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Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is as follows: Quarter 1 (Jan - Mar) 2
Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is as follows: Quarter 1 (Jan - Mar) 2 (Apr - Jun) 3 (Jul - Sep) 4 (Oct - Dec) Total Sales (units) 10,000 15,000 11,000 16,000 52,000 Unit Price $150 $150 $150 $150 Production (units) 10,200 14,600 11,400 15,150 51,350 2 Raw material required per unit (Kilograms) 2 2 2 $10 $10 Raw material price per kilogram $10 $10 - 1.5 1.5 1.5 1.5 Direct labour hours per unit - $15 $15 $15 $15 Direct labour rate $25 $25 $25 $25 Manufacturing overhead allocations per unit $276,250 $291,250 $279,250 $295,000 $1,141,750 Selling, general and administrative expenses Required: For the fourth quarter of 2021 int of good cold Show your work. (3 marks) +291,250 $279,250 $295,000 $1,14 Required: For the fourth quarter of 2021 a) Calculate Bob's Bowling's cost of goods sold. Show your work. (3 marks) b) Prepare Bob's Bowling's budgeted multi-step income statement; ignore interest and taxes. (4 marks) A template for your answer is provided below. Paragraph v Nur U A EME! + v . A/ all g a) Cost of goods sold calculation. Show your work. a) Cost of goods sold calculation. Show your work. b)
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