Answered step by step
Verified Expert Solution
Question
1 Approved Answer
May you help me answer the yellow highlighted questions? All questions on this assignment pertain to SB Manufacturing (SBM) SBM is a manufacturing company that
May you help me answer the yellow highlighted questions?
All questions on this assignment pertain to SB Manufacturing (SBM) SBM is a manufacturing company that makes two products, P1 and P2. The objective of this assignment is to work through various aspects of SBM's budget for 2018 PART 1 DATA 2018 projected sales P1 P2 2018 projected Finished Goods inventory balance (units) P1 P2 Calculate the following forecasts based upon the Price Product Sales 48,000 83,000 $64.00 $77.00 12/31/2018 Product 10,000 22,000 12,000 20,000 above data Forecast Revenues from Product 1 (P1) Forecast Revenues from Product 2 (P2) Forecast Total Revenues How many units of P1 should SBM $3,072,000 $6,391,000 $9,463,000 50,000 manufacture in 2018? How many units of P2 should SBM 81,000 manufacture in 2018? DATA 2018 Projected Production standards Beginning Balance Ending Balance Units per P1 Units per P2 Unit cost of input $40.00 $36.00 Direct labor hrs T1 Direct labor hrs T2 Machine hrs Lbs of Z1 Units of Z2 Feet of 23 0.2 0.3 0.025 0.01 42.000 47,000 60,000 66,000 75,000 70,000 $1.50 $2.00 $0.75 The production of P1 and P2 requires direct labor [2 types), machine hours and direct materials 3types:21, 22, and 23]. Input-output relations are given in the table above per unit of output. Input prices are per unit of input such as a pound, hour. foot, or unit. ine the following amounts Based on your an need to satisfy production goals for 2018 swers provided in Part 1 determi The total number of T1labor hours required The total number of T2 labor hours required The total number of machine hours required T he total number of ID3. of input & l required The total number of units of input Z2 required The total number of feet of input 23 required What is the budget for T1 direct labor [dollars]? What is the budget for T2 direct labor [dollars]? What is the total labor budget [dollars]? What is the purchases budget for Z1(dollars]? What is the purchases budget for Z2 [dollars]? What is the purchases budget for 23 (dollars)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started