C @ https//watomheducation.com/ext/map/index.html!_comiconexternal_browser=0&lunchUrl =http:".253AS252F252Fbeh wuniversity.blackband.c. ACG3073 Ch 7 HW @ Help Save & Evil Submit Check my work 12 Zahn Company budgets sales of 232 units in May and 300 units in June. Each month's ending inventory should be 25% of the next month's sales. The April 30 ending finished goods inventory is 50 units. Prepare the production budget for May. 5 ZAHN COMPANY Production Budget Budgeted sales unis 2012 Add Dashed ending Inventory Next period budgeted sales units Rake of inventory to future sales Destined ending Inventory unti Low: Beginning Invinity unis 12 of 22 Type here to search L J OF ABALOE 4:25 PMC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl-http:.253AS2528252Fboth wuniversity.blackbound.c. ACG3073 Ch 7 HW O Help Save & Evil Submit Check my work 18 O Required information Part 2 of 4 (The following information applies to the questions displayed below] Black Diamond Company produces snowboards, Each snowboard requires 2 pounds of carbon fiber, Management reports 10 that 5.400 snowboards and 6.400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that painby 154.000 snowboards are budgeted to be sold during the third quarter Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in Inventory. Carbon fiber costs $19 per pound. Each snowboard requires 0:5 hour of direct labor at $24 per hour Variable overhead is budgeted at the rate of $12 per direct labor hour The company budgets ford overhead of $1786 000 for the quarter 2. Prepare the direct materials budget for the third quarter. BLACK DIAMOND COMPANY Direct Material Budget Third Quarter Unite to produce Materials required per unit (pounds] Materials needed for production (pouch) Add Dashed soding materish inventory (pounds 18 19 20 of 32 Maxd > Type here to search L J OF ABARGE) Contion 19 - ACQUI Ch 7 WM X C @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl =http:253AN2528252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. it does not indicate completion. Retum to question 19 Required information Furt J of4 (The following information applies to the questions displayed below) Pluck Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5:400 snowboards and 6.400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 10 154,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in Inventory, Carbon fiber costs $19 per pound. Each snowboard requires 0:5 hour of direct labor at $24 per hour Variable overhead is budgeted at the rape of $12 per direct labor hour. The company budgets fixed overhead of $1785.000 for the quarter. 3. Prepare the direct labor budget for the third quarter 3 Answer is not complete. BLACK DIAMOND COMPANY Direct Labor Dedget Third Quarter 19 20 of 32 Maxd > Type here to search L J OF ABARO $27PM) Contion 19 - ACQUI Ch 7 WM X C @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl =http:253AN2528252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 19 3. Prepare the direct labor budget for the third quarter Furt J of 4 Answer Is not complete. BLACK DIAMOND COMPANY 10 Direct Labor Budget Third Quarter Unis to produce Dint labor hours ngpaired per ant Direct labor hours needed Direct liber can't per hour Cost of direct Labor 19 20 of 32 Type here to search L J OF ABARE $27PMC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser 0&lunchUl-http:1253AN252PM252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 20 O Required information (The following information applies to the questions displayed below) Pluck Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5:400 snowboards and 6.400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 10 154,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in Inventory, Carbon fiber costs $19 per pound. Each snowboard requires 9:5 hour of direct labor at $24 per hour Variable overhead is budgeted at the race of $12 per direct labor hour. The company budgets fixed overhead of $1786.900 for the quarter. 4. Prepare the factory overhead budget for the third quarter Answer is not complete. BLACK DIAMOND COMPANY Factory Overhead Budget Third 20 of 23 Moxi > Type here to search L J OF ABARE $27PMC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser 0&lunchUl-http:1253AN252PM252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save & Evil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 20 154,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in inventory. Carbon fiber costs $19 per pound. Each snowboard requires 0:5 hour of direct labor at $24 per hour, Variable overhead is budgeted at the rate of $12 per direct labor hour. The company budgets fixed overhead of $1785.000 for the quarter 4. Prepare the factory overhead budget for the third quarter 10 Answer is not complete. BLACK DIAMOND COMPANY Factory Overhead Budget Third Direct Mber hours needed Merlable overhead ray per direct labor hour Budgeted variable overhead Budgeted bond overhead Budgeted total factory quicheed 20 of 23 Type here to search L J OF ABAROE $27PMC @ httpsW/watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl =http:25JAN2528252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 21 O Required information Furt 1 of 2 (The following information applies to the questions displayed below) Built-Tight is preparing its master budget Budgeted sales and cash payments follow. July August Budgeted bles Budgeted cash payments for Direct materials 14, IM Onece labor 4,440 3,4-40 17,700 17,400 Sales to customers are 25% cash and 75% on credit. Sales in June were $58.500, All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $23.000 in cash and $5.400 in loans payable. A minimum cash balance of $23000 is required. Loans are obtained at the end of ary month when the preliminary cash balance is below $23,000. Interest is 16 per month based on the beginning of-the