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Bowling Ball MFG had a sales budget for bowling balls for the next months: Jan Feb Mar Apr Units 30,000 35,000 50,000 50,000 They sell
Bowling Ball MFG had a sales budget for bowling balls for the next months: | ||||||||
Jan | Feb | Mar | Apr | |||||
Units | 30,000 | 35,000 | 50,000 | 50,000 | ||||
They sell each bowling ball for $60 | ||||||||
They want ending finished goods inventory to be 30% of the next month's sales units. | ||||||||
Beginning Finished goods inventory is 5,000 units. | ||||||||
It takes 2 pounds of material to make each ball. That is the only Direct Material | ||||||||
Beginning Direct Material inventory is 50,000 pounds | ||||||||
They want ending raw material inventory to be 20% of the next | ||||||||
month's direct material need. | ||||||||
One pound of material cost them $3 | ||||||||
It takes 30 minutes to make each ball and the labor cost is $16 per hour. | ||||||||
1 | Prepare the Sales Budget | |||||||
Jan | Feb | Mar | ||||||
Units | ||||||||
Revenue | ||||||||
2 | Prepare the Unit Production Budget in Units | |||||||
Jan | Feb | Mar | ||||||
3 | Prepare the Raw Materials Budget for Jan - Feb in pounds and dollars | |||||||
Jan | Feb | |||||||
4 | Prepare the Labor Budget in the space below | |||||||
Jan | Feb | Mar | ||||||
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