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Hello, I did most of the assignment. could you please give the answer for the rests. thanks eBook Budgeted Income statement and Supporting Budget The
Hello, I did most of the assignment. could you please give the answer for the rests. thanks
eBook Budgeted Income statement and Supporting Budget The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasure, production manager and sales manager has gathered the tollowing data for use in developing the budgeted income statement for March a. Estimated sales for March: Batting helmet 1,200 units 340 per unit Football helmet 6.500 units at $100 per unit b. Estimated Inventories at March 11 Direct materials Bastic 00 Foam lining 80 lbs Finished products Battimet 40 125 Footballhelmet 240 unit runt Daire inventores at March 31 Direct material: Plastic 50th Foamining 550 Finished product Botting helmet 50 units at $25 per Footballhelmet 220 units at 7 perut d. Direct was introduction eBook Football helmet 220 units 78 per unit d. Die materials used in productions in manufacture of butting helmet Mastic 1.2. per unit of product Foamining 0.5 per unit of product In manfacture of football helmet Plastic 3.5. per of product Foam lining 1. Dentoft 1. Antipated cost of purchases and beginning inventory of direct materi Paste ib Fotining 14 per 1. Dve labor requirements Batting helmet Molding Department 8.2 hat 120 per Assembly Department at 14 Footballhelmet Molding Department 0510 per Amy Department 1.4 per 0. Ested factory outcosts for archi Indirect factory w 000 Depreciation and it 12.000 Check My W Book Indered factory wages $66.000 Depreciation of plant and equipment 12.000 power and light 4,000 Insurance and property tax 2.300 Estimated operating expenses for March: Sales sales expense $1,300 Advertising 17200 Orice salaries expense 32400 Depreciation expense-officement 3.00 Telephone expending 5.300 Telephone expense-administrative Travelling 9.000 Oficos en 1.100 Miscaneous administrative pense 1.000 1. imated other revenge and expense for Machi Interest revenue 1040 terest 22 stimated tax rate Required 1. Pant for architeru 1.200 eBook 872 Interest expense Estimated tax rate: 3096 Required: 1. Prepare a sales budget for March. Enter all amounts as positive numbers Gold Medal Athletic Co. Sales Budget For the Month Ending March 31 Unit Sales tinit Selling Volume Price Total Sales 1.200 40 Batting helmet 43,000 160 Football heimet 6,500 1,040,000 1,0511,000 Total revenue from sales min 2. Prepare a production trudget for arch. For those boxes in which you must enter subtracted or negative Gold Medal Athletic Co. Production Budget For the Month Ending March 31 Units Batting helmet Football helmet U Chege Sturly Pack Readings eBook C 2. Prepare a production budget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign Gold Medal Athletic Co. Production Budget For the Month Ending March 31 Units Batting helmet Football helmet Expected units to be sold 1,200 6,500 Desired Inventory March 31 SO 220 Total units available Estimated Inventory, March 1 1.250 6,720 -40 -240 Total units to be produced 1.210 6,480 3. Prepare a direct material purchases budget for March. For those boxes in which you must enter subtracted or negative numbers use a minusson Gold Medal Athletic Co. Direct Materials Purchases, Budget for the Month Ending Mardi 31 Book 3. Prepare a direct materials purchases budget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gold Medal Athletic Co. Direct Materials Purchases Budget For the Month Ending March 31 Plastic Foam Lining Total Units required for production: Batting helmet 1,452 605 Football helmet 22,680 9,720 Desired units of inventory, March 31 50 Total units available 24,182 10,390 Estimated units of inventory, March 1 -90 -90 Total units to be purchased 24,092 10.310 Unit price 144,552 41,240 135,792 Total direct materials to be purchased 4. Prepare a direct but cont budget for March. Enter at amounts as poslove numbers Gold Medal Athletic Co. him ahar Cast Iudget Wilmy take soignment/takeAssignmentMandolinvokeretakeAssignmentSessionLocatorBlinprogress false omepage - City C... My.cCedu McGraw-Hill Connetogin ESL 99 Spring 2021. Gramma. Check Chegg Study Pack # 3 Reading int ebook 4. Prepare a direct labor cost budget for March. Enter all amounts as positive numbers. Gold Medal Athletic Co. Direct Labor Cost Budget For the Month Ending March 31 Molding Department Assembly Department Total Hours required for production: Batting