and Stockholders' Equity Ticant and not considered for US Dorps Each tre requires 040 hours of director direct labor costs average 516 per hour Variable manufacturing overhead is 52 pertine Fred manufacturing overhead inches $2.000 per quartie in depreciation and $10.650 per Other costs such as insurance and property taxes Foedseling and adminstrative penses include $14.000 per quarter for $3,000 per for rent 51 500 per quarter for insurance and St 500 per quarter for depreciation Variable sing and administrative expenses include pat 15 of a Capital expenditures include $55.000 for new manufacturing equipment to be purchased and pain the faster Cash recipes for Saison account 70% in the quarter of the sale and 30 the quarter og the sale December 31, 2024. Accounts Receivables received in the first of 2005 accounts we considered significant and not considered for budgeting purposes Direct matinals purchases are pad 30% in the quarter purchased and 20 in the following our December 31, 2024 Accounts Payable is paid in the first quarter of 2025 Director manufacturing overhead and selling and administrative costs are paid in the are 6 incurred Income tax is procted at $3.000 per quarter and is paid in the quartered Gridhey does to maintain a mim cash balance of $45.000 and borrows to the local needed in increments of S1000 at the beginning of the quarter principal repaya beginning of the quarter when excess funds are able and in increments of $1,000 per year and paid beginning of the quarter based on the amount outstanding from previous 0 quarter 13,009 136200 199 200 Print Done Print Done e search O RI e E * Requirements 1. Prepare Gridley's operating budget and cash budget for 2025 by quarter Required schedules and budgets include: sales budget production budget direct materials budget direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget schedule of cash receipts, schedule of cash payments, and cash budget Manufacturing overhead costs are allocated based on direct labor hours Round all calculations to the nearest dollar 2. Prepare Gridley's annual financial budget for 2025, including budgeted income statement budgeted balance sheet Print Done D Search alt ** o 5:15 4.jpg 1. Pedig 2005 Redes rebut of postbuot ng which Marie 12 Done Ask Expert Tutors Helpful Unhelpful 5:15 3.jpg Ask Expert Tutors Helpful Unhelpful 5:15 2.jpg Ask Expert Tutors Helpful Unhelpful i Requirements 1. Prepare Gridley's operating budget and cash budget for 2025 by quarter. Required schedules and budgets include sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar 2. Prepare Gridley's annual financial budget for 2025, including budgeted income statement and budgeted balance sheet Print Done + Add to >> c & Cota ME Data Table X More info 99 200 100 000 199 200 Accounts Receivable 32.000 Raw Materials Inventory 6000 Finished Goods Inventory 16.200 Total Current Assets $ Property Plant and Equipment Equipment 155,000 Less Accumulated Depreciation (55 000 The Assets $ Liabilities Current Lists Accounts Payable Stockholders' Equity Common Stock, no pat 140.000 Retained Earnings 45.200 Total Stod holders' Equity Total Liabies and Stockholders Equity $ 1 Insigniant and not considered for budgeting purposes Each fire requires 0 40 hours of direct labor direct labor costs average $10 per hour h Variable manufacturing overhead is 52 per tire Fixed manufacturing overhead includes $2,000 per quarter in depreciation and $10,650 per quartier other costs, such as utilities, insurance and property taxes Fixed seling and administrative expenses include $14.000 per quarter for salaries, $3,000 per quante for rent $1 500 per quarter for insurance and $1,500 per quarter for depreciation k Variable selling and administrative expenses include supplies at 1% of sales Capital expenditures include $55,000 for new manufacturing equipment to be purchased and padi 1 the first quarter Cash receipts for sales on account are 70% in the quarter of the sale and 30% in the quarter to owing the sale, December 31, 2024 Accounts Receivable is received in the first quarter of 2025, uncolect m accounts are considered insignificant and not considered for budgeting purposes Direct materials purchases are pad 80% in the quarter purchased and 20% in the following quarter December 31, 2024 Accounts Payable is paid in the first quarter of 2025 Direct labor manufacturing overhead, and selling and administrative costs are paid in the quarter incurred Income tax expenses projected at 53,000 per quarter and is paid in the quarter incurred Gridley desires to maintain a minimum cash balance of $45,000 and borrows liom the local banks needed in increments of $1.000 at the beginning of the quarter, principal payments are made at the beginning of the quarter when excess funds are available and in increments of $1.000 interestis per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter 13 000 188.200 199 200 Print Done Print Done O RE E # hip 10111 compete) Data Table More Info D Gridley Tire Company Balance Sheet December 31, 2024 Assets Current Assets Cas $ 45,000 Account Receivable 32.000 Raw Materials inventory 6.000 Finished Goods inventory 16200 Total Current Assets $ Property Plant, and Equipment Equipment 155.000 Les Accumulated Depreciation (55.000 TA Liabilities Cumbi (Unless otherwise noted, assume ait of the following events occurred during 2024 and that any balances given are stated as of December 31, 2024) Budgeted sales are 1.200 tres for the first quarter and expected to increase by 50 fites per quarter Cash sales are expected to be 30% of total sales with the romaning 70% of sales on account Finished Goods inventory on December 31, 2024 consists of 600 tres at 527 Bach Desired ending Finished Goods Inventory is 40% of the next quarter's sales first quarter sales for 2026 care expected be 1.400 fires FIFO inventory costing methods used Raw Materials inventory on December 31, 2024 consists of 1 200 pounds of rubber compound used to d manufacture the tres Direct materials requirements are two pounds of a rubber compound par toe The cost of the compound is $500 per pound Desired inding Raw Materials inventory is 50% of the next quarter's direct materials needed for production desired ending inventory for December 31, 2025 1 200 pounds, Indirect materials are L insignificant and not considered for budgeting purposes Enchire requires 0.40 hours of direct labor direct labor costs average $10 per hour Vanable manufacturing overhond is 52 per tre Food manufacturing overhead includes $2.000 per quarter in depreciation and 510.650 per quarter for Food selling and administrative expenses include $14,000 per quarter for salaries $3,000 per quanto | Torrent $1,500 per quarter for insurance, and $1,500 per quarter for depreciation Variable seling and administrative expenses include supplies at 15 of salos Capital expenditures include $55.000 for manufacturing equipment to be purchased and paid in there 99,200 100.000 199,200 Print Done Print Done 3 seachi O ! E O INO TAM hip + A 10 2 PM-41A (similar to) Twey como song story Ondoy es tres for 500 Gasparing for the next One data for Grey The Company yone by developegamacher budget by ten anders belance sheet for December 31, 2011 Click the icon to whether data no e converte Red Requirement 1. Prepare described ash budget 2025 by chooses bases de budget production direct boost director budoufacturing conto sebut dens behov och schedule of shments, and chudget Marlowed med andre or hours Round women Begin by rengete Gridley Te Company Budget For the Year Ended December 31, 2018 First Second Third Fourt Quarter Quarter Quarter Quarter Total Dursus 1.200 85 10S SOS 05 9.000 100.000 10000 100000000 10 ce the producing Geidy The Company Ce bon dyster enter any tube terput fields and then click. Check 17 Clear Al RC O RI el 9. + A 10 UPM-41A (simuar to) The Gediwy The Company manages for boys tres for saying for the next year by developing a master budget byter dance sheet for December 2024 Come to the west) Other data for de fire Company te konto w dota) Requirement. Praesent and catch budget for 2005 byter Regen budget des budget praction de ces de descuento obodontal and one or boschedule of cash tschen and budget Manufacturing and collected based on directors Begin to the sales budget Seidley The Company For Your Ended December 11025 Fest Second Third Fourth Quarter Quarter Quarter Oiarte 200 1350 1 05 B015 60001 100 000 108.000 Total 5.100 Sempre porn C Pre the production but Gridy Company Choose hom any list et enter any number in the input fields and then to check A. 17 part Gear Search O II E @ o hp + Add to TO US 10 com Data Table More Info Gridley Tire Company Balance Sheet December 31, 2024 Assets Current Assets -Cash 5 45.000 Accounts Recorable 32,000 Raw Materials inventory 5.000 Finished Goods inventory 16 200 Total Current Assets $ Property, plant and Equipment Equipment 155,000 Less Accumulated Depreciation (55.000) Total Assets Liabidities Current Lights Unless otherwise noted, assume all of the towing events occurred during 2004 and that any tances given are stated as of December 31, 2024) Budgeted a 1200 tres for the first quarter and expected to increase by Super guate Cash sales are expected to be 30% of total sales with the remaining 70% of als on account b Finished Goods inventory on December 31, 2004 consists of treat 527ach Desced ending Finished Goods inventory is 10% of the next quarter's Bestuur 2004 care expected be 1400 