Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Managerial Accounting. This is all the data given in the assignment. Appreciate any help thank you! Prepare: One Period Do not have to do Cash

Managerial Accounting. This is all the data given in the assignment. Appreciate any help thank you!

image text in transcribed

Prepare: One Period Do not have to do Cash portion of Budget [a] Sales budget [b] Ending FG Budget // Production Qty. [c] Direct Material budget [d] Direct Labor budget Manufacturing Overhead Budget COGS Chart [g] Selling Expense and Administrative Expense Budget [h] Statement of Income through Operating Income ( No interest] Do in order above No Balance sheet // No ending Cash Show work Use Class Examples le] Data Set Budget Period Next Period Unit Sales 22000 24000 Sales Price per unit $ 28.00 Ending FG inventory = 1/4 next period Sales units Beginning Material inventory 0.00 compute ending FG Qty./Inventory Beginning FG inventory 0.00 Ending Material inventory --- Fixed Manufacturing overhead per period = $ 60,000 Variable manufacturing overhead per unit $ 12.00 applied on direct labor hours Variable Selling and Administrative Expense $ 8.00 applied per unit sold Fixed Selling and Administrative Expense $ 14,000 Direct Labor rate per hr. = $ 11.00 Hr. of direct labor per unit 0.10 Hr. for production = the Direct labor hrs. paid; -o- extra hours paid lbs. of Material used per unit 0.30 cost per Lb. of material $ 2.00

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

Students also viewed these Accounting questions

Question

9. Understand the phenomenon of code switching and interlanguage.

Answered: 1 week ago