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can i get help please ? the one information i have for this post i dont have the cash collections only the pictures posted information

can i get help please ?
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image text in transcribed
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the one information i have for this post
i dont have the cash collections only the pictures posted information
can i get help please?
rady is The Grady Tire Company manufactures racing tires for bicycles Grady sells tres for each planning for the next year by developing a master budget by Quarter Gray's balance sheet for December 31, 2018. follows: Click the icon to the balance sheet) Other data for Grady Tre Company Cik the convew the other data) Read the remonts Requirement 1. Prepare Grady's operating budget and cash budget for 2019 by quader Required schedules and budgets includes sales budget production budget direct me budget director budget manufacturing overhead budget cost of goods sold budgeting and admit e expense budget schedule of cashe s , schedule of cash payment and budget Manufacturing overhead located based on direct labor hours Round calculations to the nearest Begin by preparing the sales budget Grady The Company Sales Budget For the Year End Dec 31, 2010 First Second Third Quarter Fourt price per 1 7 000 67000204000 14000 Prepare the production et Choose from any at or enter any number in the hout tells and then click Crack frower. A Data Table Grady Tire Company Balance Sheet December 31, 2018 Assets Current Assets: ta 50,000 Cash Accounts Receivable Raw Materials Inventory 25,000 3,900 7,800 86,700 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment 183,000 (77,000) Less: Accumulated Depreciation 106,000 Total Assets 192,700 Liabilities Print Done hswer Property, Plant, and Equipment! Equipment 183,000 (77,000) 106,000 Less: Accumulated Depreciation 192,700 Total Assets Liabilities Current Liabilities: Accounts Payable 9,000 Stockholders' Equity $ Common Stock, no par 160,000 23,700 Retained Earnings Total Stockholders' Equity 183,700 Total Liabilities and Stockholders' Equity 192,700 Requirements X hbudget, dire hts, and cash par Jet 1. Prepare Grady's operating budget and cash budget for 2019 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar. 2. Prepare Grady's annual financial budget for 2019, including budgeted income statement and budgeted balance sheet. cemb .,000 Print Done "0.000 i More Info It m pudo and all (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) a. Budgeted sales are 1,800 tires for the first quarter and expected to increase by 200 tires per quarter. Cash bud sales are expected to be 10% of total sales, with the remaining 90% of sales on account sods b. Finished Goods Inventory on December 31, 2018 consists of 300 tires at $26 each. c. Desired ending Finished Goods Inventory is 40% of the next quarter's sales, first quarter sales for 2020 are expected be 2,600 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2018, consists of 600 pounds of rubber compound used to Grady manufacture the tires. S e. Direct materials requirements are 2 pounds of a rubber compound per tire. The cost of the compound is Year E $6.50 per pound. f Desired ending Raw Materials Inventory is 10% of the next quarter's direct materials needed for production, desired ending inventory for December 31, 2019 is 600 pounds, indirect materials are arter insignificant and not considered for budgeting purposes. g. Each tire requires 0.50 hours of direct labor; direct labor costs average $25 per hour. 1.800 h. Variable manufacturing overhead is $1 per tire. 85 g Fixed manufacturing overhead includes $2,500 per quarter in depreciation and $45,485 per quarter for 153,000 other costs, such as utilities, insurance, and property taxes. Fixed selling and administrative expenses include $11,000 per quarter for salaries: $3,000 per quarter for rent; $750 per quarter for insurance, and $1,500 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 2% of sales. any number in Print Done rady is The Grady Tire Company manufactures racing tires for bicycles Grady sells tres for each planning for the next year by developing a master budget by Quarter Gray's balance sheet for December 31, 2018. follows: Click the icon to the balance sheet) Other data for Grady Tre Company Cik the convew the other data) Read the remonts Requirement 1. Prepare Grady's operating budget and cash budget for 2019 by quader Required schedules and budgets includes sales budget production budget direct me budget director budget manufacturing overhead budget cost of goods sold budgeting and admit e expense budget schedule of cashe s , schedule of cash payment and budget Manufacturing overhead located based on direct labor hours Round calculations to the nearest Begin by preparing the sales budget Grady The Company Sales Budget For the Year End Dec 31, 2010 First Second Third Quarter Fourt price per 1 7 000 67000204000 14000 Prepare the production et Choose from any at or enter any number in the hout tells and then click Crack frower. A Data Table Grady Tire Company Balance Sheet December 31, 2018 Assets Current Assets: ta 50,000 Cash Accounts Receivable Raw Materials Inventory 25,000 3,900 7,800 86,700 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment 183,000 (77,000) Less: Accumulated Depreciation 106,000 Total Assets 192,700 Liabilities Print Done hswer Property, Plant, and Equipment! Equipment 183,000 (77,000) 106,000 Less: Accumulated Depreciation 192,700 Total Assets Liabilities Current Liabilities: Accounts Payable 9,000 Stockholders' Equity $ Common Stock, no par 160,000 23,700 Retained Earnings Total Stockholders' Equity 183,700 Total Liabilities and Stockholders' Equity 192,700 Requirements X hbudget, dire hts, and cash par Jet 1. Prepare Grady's operating budget and cash budget for 2019 by quarter. Required schedules and budgets include: sales budget, production budget, direct materials budget, direct labor budget, manufacturing overhead budget, cost of goods sold budget, selling and administrative expense budget, schedule of cash receipts, schedule of cash payments, and cash budget. Manufacturing overhead costs are allocated based on direct labor hours. Round all calculations to the nearest dollar. 2. Prepare Grady's annual financial budget for 2019, including budgeted income statement and budgeted balance sheet. cemb .,000 Print Done "0.000 i More Info It m pudo and all (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) a. Budgeted sales are 1,800 tires for the first quarter and expected to increase by 200 tires per quarter. Cash bud sales are expected to be 10% of total sales, with the remaining 90% of sales on account sods b. Finished Goods Inventory on December 31, 2018 consists of 300 tires at $26 each. c. Desired ending Finished Goods Inventory is 40% of the next quarter's sales, first quarter sales for 2020 are expected be 2,600 tires. FIFO inventory costing method is used. d. Raw Materials Inventory on December 31, 2018, consists of 600 pounds of rubber compound used to Grady manufacture the tires. S e. Direct materials requirements are 2 pounds of a rubber compound per tire. The cost of the compound is Year E $6.50 per pound. f Desired ending Raw Materials Inventory is 10% of the next quarter's direct materials needed for production, desired ending inventory for December 31, 2019 is 600 pounds, indirect materials are arter insignificant and not considered for budgeting purposes. g. Each tire requires 0.50 hours of direct labor; direct labor costs average $25 per hour. 1.800 h. Variable manufacturing overhead is $1 per tire. 85 g Fixed manufacturing overhead includes $2,500 per quarter in depreciation and $45,485 per quarter for 153,000 other costs, such as utilities, insurance, and property taxes. Fixed selling and administrative expenses include $11,000 per quarter for salaries: $3,000 per quarter for rent; $750 per quarter for insurance, and $1,500 per quarter for depreciation k. Variable selling and administrative expenses include supplies at 2% of sales. any number in Print Done

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