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Assessment.

I. Prepare the Operational Budget until the COGS is completed $(70$ points$)$

The companx ACCO $295$ has a projected sale of $$450,000$

Each unit sells for $$450$

Your starting inventory $300($cost $$125)$

A final inventory of $500$ units is desired,

Beginning inventory of materials is $600of$

$($$$15)$

Final inventory of materials desired $700$

To finish each product you need $2$ units of raw materials

The price of the raw material unit rose to $12$

It takes $2$ hours of direct labor to produce each final product

Hours are paid at $$15$

Indirect cost $(OH)$$$3$ for each bour of work.

Fixed cost $(OH)$$$12,000$

Prepare COST of Goods OF Sold COGS

I. Prepare a Proforma Income Statement for ACCO $295$ Corp. $(30$ points$)$

Use the same Excel table provided to do the calculations with the class explanation.

Selling and administrative expenses were

$$58,300$

Interest Expenses $$36,000$

Other income and gains $$17,000$

Taxes Percentage is $30\%.$

Remember to use the correct order of games