Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

m ick the icon to view the materials and bori m the direct inventore and additional in So, in manufactures and snowboards Sides manufactures a

image text in transcribed
image text in transcribed
image text in transcribed
m ick the icon to view the materials and bori m the direct inventore and additional in So, in manufactures and snowboards Sides manufactures a single modele Pex, in late 2017. Side's management accountant gathered the following data to prepare budget for January 2018 C on D eco Du Table acturing or content overhead and Engineer) de rourements Totalche Budged balances January 31 2018 we as follow More info vertory Property, plant and Accounts payable mentine 855.000 100 Shoes Variable manufacturing over 15 per direct manating laborhout There are 1.200 and fed mang e geben direct manaungborou Variable marketing costs are located at the rate of operates all the ma g ical for sales vies during January 2018. Finally, there are $.000 in fed normaacturing costs budgeted for January 2018 Selected budget formation for December 2017 follows Cashbac December 31, 2017 15.000 0.000 BO Customer care pot with From por cedes's account fotowing mot Accounts payable only to the purchase of direct materias Drect e re purchased on credth 30% of rec m a purchases paid during the more of purchased o n the more purcha w o g and the 14.000 foot tantung curing more and n 3 Check Answer Question 2017 Sid h ani dhe acima % P6-43 (similar to) Slies, Inc., manufactures and sols snowboards Slides manufactures a single model, the Pipex in management accountant gathered the following data to prepare budget for January 2018: Click the icon to view the budgeted balances and additional Information pertaining to the Click the icon to view the additional variable and feed manufacturing cost information) pries, and addition Data Table paterial purchases Materials and Labor Requirements 29 200 Total cash payments for faed overhead Prepare a cash budget for January 2018. (a box is not used in the tableave the box empty do Direct materials Wood 12 board feet (b.1.) per snowboard 10 yards per snowboard 6 hours per snowboard Fiberglass Direct manufacturing labor Slides, Inc. Cash Budget Requirements Sides' CEO expects to sell 3.100 snowboards during January 2018 at an estimated retail price of $850 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 700 snowboards in stock 1. Direct Materials inventories Beginning inventory 1/1/2018 Ending Inventory 1/31/2018 2,060 but 1,550 but 1,060 yards 2,050 yards Fiberglass 2. Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for feed manufacturing and nonmanufacturing overhead. Slides is interested in maintaining a minimum cash balance of $100,000 a the end of each month. Wil Sides be in a position to pay the $150,000 dividend on January 31? Why do Slides's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) cash (b) accounts receivable (c) inventory (d) accounts payable and e) plugging in the balance for stockholders' 3. Wood Other data include: 2017 Unit Price 2018 Unit Price $ 33.00 per bot. $ 3500 per bal Fiberglass $ 9.00 per yard $ 10.00 per yard Direct manufacturing labor $ 20.00 per hour $ 30.00 per hour The invertoriable unit cost for endine finished-coods inventory on December 31, 2017. i $300.00 Prim Done] Print Done Check Answer P6-43 (similar to) Question Help con to view the m a ndatory to the docume n t and additional invent Sides, Inc., manufactures and sell wowboard Slides manufactures a single model, the Pipex, Inle 2017. Siides's management accountant gathered the following data to prepare budget for January 2018: Click the icon to view the budgeted balances and additional information pertaining to the 0 Reference Click the icon to view the additional variable and fixed manufacturing cost information) purchases Direct Total cash payments for fred overhead S 20.200 Revenue Budget For January 2018 Units Selling price Total revenues 3,100 $ 850 $ 2,635,000 Prepare a cash budget for January 2018. Of a box is not used in the table leave the box em Snowboards Slides Inc Cash Budget Requirements 1. Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Physical Units Budget To be used in production 38,400 but. 32.000 yards Add targetending inventory Total requirement 39.950 34,050 yards Deduct beginning inventory 1.050 Purchases to be made Cost Budget $1,326 500 $ 330,000 Purchase 1,550 Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts payable and for disbursements for fixed manufacturing and monmanufacturing overhead Slides is interested in maintaining a minimum cash balance of $100.000 the end of each month. We Sides be in a position to pay the $150,000 dividend on January 31? Why do Slides's managers prepare a cash budget in addition to the revenue expenses, and operating income budget? Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) cash (b) accounts receivable (c) inventory (d) accounts payable and (e) plugging in the balance for stockholders' equity 2,050 yards 3. 