All questions on this assignment pertain to SB Manufacturing (SBM). SBM is a manufacturing 2 company that makes two products, P1 and P2 The objective of this assignment is to work through various component of SBM's Sales and Production budgets for 2021. PART 1 DATA 2021 projected sales: Product Sales (units) Price (each) P1 43,500 $65.00 P2 78,500 $80.00 2 2021 projected Finished Goods inventory balance (units) Product 1/1/21 12/31/21 P1 10,000 9,000 P2 18,000 20,000 Calculate the following forecasts based upon the above data Q1 Forecast Revenues from Product 1 (P1) $ 1,576,000 105 These costs are divided into two cost pools and are assigned to WIP based 106 on the use of predetermined rates. (These are Plant-wide rates.) 107 Percent of OH Cost Pool Cost Driver Total Overhead 09 1) Machinery and Facilities Activity Total Machine Hours 40% 110 2 Personnel and Scheduling Activity Total Direct Labor Hours 60% 2 Q21 The amount of budgeted MFG overhead assigned to machinery & facilities is? Q22 The amount of budgeted MFG overhead assigned to personnel & scheduling is? Q23 The predetermined OH rate for machinery & facilities is? 8 Q24 The predetermined OH rate for personnel & scheduling is? 19 20 Q25 The amount of machinery & facilites OH assigned to Product Pl is? 21 22 Q26 The amount of personnel & scheduling OH assigned to Product Pl is? 123