cornerstone 8.2, 8.3, and 8.4

OBJECTIVE Cornerstone Exercise 8.2 Production Budget ERSTONE 8.2 Refer to Cornerstone Exercise 8.1, through Requirement I . FlashKick requires endine it sales. Beginning invento of product to equal 20 percent of the next month's un was 3,100 Required 1. Construct a production b 2 practice soccer balls and 400 match soccer balls production budget for each of the two product lines for Flashk for the first three months of the coming year har ir Flash Kick wanted a production budget for the two product lines for the m month of April? What additional information would you need to prepare this budget? ECTIVE Cornerstone Exercise 8.3 Direct Materials Purchases Budget Refer to Cornerstone Exercise 8.2 for the production budgets for practice balls and Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with TONE 8.3 match bals val o fill with air), and 3 ounces of glue. FlashKick's policy is that 20 percent of the fol month's production needs for raw materials be in ending inventory. Beginning inventory uary for all raw materials met this requirement in Jan- Required 1. Construct a direc t materials purchases budget for each type of raw materials for the all line for January and February of the coming year 2. What if FlashKick decrea sed the ending inventory percentage to 15 percent of the month's production needs? What impact would that have on the direct materials pu budgets prepared in Requirement 1? c Tiex rchases VE Cornerstone Exercise 8.4 Direct Labor Budget for Service E 8.4 at State University is planning its annual fundraising paign for accounting alumni. This year, the SOA is planning a call-a-thon and will ask Beta Alpha Psi members to volunteer to make phone calls to a list of 5,000 alumni. The Dean's offce has agreed to let Beta Alpha Psi use their offices from 6 p.m. to 9 p.m. each weekday so that they will have access to phones. Each volunteer will be provided with a phone and a script with