Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts 1 of 1 (1 complete P6-43 (similar to) Sieds, Inc., manufactures and se snowboards Sleds manufactures a single model, the Piper in late 2017. Sidis's management accountant gathered the following data to prepare budget for January 2018 (cik the icon to view the budgeted balances and additional information pertaining to the cash budget) the con low the on e and feed mancung conformation) information) Clothicon to view the following selected January 2018 budges Revenue, manufacturing labor cost Variable manufacturing overhead and Ending inventory) Read the requirements Requirement 1. Prepare a cash budget for January 2018. Show upporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for freed manual overhead Begin by preparing the supporting schedule for the ultion of collection of receivables Schedule of Cash Collections From December 2017 sales From January 2018 sales 064,000 338,000 Total collections 1.322.000 Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150.185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for food manufacturing and normalacturing overhead Schedule of Cash Payments for Fred Overhead Choose from any list or enter any number in the input folds and then click Check Answer 3 m 3 parts ing CA Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts x P6-43 (similar to) Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late management accountant gathered the following data to prepare budgets for January 2018: FF (Click the icon to view the budgeted balances and additional information pertaining to the cash bud (Click the icon to view the additional variable and fixed manufacturing cost information.) Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation overhead. Begin by preparing the supporting schedule for the calculation of collection of receivables. Schedule of Cash Collections From December 2017 sales 984,000 From January 2018 sales 338,000 Total collections 1,322,000 Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150.185 592,185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for fixed manufacturing and nonmanufacturing overhead Schedule of Cash Payments for Fixed Overhead Choose from any list or enter any number in the input fields and then click Check Answer 2 parts 3 remaining esc Problem 6-43 1 of 1 (1 complete) Data Table nanufactured prepare budd dditional info ed manufact Budgeted balances at January 31, 2018 are as follows: 018. Show sup Cash Accounts receivable Inventory Property, plant, and equipment (not) Accounts payable Long-term liabilities Stockholders' equity $ 852,000 lculation of col 180,000 984 338 1.322 Selected budgeted information for December 2017 follows: Cash balanco, December 31, 2017 $ Budgeted sales Budgeted materials purchases ents of accounts 12,000 1,640,000 680,000 5 unts Payable 442. 150.1 $ 592, Customer invoices are payable within 30 days. From past experience. Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 35% of direct materials purchases paid during the month of the purchase, and 65% paid in the month following purchase. ents for fixed manual sed Overhead Fixed manufacturing overhead costs include $11,000 of depreciation costs and fixed nonmanufacturing overhead costs include $9.000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly the input fields and Print Done | .aspx?homeworkld=5584263/4&question oblem 6-43 1 of 1 (1 complete) Data Table sme PS urse Thow Materials and Labor Requirements Direct materials Wood 9 board feet (b.f.) per snowboard Fiberglass 7 yards per snowboard Direct manufacturing labor 8 hours per snowboard Sleds' CEO expects to sell 1.300 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 600 snowboards in stock on of Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 2,020 b.1. 1,520 b.f. 1,020 yards 2,020 yards Wood Taccou Fiberglass ayable Other data include: 2017 Unit Price 2018 Unit Price Wood $ 30.00 per b.f. $ 32.00 per b.f. Fiberglass $ 6.00 per yard $ 7.00 per yard Direct manufacturing labor $ 26.00 per hour $ 27.00 per hour The inventoriable unit cost for endina finished-goods inventory on December 31, 2017. is $250.00 foxed mar erhead put fields Print Done oblem 6-43 1 of 1 (1 complete) Reference Revenue Badget For January 2018 Units Selling price Total revenues 1,300 $ 650 $ 845,000 Snowboards Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Total 11,700 b.f. 9,100 yards 1,520 b.f. 2,020 yards Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget 13,220 b.f. 11,120 yards 1,020 yards 2.020 b.. 11,200 b.. 10,100 yards Purchases $ 358,400 $ 70,700 $ 429,100 erh Direct Manufacturing Labor Costs Budget but Print Dono Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts 1 of 1 (1 complete P6-43 (similar to) Sieds, Inc., manufactures and se snowboards Sleds manufactures a single model, the Piper in late 2017. Sidis's management accountant gathered the following data to prepare budget for January 2018 (cik the icon to view the budgeted balances and additional information pertaining to the cash budget) the con low the on e and feed mancung conformation) information) Clothicon to view the following selected January 2018 budges Revenue, manufacturing labor cost Variable manufacturing overhead and Ending inventory) Read the requirements Requirement 1. Prepare a cash budget for January 2018. Show upporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for freed manual overhead Begin by preparing the supporting schedule for the ultion of collection of receivables Schedule of Cash Collections From December 2017 sales From January 2018 sales 064,000 338,000 Total collections 1.322.000 Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150.185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for food manufacturing and normalacturing overhead Schedule of Cash Payments for Fred Overhead Choose from any list or enter any number in the input folds and then click Check Answer 3 m 3 parts ing CA Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts x P6-43 (similar to) Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late management accountant gathered the following data to prepare budgets for January 2018: FF (Click the icon to view the budgeted balances and additional information pertaining to the cash bud (Click the icon to view the additional variable and fixed manufacturing cost information.) Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation overhead. Begin by preparing the supporting schedule for the calculation of collection of receivables. Schedule of Cash Collections From December 2017 sales 984,000 From January 2018 sales 338,000 Total collections 1,322,000 Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150.185 592,185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for fixed manufacturing and nonmanufacturing overhead Schedule of Cash Payments for Fixed Overhead Choose from any list or enter any number in the input fields and then click Check Answer 2 parts 3 remaining esc Problem 6-43 1 of 1 (1 complete) Data Table nanufactured prepare budd dditional info ed manufact Budgeted balances at January 31, 2018 are as follows: 018. Show sup Cash Accounts receivable Inventory Property, plant, and equipment (not) Accounts payable Long-term liabilities Stockholders' equity $ 852,000 lculation of col 180,000 984 338 1.322 Selected budgeted information for December 2017 follows: Cash balanco, December 31, 2017 $ Budgeted sales Budgeted materials purchases ents of accounts 12,000 1,640,000 680,000 5 unts Payable 442. 150.1 $ 592, Customer invoices are payable within 30 days. From past experience. Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 35% of direct materials purchases paid during the month of the purchase, and 65% paid in the month following purchase. ents for fixed manual sed Overhead Fixed manufacturing overhead costs include $11,000 of depreciation costs and fixed nonmanufacturing overhead costs include $9.000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly the input fields and Print Done | .aspx?homeworkld=5584263/4&question oblem 6-43 1 of 1 (1 complete) Data Table sme PS urse Thow Materials and Labor Requirements Direct materials Wood 9 board feet (b.f.) per snowboard Fiberglass 7 yards per snowboard Direct manufacturing labor 8 hours per snowboard Sleds' CEO expects to sell 1.300 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 600 snowboards in stock on of Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 2,020 b.1. 1,520 b.f. 1,020 yards 2,020 yards Wood Taccou Fiberglass ayable Other data include: 2017 Unit Price 2018 Unit Price Wood $ 30.00 per b.f. $ 32.00 per b.f. Fiberglass $ 6.00 per yard $ 7.00 per yard Direct manufacturing labor $ 26.00 per hour $ 27.00 per hour The inventoriable unit cost for endina finished-goods inventory on December 31, 2017. is $250.00 foxed mar erhead put fields Print Done oblem 6-43 1 of 1 (1 complete) Reference Revenue Badget For January 2018 Units Selling price Total revenues 1,300 $ 650 $ 845,000 Snowboards Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Total 11,700 b.f. 9,100 yards 1,520 b.f. 2,020 yards Physical Units Budget To be used in production Add target ending inventory Total requirement Deduct beginning inventory Purchases to be made Cost Budget 13,220 b.f. 11,120 yards 1,020 yards 2.020 b.. 11,200 b.. 10,100 yards Purchases $ 358,400 $ 70,700 $ 429,100 erh Direct Manufacturing Labor Costs Budget but Print Dono