1900 $ 1.096 500 Direct Manufacturing Labor Costs Budget Print Done Answer Priet Done m ick the icon to view the materials and bori m the direct inventore and additional in So, in manufactures and snowboards Sides manufactures a single modele Pex, in late 2017. Side's management accountant gathered the following data to prepare budget for January 2018 C on D eco Du Table acturing or content overhead and Engineer) de rourements Totalche Budged balances January 31 2018 we as follow More info vertory Property, plant and Accounts payable mentine 855.000 100 Shoes Variable manufacturing over 15 per direct manating laborhout There are 1.200 and fed mang e geben direct manaungborou Variable marketing costs are located at the rate of operates all the ma g ical for sales vies during January 2018. Finally, there are $.000 in fed normaacturing costs budgeted for January 2018 Selected budget formation for December 2017 follows Cashbac December 31, 2017 15.000 0.000 BO Customer care pot with From por cedes's account fotowing mot Accounts payable only to the purchase of direct materias Drect e re purchased on credth 30% of rec m a purchases paid during the more of purchased o n the more purcha w o g and the 14.000 foot tantung curing more and n 3 Check Answer Question 2017 Sid h ani dhe acima % P6-43 (similar to) Slies, Inc., manufactures and sols snowboards Slides manufactures a single model, the Pipex in management accountant gathered the following data to prepare budget for January 2018: Click the icon to view the budgeted balances and additional Information pertaining to the Click the icon to view the additional variable and feed manufacturing cost information) pries, and addition Data Table paterial purchases Materials and Labor Requirements 29 200 Total cash payments for faed overhead Prepare a cash budget for January 2018. (a box is not used in the tableave the box empty do Direct materials Wood 12 board feet (b.1.) per snowboard 10 yards per snowboard 6 hours per snowboard Fiberglass Direct manufacturing labor Slides, Inc. Cash Budget Requirements Sides' CEO expects to sell 3.100 snowboards during January 2018 at an estimated retail price of $850 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 700 snowboards in stock 1. Direct Materials inventories Beginning inventory 1/1/2018 Ending Inventory 1/31/2018 2,060 but 1,550 but 1,060 yards 2,050 yards Fiberglass 2. Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disbursements for feed manufacturing and nonmanufacturing overhead. Slides is interested in maintaining a minimum cash balance of $100,000 a the end of each month. Wil Sides be in a position to pay the $150,000 dividend on January 31? Why do Slides's managers prepare a cash budget in addition to the revenue, expenses, and operating income budget? Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) cash (b) accounts receivable (c) inventory (d) accounts payable and e) plugging in the balance for stockholders' 3. Wood Other data include: 2017 Unit Price 2018 Unit Price $ 33.00 per bot. $ 3500 per bal Fiberglass $ 9.00 per yard $ 10.00 per yard Direct manufacturing labor $ 20.00 per hour $ 30.00 per hour The invertoriable unit cost for endine finished-coods inventory on December 31, 2017. i $300.00 Prim Done] Print Done Check Answer P6-43 (similar to) Question Help con to view the m a ndatory to the docume n t and additional invent Sides, Inc., manufactures and sell wowboard Slides manufactures a single model, the Pipex, Inle 2017. Siides's management accountant gathered the following data to prepare budget for January 2018: Click the icon to view the budgeted balances and additional information pertaining to the 0 Reference Click the icon to view the additional variable and fixed manufacturing cost information) purchases Direct Total cash payments for fred overhead S 20.200 Revenue Budget For January 2018 Units Selling price Total revenues 3,100 $ 850 $ 2,635,000 Prepare a cash budget for January 2018. Of a box is not used in the table leave the box em Snowboards Slides Inc Cash Budget Requirements 1. Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Physical Units Budget To be used in production 38,400 but. 32.000 yards Add targetending inventory Total requirement 39.950 34,050 yards Deduct beginning inventory 1.050 Purchases to be made Cost Budget $1,326 500 $ 330,000 Purchase 1,550 Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts payable and for disbursements for fixed manufacturing and monmanufacturing overhead Slides is interested in maintaining a minimum cash balance of $100.000 the end of each month. We Sides be in a position to pay the $150,000 dividend on January 31? Why do Slides's managers prepare a cash budget in addition to the revenue expenses, and operating income budget? Prepare a budgeted balance sheet for January 31, 2018 by calculating the January 31, 2018 balances in (a) cash (b) accounts receivable (c) inventory (d) accounts payable and (e) plugging in the balance for stockholders' equity 2,050 yards 3. 1900 $ 1.096 500 Direct Manufacturing Labor Costs Budget Print Done Answer Priet Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions