I'm not sure how to calculate the (Less:Beginning Inventory),which is making (Total Production)(7.01) incorrect.

And for the second part, I dont know how to calculate the (Cost per piece) to move on, or the formulas for this sheet in general.

That is all the information that is given in the question.

3 Division N has decided to develop its budget based upon projected sales of 29,000 lamps at $50.00 per lamp To The company has requested that you prepare a master budget for the year. This budget is to be used 11 for planning and control of operations and should be composed of: 12 13 1. Production Budget 19 20 2. Materials Budget 21 22 3. Direct Labor Budget 23 29 4. Factory Overhead Budget 30 31 5. Selling and Administrative Budget 32 33 6. Cost of Goods Sold Budget 39 40 7. Budgeted Income Statement 41 42 8. Cash Budget 43 49 Notes for Budgeting: 50 51 52 The company wants to maintain the same number of units in the beginning and ending inventories of 53 work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 525 places and 59 decreasing the finished goods by 20% 60 61 Complete the following budgets 62 1 Production Budget 69 70 Planned Sales 29000 71 Desired Ending Inventory of Finished Goods 1680 72 Total Needed 30680 Less: Beginning Inventory 1420/20100= 2100 79 BO Total Production wrong. 28580 63 73 {7.01) 81 B2 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S##.##) 28,580 units 525 units 29,105 units 500 units (8.01) (8.02) (8.03) (8.04) 28,605 units this one {8.05) (8.06) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) {8.07) (8.08) 9 po 01 02 03 04 05 06 07 1108 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S####) Fixed Factory Overhead Total Factory Overhead (Round to two placos, $####) (8.09) (8.10) (8.11) - E79 xv fx B D E 1 Rasa Dubovic 2 1222 3 4 PART 3 Budgets 5 8 Division N has decided to develop its budget based upon projected sales of 29,000 lamps at 9 $50.00 per lamp 10 The company has requested that you prepare a master budget for the year. This budget is to be use 11 for planning and control of operations and should be composed of 12 11. Production Budget 19 20 2 Materials Budget 21 22 3. Direct Labor Budget 22 29 4. Factory Overhead Budget 30 31 5 Selling and Administrative Budget 32 33 6. Cost of Goods Sold Budget 39 40 7. Budgeted Income Statement 41 42 8. Cash Budget 4 49 Notes for Budgeting 52. The company wants to maintain the same number of units in the beginning and ending inventories of 53 work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 525 pieces and 50 decreasing the finished goods by 20% 61 Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning inventory Total Production 8888888Rreges 88 29000 1680 30680 1220720100= 2100 79 wrong 28580 (7.01) 3 Division N has decided to develop its budget based upon projected sales of 29,000 lamps at $50.00 per lamp To The company has requested that you prepare a master budget for the year. This budget is to be used 11 for planning and control of operations and should be composed of: 12 13 1. Production Budget 19 20 2. Materials Budget 21 22 3. Direct Labor Budget 23 29 4. Factory Overhead Budget 30 31 5. Selling and Administrative Budget 32 33 6. Cost of Goods Sold Budget 39 40 7. Budgeted Income Statement 41 42 8. Cash Budget 43 49 Notes for Budgeting: 50 51 52 The company wants to maintain the same number of units in the beginning and ending inventories of 53 work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 525 places and 59 decreasing the finished goods by 20% 60 61 Complete the following budgets 62 1 Production Budget 69 70 Planned Sales 29000 71 Desired Ending Inventory of Finished Goods 1680 72 Total Needed 30680 Less: Beginning Inventory 1420/20100= 2100 79 BO Total Production wrong. 28580 63 73 {7.01) 81 B2 2 Materials Budget Lamp Kits Needed for Production Desired Ending Inventory Total Needed Less: Beginning Inventory Total Purchases Cost per piece Cost of Purchases (Round to two places, S##.##) 28,580 units 525 units 29,105 units 500 units (8.01) (8.02) (8.03) (8.04) 28,605 units this one {8.05) (8.06) 3 Direct Labor Budget Labor Cost Per Lamp Production Total Labor Cost (Round to two places, $##.##) {8.07) (8.08) 9 po 01 02 03 04 05 06 07 1108 4 Factory Overhead Budget Variable Factory Overhead: Variable Factory Overhead Cost Per Unit Number of Units to be Produced Total Variable Factory Overhead (Round to two places, S####) Fixed Factory Overhead Total Factory Overhead (Round to two placos, $####) (8.09) (8.10) (8.11) - E79 xv fx B D E 1 Rasa Dubovic 2 1222 3 4 PART 3 Budgets 5 8 Division N has decided to develop its budget based upon projected sales of 29,000 lamps at 9 $50.00 per lamp 10 The company has requested that you prepare a master budget for the year. This budget is to be use 11 for planning and control of operations and should be composed of 12 11. Production Budget 19 20 2 Materials Budget 21 22 3. Direct Labor Budget 22 29 4. Factory Overhead Budget 30 31 5 Selling and Administrative Budget 32 33 6. Cost of Goods Sold Budget 39 40 7. Budgeted Income Statement 41 42 8. Cash Budget 4 49 Notes for Budgeting 52. The company wants to maintain the same number of units in the beginning and ending inventories of 53 work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 525 pieces and 50 decreasing the finished goods by 20% 61 Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning inventory Total Production 8888888Rreges 88 29000 1680 30680 1220720100= 2100 79 wrong 28580 (7.01)