Internal Operating Schedules Chapter 4 Section 4 4 Pages 138 142 Partial Credit earned with A D worth 25 points each Read the section on Internal Operating Schedules and refer to the figures and tables to complete the sections below Assume you have developed and tested a prototype electronic product and are about to start your new business You purchase pre programmed computer chips at $70 per unit Other component costs include plastic casings at $15 per unit and assembly hardware at $5 per unit Direct labor costs are $15 per hour and three units can be produced per hour You intend to sell each unit at a 50 percent mark up over the total costs of producing each unit The plan is to produce 500 product units per month in January, February, and March Sales are expected to be 200 units in January, 400 units in February, and 800 units in March Calculate the dollar amount of sales revenue expected in each month (i e , January, February, and March) and for the first quarter of the year Computer chips Plastic casings Assembly hardware Direct labor ($15 3) Total costs Mark up $ () Dollar Sales January February March First Quarter Prepare a cost of production schedule for January, February, and March Cost of Production Schedule Cost Per Unit January February March Production (units) 500 500 500 Production costs Computer chips Plastic casings Assembly hardware Direct labor Total costs Prepare a cost of goods sold schedule for each of the three months and for the first quarter of the year Using your cost of goods sold estimates and the sales revenues Internal Operating Schedules Chapter 4 Section 4 4 Pages 138 142 Partial Credit earned with A D worth 25 points each Read the section on Internal Operating Schedules and refer to the figures and tables to complete the sections below Assume you have developed and tested a prototype electronic product and are about to start your new business You purchase pre programmed computer chips at $70 per unit Other component costs include plastic casings at $15 per unit and assembly hardware at $5 per unit Direct labor costs are $15 per hour and three units can be produced per hour You intend to sell each unit at a 50 percent mark up over the total costs of producing each unit The plan is to produce 500 product units per month in January, February, and March Sales are expected to be 200 units in January, 400 units in February, and 800 units in March Calculate the dollar amount of sales revenue expected in each month (i e , January, February, and March) and for the first quarter of the year Computer chips Plastic casings Assembly hardware Direct labor ($15 3) Total costs Mark up $ () Dollar Sales January February March First Quarter Prepare a cost of production schedule for January, February, and March Cost of Production Schedule Cost Per Unit January February March Production (units) 500 500 500 Production costs Computer chips Plastic casings Assembly hardware Direct labor Total costs

Question

Internal Operating Schedules Chapter 4  Section 4 4 Pages 138 142 Partial Credit earned with A D worth 25 points each Read the section on Internal Operating Schedules and refer to the figures and tables to complete the sections below  Assume you have developed and tested a prototype electronic product and are about to start your new business  You purchase pre programmed computer chips at $70 per unit  Other component costs include  plastic casings at $15 per unit and assembly hardware at $5 per unit  Direct labor costs are $15 per hour and three units can be produced per hour  You intend to sell each unit at a 50 percent mark up over the total costs of producing each unit  The plan is to produce 500 product units per month in January, February, and March  Sales are expected to be  200 units in January, 400 units in February, and 800 units in March  Calculate the dollar amount of sales revenue expected in each month (i e , January, February, and March) and for the first quarter of the year  Computer chips Plastic casings Assembly hardware Direct labor ($15 3) Total costs Mark up   $ ()   Dollar Sales  January  February  March  First Quarter Prepare a cost of production schedule for January, February, and March  Cost of Production Schedule  Cost Per Unit January February March Production (units) 500 500 500 Production costs Computer chips Plastic casings Assembly hardware Direct labor Total costs Prepare a cost of goods sold schedule for each of the three months and for the first quarter of the year  Using your cost of goods sold estimates and the sales revenues Internal Operating Schedules Chapter 4  Section 4 4 Pages 138 142 Partial Credit earned with A D worth 25 points each Read the section on Internal Operating Schedules and refer to the figures and tables to complete the sections below  Assume you have developed and tested a prototype electronic product and are about to start your new business  You purchase pre programmed computer chips at $70 per unit  Other component costs include  plastic casings at $15 per unit and assembly hardware at $5 per unit  Direct labor costs are $15 per hour and three units can be produced per hour  You intend to sell each unit at a 50 percent mark up over the total costs of producing each unit  The plan is to produce 500 product units per month in January, February, and March  Sales are expected to be  200 units in January, 400 units in February, and 800 units in March  Calculate the dollar amount of sales revenue expected in each month (i e , January, February, and March) and for the first quarter of the year  Computer chips Plastic casings Assembly hardware Direct labor ($15 3) Total costs Mark up   $ ()   Dollar Sales  January  February  March  First Quarter Prepare a cost of production schedule for January, February, and March  Cost of Production Schedule  Cost Per Unit January February March Production (units) 500 500 500 Production costs Computer chips Plastic casings Assembly hardware Direct labor Total costs

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Internal Operating Schedules Chapter 4: Section 4.4 Pages 138-142 Partial Credit earned with A-D worth 25 points each Read the section on Internal Operating Schedules

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