Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bodpeted incame statnment and supporting sudgets the buggetet incame statement for Marcht 2. Etimated cales for March: Aatting heimet 1,200 -uhits at 140 per unit

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Bodpeted incame statnment and supporting sudgets the buggetet incame statement for Marcht 2. Etimated cales for March: Aatting heimet 1,200 -uhits at 140 per unit foothall heimet 6.500 units M160 per unit b. Estimated imventories at March 1- Diect materialis hastic 90 for. foum fnise no ibs Finished products: 8atting helinet 40 units of 529 per unt Footba neimet 240 unte at 377 per unit c. Desered inveatones at Marth Jti birect matertals: Pastic So ime. Fomm linng of: bs Finished aroducts Batting helmet 50 units at 525 per unit Football nelinet 220 unts at $78 per unit In manifactire of batting heimet. Piastic 12 itis. per unit of produet Foam laing 0.5 th. per unit of product In martufacture of football heimet: Pastic 3.s lbi per unit of product Foam lieing 1.5405. per unit of product A. Anticipoted cost of purchbses and begineting and ending inventory of ducect materiass: Mastic 36 per 1b Faam kning s4 Der th. t. Direct labor requirements Bitcing heimeti Molting Department 02 hr, at 320 per hr. Assenbly Degartmens o.s ho at 514 per he. rootball heimet: Molaing Department o. 5 hn at 120 per thi. Assembly Degartment 1.8 hirs at $14 per her 9. Estimated factory overhead conts for March: 10. Eatimated factory overheed costs for March: A. Fistimated operating expenses for Marcht 1. Fitimated other revenue and axpechse for March 1. Entimateg tax rate: 3094 1. Fstimated other fevenue and expense for March: 1. Eisimated tox rates-30\% equised: 1. Bregare a saies hyidgec for March. Enter ali amounts as positive numbersi 2. Prepare a jroduction budget for March. For those boxes in which you must enter subtracted or negative numbers use a minius sigh. 2. Prepare a groduttion budget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gold Medal Athietic Co. Production Budget For the Month Ending March 31 3. Prepare a direct materias purchases bugget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gold Medal Athletic Co. Direct Materials Purchases Budget For the Month Ending March 31 Units required for production: Batting heimet Football heimet 4. Prepdace a durict labour cast budget for March. Enter all amounts as positive numbers. 4. Prpare a direck labor ciat buchet for March. Enter all amounts as positye numbers. 5. Nenare i fincory oyerthed cont nugget for March. For thasi boses in which you must enter wuberacted or negative numben use a minus sign. 7. Prepire a scillng and administrative expenses budget for March. 3. Presare a selling and administrative expenses bodget for Maron. Gold Medat Athietic Co. Seliting and Administrative Expenses Budget For the Month Ending Mareh 31 Selling expenses Totat seling erpenses Adminvtrative expenses: Total administrative expenser Total operating expenses 1. Prupare a bodgeted income istatamient for March

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Risk Assessment Made Easy Seeing What Others Miss

Authors: Charles Hall

1st Edition

0578961679, 978-0578961675

More Books

Students also viewed these Accounting questions

Question

4 How can employee involvement be achieved?

Answered: 1 week ago