@& Chrome File Edit View History Bookmarks Profiles Tab Window Help Sun Jun 16 2:23PM 6-1Problem Set - ACC-311-1 X [IJ Question10f13-Module Six X + C M 25 education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=22e06f90-f507-4171-9220-a35752292376#/question/0 & Module Six Problem Set Question 1 of 13 -/4 With budgeted sales as the starting point for the entire process, the management team agrees that the following levels present the most likely scenario for the first five months of the upcoming year. January February March April May Budgeted number of mantels to be sold 410 420 450 430 450 In addition to sales volume, many other specifics are required in order to complete the company's operating budgets. Key details associated with prices, costs, and usage are as follows. Budgeted selling price is $500 per mantel. Each mantel measures 3 inches x 12 inches x 4 feet. Target ending inventory of finished mantels is 20% of next month's budgeted sales. However, beginning inventory on January 1is expected to be only 41 units. Sunland' primary DM, rough-cut cedar, is purchased from the supplier already at the desired height and depth (3 inches high, 12 inches deep). Sunland cuts the cedar planks to the desired 4-foot lengths. Each rough-cut board costs Sunland $50 per foot. Target ending DM inventory (rough-cut cedar) is 50% of next month's production needs. DL to sand, stain, and treat the rough-cut cedar costs $20 per hour. Each mantel requires one hour of labor time. MOH resources include variable costs budgeted to be $10/board foot, plus budgeted monthly Fixed MOH costs of $4,500. Depreciation of $1,800 is included in that monthly fixed cost. SG&A costs are also broken down into their variable and fixed components: budgeted variable SG&A costs are $50/unit sold, while budgeted fixed monthly SG&A costs are $64,500, which includes $9,000 of depreciation. SUPPORT All sales are made on account, with 25% paying in the month of sale and 70% paying in the month following the sale. The - remainder is considered uncollectible. December sales in the prior year were budgeted to be $230,000. Beginning finished goods inventory was held at a cost of $255/unit from the prior year. LELEE LR I FER ks LEJeN:]- Chrome File Edit View History Bookmarks Profiles Tab Window Help Q Sun Jun 16 7:59 PM A Croata D2L 6-1 Problem Set - ACC-311-1( x WP Question 1 of 13 - Module Six x 891 How to Grill a Ribeye Steak - x |+ 9 education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=22e06f90-f507-4171-9220-a35752292376#/question/0 Module Six Problem Set Question 1 of 13