Do It! Review 21-3(Part Level Submission) Parga Company is preparing its budgeted income statement for 2017. Relevant dats pertaining to its eles, production and direct materiale budgets are as follow Sales Sales for the year are expected to total 1.700.000 units. Quarterly sales are 20% 269, 275, and 27. respectively. The sales price is expected to be 342 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 14% higher than the budgeted sales for the first quarter of 2017. Production Management desire to maintain the ending inahud puede invertor 22% of the next quarter's budgetud la volume Direct materiale Each unit requires 2 pounds of raw materiale cont of $10 per paund. Mangement desire to maintain raw materials inventaries at 10of the rest quarter'production requirements. A me the production requirements for fit quarter of 2010 e 493,000 paund. Pargo budgets 0.3 hours of direct labor per unit labor costs at $11 per hour and manufacturing overhead at si per direct labor hour. Its budgeted selling and administrative expenses for 2017 are 35.919.000. Your answer is correct Calculate the budgeted total unit cost. Round answer to 2 decimal places, eg. 12.25.) Total unit costs 20.70 Click if you would like to show Work for this questions Open Show Work SHOW SOLUTIONS ANSWER Attempta: 1 of 3 used Prepare the budgeted multi -step Income statement for 2017. Tgnore Income taxe PARGO COMPANY Budqwted Income Ratement For the Year Ending December 2, 2017 v Cart of Goods Sold Greas Profit Salling and Administrative pene Net income / (LOR) Click if you would like to Show Work for this questions Open Show World Do It! Review 21-3(Part Level Submission) Parga Company is preparing its budgeted income statement for 2017. Relevant dats pertaining to its eles, production and direct materiale budgets are as follow Sales Sales for the year are expected to total 1.700.000 units. Quarterly sales are 20% 269, 275, and 27. respectively. The sales price is expected to be 342 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 14% higher than the budgeted sales for the first quarter of 2017. Production Management desire to maintain the ending inahud puede invertor 22% of the next quarter's budgetud la volume Direct materiale Each unit requires 2 pounds of raw materiale cont of $10 per paund. Mangement desire to maintain raw materials inventaries at 10of the rest quarter'production requirements. A me the production requirements for fit quarter of 2010 e 493,000 paund. Pargo budgets 0.3 hours of direct labor per unit labor costs at $11 per hour and manufacturing overhead at si per direct labor hour. Its budgeted selling and administrative expenses for 2017 are 35.919.000. Your answer is correct Calculate the budgeted total unit cost. Round answer to 2 decimal places, eg. 12.25.) Total unit costs 20.70 Click if you would like to show Work for this questions Open Show Work SHOW SOLUTIONS ANSWER Attempta: 1 of 3 used Prepare the budgeted multi -step Income statement for 2017. Tgnore Income taxe PARGO COMPANY Budqwted Income Ratement For the Year Ending December 2, 2017 v Cart of Goods Sold Greas Profit Salling and Administrative pene Net income / (LOR) Click if you would like to Show Work for this questions Open Show World
