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I need answers for all questions please. BE 8-1 Flexible budgeting Obj. 2 At the beginning of the period, the Fabricating Department budgeted direct labor
I need answers for all questions please.
BE 8-1 Flexible budgeting Obj. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment depreciation of $18,500 for 2,400 hours of production. The department actually completed 2,350 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting, HOW BE 8-2 Production budget Obj. 4 Pasadena Candle Inc. projected sales of 800,000 candles for January. The estimated January 1 inventory is 35,000 units, and the desired January 31 inventory is 20,000 units. What is the bud- geted production (in units) for January? HOW BE 8-3 Direct materials purchases budget Obj. 4 Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. E HOW BE 8-4 Direct labor cost budget Obj. 4 Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. ME HOW BE 8-5 Cost of goods sold budget Obj. 4 Prepfire a cost of goods sold budget for Pasadena Candle Inc. using the information in Basic Exercises 3 and 4. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively. Factory overhead was budgeted at $300,000. BE 8-6 Cash budget Obj. 5 Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to be $40,000 for August and $36,000 for September, what are the budgeted cash payments for purchases on account for SeptemberStep by Step Solution
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