FIFO inventory costing method is used Raw Materials inventory on December 31, 2024. consists of 1200 pounds of uber compound med d. manufacture the lines Direct mais requirements are two pounds of a nibber compound per tre The cost of the compound is 500 per pound Desred ending Raw Materials inventory is 50% of the next ster's direct tooded for production desired ending inventory for December 31, 2025 is 1200 pounds in materinare t insignificant and not considered for budgeting purposes G. Each tre reguves 0 40 hours of direct labor direct labor costs average 516 per hour n Vanable manufactung overfladis 52 per te Fored manufacturing overhead includes $2.000 per quarter in depreciation and 510,650 per quarter to Che costs, such as utilities, insurance and property taxes Fored sing and administrative expenses include $14,000 per quarter for sales 53.000 porque for rent $1.500 per quarter for insurance, and 51 500 per quarter for depreciation K Variable selling and administrative expenses include supplies at 1 of sales Capital expenditures include $55.000 for new manufacturing equipment to be purchased and pain the fester 99 200 100 000 199,200 Print Done Print Done a O I OL E + hop + Add to Data Table x More Info 99 200 100.000 199,200 Accounts Receivable 32.000 Raw Materials inventory 5.000 Finished Goods inventory 15200 Total Current Assets $ Property. Plant and Equipment Equipment 155,000 Less Accumulated Depreciation 55 000 Total Assets Liabilities Current Accounts Payable Stockholders' Equity Common Stock to 5 140,000 464200 Retained Earnings Total Stockholdes Equity Total Lab and Stockholders' Equity Ticant and not considered for US Dorps Each tre requires 040 hours of director direct labor costs average 516 per hour Variable manufacturing overhead is 52 pertine Fred manufacturing overhead inches $2.000 per quartie in depreciation and $10.650 per Other costs such as insurance and property taxes Foedseling and adminstrative penses include $14.000 per quarter for $3,000 per for rent 51 500 per quarter for insurance and St 500 per quarter for depreciation Variable sing and administrative expenses include pat 15 of a Capital expenditures include $55.000 for new manufacturing equipment to be purchased and pain the faster Cash recipes for Saison account 70% in the quarter of the sale and 30 the quarter og the sale December 31, 2024. Accounts Receivables received in the first of 2005 accounts we considered significant and not considered for budgeting purposes Direct matinals purchases are pad 30% in the quarter purchased and 20 in the following our December 31, 2024 Accounts Payable is paid in the first quarter of 2025 Director manufacturing overhead and selling and administrative costs are paid in the are 6 incurred Income tax is procted at $3.000 per quarter and is paid in the quartered Gridhey does to maintain a mim cash balance of $45.000 and borrows to the local needed in increments of S1000 at the beginning of the quarter principal repaya beginning of the quarter when excess funds are able and in increments of $1,000 per year and paid beginning of the quarter based on the amount outstanding from previous 0 quarter 13,009 136200 199 200 Print Done Print Done e search O RI e E * Requirements 1. Prepare Gridley's operating budget and cash budget for 2025 by quarter Required schedules and budgets include: sales budget production budget direct materials budget direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget schedule of cash receipts, schedule of cash payments, and cash budget Manufacturing overhead costs are allocated based on direct labor hours Round all calculations to the nearest dollar 2. Prepare Gridley's annual financial budget for 2025, including budgeted income statement budgeted balance sheet Print Done D Search alt ** o 5:15 4.jpg 1. Pedig 2005 Redes rebut of postbuot ng which Marie 12 Done Ask Expert Tutors Helpful Unhelpful 5:15 3.jpg Ask Expert Tutors Helpful Unhelpful 5:15 2.jpg Ask Expert Tutors Helpful Unhelpful i Requirements 1. Prepare Gridley's operating budget and cash budget for 2025 by quarter. Required schedules and budgets include sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar 2. Prepare Gridley's annual financial budget for 2025, including budgeted income statement and budgeted balance sheet Print Done + Add to >> c & Cota ME Data Table X More info 99 200 100 000 199 200 Accounts Receivable 32.000 Raw Materials Inventory 6000 Finished Goods Inventory 16.200 Total Current Assets $ Property Plant and Equipment Equipment 155,000 Less Accumulated Depreciation (55 000 The Assets $ Liabilities Current Lists Accounts Payable Stockholders' Equity Common Stock, no pat 140.000 Retained Earnings 45.200 Total Stod holders' Equity Total Liabies and Stockholders Equity $ 1 Insigniant and not considered for budgeting purposes Each fire requires 0 40 hours of direct labor direct labor costs average $10 per hour h Variable manufacturing overhead is 52 per tire Fixed manufacturing overhead includes $2,000 per quarter in depreciation and $10,650 per quartier other costs, such as utilities, insurance and property taxes Fixed seling and administrative expenses include $14.000 per quarter for salaries, $3,000 per quante for rent $1 500 per quarter for insurance and $1,500 per quarter for depreciation k Variable selling and administrative expenses include supplies at 1% of sales Capital expenditures include $55,000 for new manufacturing equipment to be purchased and padi 1 the first quarter Cash receipts for sales on account are 70% in the quarter of the sale and 30% in the quarter to owing the sale, December 31, 2024 Accounts Receivable is received in the first quarter of 2025, uncolect m accounts are considered insignificant and not considered for budgeting purposes Direct materials purchases are pad 80% in the quarter purchased and 20% in the following quarter December 31, 2024 Accounts Payable is paid in the first quarter of 2025 Direct labor manufacturing overhead, and selling and administrative costs are paid in the quarter incurred Income tax expenses projected at 53,000 per quarter and is paid in the quarter incurred Gridley desires to maintain a minimum cash balance of $45,000 and borrows liom the local banks needed in increments of $1.000 at the beginning of the quarter, principal payments are made at the beginning of the quarter when excess funds are available and in increments of $1.000 interestis per year and paid at the beginning of the quarter based on the amount outstanding from the previous quarter 13 000 188.200 199 200 Print Done Print Done O RE E # hip 10111 compete) Data Table More Info D Gridley Tire Company Balance Sheet December 31, 2024 Assets Current Assets Cas $ 45,000 Account Receivable 32.000 Raw Materials inventory 6.000 Finished Goods inventory 16200 Total Current Assets $ Property Plant, and Equipment Equipment 155.000 Les Accumulated Depreciation (55.000 TA Liabilities Cumbi (Unless otherwise noted, assume ait of the following events occurred during 2024 and that any balances given are stated as of December 31, 2024) Budgeted sales are 1.200 tres for the first quarter and expected to increase by 50 fites per quarter Cash sales are expected to be 30% of total sales with the romaning 70% of sales on account Finished Goods inventory on December 31, 2024 consists of 600 tres at 527 Bach Desired ending Finished Goods Inventory is 40% of the next quarter's sales first quarter sales for 2026 care expected be 1.400 fires FIFO inventory costing methods used Raw Materials inventory on December 31, 2024 consists of 1 200 pounds of rubber compound used to d manufacture the tres Direct materials requirements are two pounds of a rubber compound par toe The cost of the compound is $500 per pound Desired inding Raw Materials inventory is 50% of the next quarter's direct materials needed for production desired ending inventory for December 31, 2025 1 200 pounds, Indirect materials are L insignificant and not considered for budgeting purposes Enchire requires 0.40 hours of direct labor direct labor costs average $10 per hour Vanable manufacturing overhond is 52 per tre Food manufacturing overhead includes $2.000 per quarter in depreciation and 510.650 per quarter for Food selling and administrative expenses include $14,000 per quarter for salaries $3,000 per quanto | Torrent $1,500 per quarter for insurance, and $1,500 per quarter for depreciation Variable seling and administrative expenses include supplies at 15 of salos Capital expenditures include $55.000 for manufacturing equipment to be purchased and paid in there 99,200 100.000 199,200 Print Done Print Done 3 seachi O ! E O INO TAM hip + A 10 2 PM-41A (similar to) Twey como song story Ondoy es tres for 500 Gasparing for the next One data for Grey The Company yone by developegamacher budget by ten anders belance sheet for December 31, 2011 Click the icon to whether data no e converte Red Requirement 1. Prepare described ash budget 2025 by chooses bases de budget production direct boost director budoufacturing conto sebut dens behov och schedule of shments, and chudget Marlowed med andre or hours Round women Begin by rengete Gridley Te Company Budget For the Year Ended December 31, 2018 First Second Third Fourt Quarter Quarter Quarter Quarter Total Dursus 1.200 85 10S SOS 05 9.000 100.000 10000 100000000 10 ce the producing Geidy The Company Ce bon dyster enter any tube terput fields and then click. Check 17 Clear Al RC O RI el 9. +