month loan balance and is paid at each month-end, Any preliminary cash balance above $23 000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10%% of sales]. office salaries ($4.400 per month] and rent (56.900 per monthy 21 23 Type here to search L J OF ABARGE $27 PMC @ httpsW/watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl =http:25JAN2528252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 21 Required Information monthy Furt 1 of 2 1. Prepare a schedule of cash receipts for the months of July August. and September. Answer Is not complete. BUILT-TIGHT Schedule of Cash Receipts from Sales July August September $ 62.080 Cash rotipts from Cash sales Collections of prior parlod s hitt Total cash noriots 21 23 of 23 Type here to search L OF ABARE $27PMC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl =http:2534%2528%252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 22 O Required information Furt 3 of 1 (The following information applies to the questions displayed below) Built-Tight is preparing its master budget Budgeted sales and cash payments follow. 10 July August Budgeted blew Budgeted cash payments for Direct materials 14, IM Ginece later 4,440 3,4-40 17,700 17,400 Sales to customers are 25% cash and 75% on credit. Sales in June were $58 500, All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $23.000 in cash and $5.400 in loans payable. A minimum cash balance of $23000 is required. Loans are obtained at the end of ary month when the preliminary cash balance is below $23,000. Interest is 1% per month based on the beginning of-the month loan balance and is paid at each month-end, Any preliminary cash balance above $23 000 is used to repay loans at month-end, Expenses are paid in the month incurred and consist of sales commissions [10% of sales]. office salaries ($4.400 per month). and rent (56.900 per monthy 22 of 23 Noxd > Type here to search L J OF ABALOE 1:27 PMC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl =http:2534%2528%252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 22 O Required information Furt 3 of 1 (The following information applies to the questions displayed below) Built-Tight is preparing its master budget Budgeted sales and cash payments follow. 10 July August Budgeted blew Budgeted cash payments for Direct materials 14, IM Ginece later 4,440 3,4-40 17,700 17,400 Sales to customers are 25% cash and 75% on credit. Sales in June were $58 500, All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $23.000 in cash and $5.400 in loans payable. A minimum cash balance of $23000 is required. Loans are obtained at the end of ary month when the preliminary cash balance is below $23,000. Interest is 1% per month based on the beginning of-the month loan balance and is paid at each month-end, Any preliminary cash balance above $23 000 is used to repay loans at month-end, Expenses are paid in the month incurred and consist of sales commissions [10% of sales]. office salaries ($4.400 per month). and rent (56.900 per monthy 22 of 23 Noxd > Type here to search L J OF ABALOE 1:27 PMC @ https//watomheducation.com/ext/map/index.htmlf_commcondexternal_browser=0&launchUrl =http:2534%2528%252Fboth wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so for, it does not indicate completion. Retum to question 22 Required Information Rant Furt I of 1 Total cash payments Preliminary cash balance Loan Schity Additional loan Aopryment of loan to bank Ending cash balance Loan balance July August Loin balance - Beginning of month Additional loan (loan repayment) Lean balance . End of math 22 of 23 Noxd > Type here to search L J OF ABARGE $27PMC @ https//watomheducation.com/ext/map/index.html!_commconkexternal_browser=0&lunchUrl=http:.25JAN252F3252Fbeh wuniversity.blackboardc. ACG3073 Ch 7 HW @ Help Save & Evil Submit Check my work 13 Rida Incorporated is preparing its direct materials budget for the second quarter It budgets production of 275,000 units in the second quarter and 61,500 units in the third quarter. Each unit requires 0.40 pound of direct material, priced at $184 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to So%% of next quarter's 5 budgeted direct materials required. Raw material inventory is 55,000 pounds at the beginning of the second quarter, Prepare a direct materials budget for the second quarter. (Enter "per unit" answers In two decimal places) RIDA INCORPORATED Hint Direct Materials Budget Second Quarter Unity to produce 0.#3 pounds Materials needed for production ( pounch) Add Dashed ending motorish Inventory Total materials required Materials com per pound Cost of dreck materialy purchason Type here to search L J OF ABALOE 4:25 PMC @ https//watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl =http:253AN2527252Fbeh wuniversity.blackboard.c. ACG3073 Ch 7 HW O Help Save & Evil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Hetum to question 14 Answer is not complete. Complete this question by entering your answers In the tabs below. 5 points Required 1 Required 2 Prepare a direct labor budget. ADDISON COMPANY Direct Labor Budget Second Quarter 2.650 Direct Mber hours needed Cost of direct labor > > Type here to search L J OF ABARGE1) Contion 17 - ACQUI CATHY X C @ https/watomheducation.com/ext/map/index.html!_commcondexternal_browser=0&launchUrl=http:253AS2528252Fboth wuniversity.blackband.c. ACG3073 Ch 7 HW O Help Save A Exil Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion. Retum to question 17 Required: 1. Prepare the production budget for the third quarter home Desired ending inventory units are given. Part 1 of 4 Answer Is not complete. BLACK DIAMOND COMPANY Production Budget (in unite] Third Budgeted sales units Add Desired ending Inventory unity Round required units Loan: Beginning Inventory units Units to produce 17 18 10 of 23 Type here to search L J OF ABARGE