helmet 242 605 Football helmet 3,240 11,664 Total 3,492 12,269 14 Hourly rate 20 Total direct labor cost 69,640 171.766 241.4016 Accounting umeriid 5. Prepare a factory read cost budget for March Gold Medal Athletic Co. eBook TOERDELE 5. Prepare a factory overhead cost budget for March Gold Medal Athletic Co. Factory Overhead Cost Budget For the Month Ending March 31 86,000 Indirect factory wages 12,000 Depreciation of plant and equipment Power and light 4,000 2,300 Insurance and property tax 104,300 Total factory overhead cost logada cold budget for March, Work in process at the beginning of March is estimated to be $15,300, and work in process at the end lortracted or negative numbers use a minus sign. C 6. Prepare a cost of goods sold budget for March. Work in process at the beginning of March is estimated to be 15,300, and work in process at the end of March is desired to be $14,800. For those boxes in which you must enter subtracted or negative numbers use mission Gold Medal Athletic Co. Cost of Goods Sold Budget For the Month Ending March 11 Direct materials: Cost of direct materials available for use Cost of direct materiale placed in production Homepage - City C gnmentSession octor progresse M.COMH Con Login ESL 99 Spring 2001. Check Out eBook Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods available for sale Cost of goods sold eBook 7. Prepare a selling and administrative openses budget for March Gold Medal Athletic Co. Selling and Administrative Expenses Budget For the Month Ending Marchi 31 Selling expert Sales salaries en 134.300 Advertising expense 67,200 5.000 9,000 Telephone expense-selling Travel expense-Reling Total selling expenses Administrative expenses Office salaris ponte 206,300 32,400 3,000 Dupledation expendice coment Telephone wadinistrative Office supos 1,200 1,100 1,000 Miscellaneous distrative pense 39,500 Total administrative penses 12.00 Total opening C H. Prepare a budgeted income statement for March Con Athletic Budged lactament The Mintha Hevenue from sales 1,088.000 Cost of goods and 127,198 Gronic Operating con Subates Administrative 206,300 39,500 325.000 Total operating events Operating income other one and expenses Thor 9:40 There 1172 Income before income tax Inden Net Income Check My Work TO SOM eBook Budgeted Income statement and Supporting Budget The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasure, production manager and sales manager has gathered the tollowing data for use in developing the budgeted income statement for March a. Estimated sales for March: Batting helmet 1,200 units 340 per unit Football helmet 6.500 units at $100 per unit b. Estimated Inventories at March 11 Direct materials Bastic 00 Foam lining 80 lbs Finished products Battimet 40 125 Footballhelmet 240 unit runt Daire inventores at March 31 Direct material: Plastic 50th Foamining 550 Finished product Botting helmet 50 units at $25 per Footballhelmet 220 units at 7 perut d. Direct was introduction eBook Football helmet 220 units 78 per unit d. Die materials used in productions in manufacture of butting helmet Mastic 1.2. per unit of product Foamining 0.5 per unit of product In manfacture of football helmet Plastic 3.5. per of product Foam lining 1. Dentoft 1. Antipated cost of purchases and beginning inventory of direct materi Paste ib Fotining 14 per 1. Dve labor requirements Batting helmet Molding Department 8.2 hat 120 per Assembly Department at 14 Footballhelmet Molding Department 0510 per Amy Department 1.4 per 0. Ested factory outcosts for archi Indirect factory w 000 Depreciation and it 12.000 Check My W Book Indered factory wages $66.000 Depreciation of plant and equipment 12.000 power and light 4,000 Insurance and property tax 2.300 Estimated operating expenses for March: Sales sales expense $1,300 Advertising 17200 Orice salaries expense 32400 Depreciation expense-officement 3.00 Telephone expending 5.300 Telephone expense-administrative Travelling 9.000 Oficos en 1.100 Miscaneous administrative pense 1.000 1. imated other revenge and expense for Machi Interest revenue 1040 terest 22 stimated tax rate Required 1. Pant for architeru 1.200 eBook 872 Interest expense Estimated tax rate: 3096 Required: 1. Prepare a sales budget for March. Enter all amounts as positive numbers Gold Medal Athletic Co. Sales Budget For the Month Ending March 31 Unit Sales tinit Selling Volume Price Total Sales 1.200 40 Batting helmet 43,000 160 Football heimet 6,500 1,040,000 1,0511,000 Total revenue from sales min 2. Prepare a production trudget for arch. For those boxes in which you must enter subtracted or negative Gold Medal Athletic Co. Production Budget For the Month Ending March 31 Units Batting helmet Football helmet U Chege Sturly Pack Readings eBook C 2. Prepare a production budget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign Gold Medal Athletic Co. Production Budget For the Month Ending March 31 Units Batting helmet Football helmet Expected units to be sold 1,200 6,500 Desired Inventory March 31 SO 220 Total units available Estimated Inventory, March 1 1.250 6,720 -40 -240 Total units to be produced 1.210 6,480 3. Prepare a direct material purchases budget for March. For those boxes in which you must enter subtracted or negative numbers use a minusson Gold Medal Athletic Co. Direct Materials Purchases, Budget for the Month Ending Mardi 31 Book 3. Prepare a direct materials purchases budget for March. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Gold Medal Athletic Co. Direct Materials Purchases Budget For the Month Ending March 31 Plastic Foam Lining Total Units required for production: Batting helmet 1,452 605 Football helmet 22,680 9,720 Desired units of inventory, March 31 50 Total units available 24,182 10,390 Estimated units of inventory, March 1 -90 -90 Total units to be purchased 24,092 10.310 Unit price 144,552 41,240 135,792 Total direct materials to be purchased 4. Prepare a direct but cont budget for March. Enter at amounts as poslove numbers Gold Medal Athletic Co. him ahar Cast Iudget Wilmy take soignment/takeAssignmentMandolinvokeretakeAssignmentSessionLocatorBlinprogress false omepage - City C... My.cCedu McGraw-Hill Connetogin ESL 99 Spring 2021. Gramma. Check Chegg Study Pack # 3 Reading int ebook 4. Prepare a direct labor cost budget for March. Enter all amounts as positive numbers. Gold Medal Athletic Co. Direct Labor Cost Budget For the Month Ending March 31 Molding Department Assembly Department Total Hours required for production: Batting helmet 242 605 Football helmet 3,240 11,664 Total 3,492 12,269 14 Hourly rate 20 Total direct labor cost 69,640 171.766 241.4016 Accounting umeriid 5. Prepare a factory read cost budget for March Gold Medal Athletic Co. eBook TOERDELE 5. Prepare a factory overhead cost budget for March Gold Medal Athletic Co. Factory Overhead Cost Budget For the Month Ending March 31 86,000 Indirect factory wages 12,000 Depreciation of plant and equipment Power and light 4,000 2,300 Insurance and property tax 104,300 Total factory overhead cost logada cold budget for March, Work in process at the beginning of March is estimated to be $15,300, and work in process at the end lortracted or negative numbers use a minus sign. C 6. Prepare a cost of goods sold budget for March. Work in process at the beginning of March is estimated to be 15,300, and work in process at the end of March is desired to be $14,800. For those boxes in which you must enter subtracted or negative numbers use mission Gold Medal Athletic Co. Cost of Goods Sold Budget For the Month Ending March 11 Direct materials: Cost of direct materials available for use Cost of direct materiale placed in production Homepage - City C gnmentSession octor progresse M.COMH Con Login ESL 99 Spring 2001. Check Out eBook Direct materials: Cost of direct materials available for use Cost of direct materials placed in production Total manufacturing costs Total work in process during period Cost of goods manufactured Cost of finished goods available for sale Cost of goods sold eBook 7. Prepare a selling and administrative openses budget for March Gold Medal Athletic Co. Selling and Administrative Expenses Budget For the Month Ending Marchi 31 Selling expert Sales salaries en 134.300 Advertising expense 67,200 5.000 9,000 Telephone expense-selling Travel expense-Reling Total selling expenses Administrative expenses Office salaris ponte 206,300 32,400 3,000 Dupledation expendice coment Telephone wadinistrative Office supos 1,200 1,100 1,000 Miscellaneous distrative pense 39,500 Total administrative penses 12.00 Total opening C H. Prepare a budgeted income statement for March Con Athletic Budged lactament The Mintha Hevenue from sales 1,088.000 Cost of goods and 127,198 Gronic Operating con Subates Administrative 206,300 39,500 325.000 Total operating events Operating income other one and expenses Thor 9:40 There 1172 Income before income tax Inden Net Income Check My Work TO SOM Step by Step Solution
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