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Need help completing the assignment Required information [The following information applies to the questions displayed below] Black Diamond Company produces snowboards. Each snowboard requires 3
Need help completing the assignment
Required information [The following information applies to the questions displayed below] Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports that 5,100 snowboards and 6,100 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 151,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,600 snowboards and 4,100 pounds of carbon fiber in inventory. Carbon fiber costs $16 per pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted at the rate of $9 per direct labor hour. The company budgets fixed overthead of $1,783,000 for the quarter. Aequired: 1. Prepare the production budget for the third quartet. Holt Desired ending inventory units are given. Required information (The following information applies to the questions displayed beiow] Black Diamond Company produces snowboards. Each snowboard requires 3 pounds of carbon fibec. Management reports that 5,100 snowboards and 6,100 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 151,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,600 snowboards and 4,100 pounds of carbon fiber in irwentory. Carbon fiber costs $16 per pound. Each snowboard requires 0.5 hour of direct labor at $21 per hout Variable overheid is budgeted at the rate of $9 per direct labor hour. The company budgets fixed overhead of $1,783,000 for the quarter. 2. Prepare the direct materials budget for the third quarter. Required information [The following information applies to the questions displayed below.] Black Diamond Compiny produces snowboards. Each snowboard requires 3 pounds of carbon fiber. Management reports that 5,100 snowboards and 6,100 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 151,000 smowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,600 snowboards and 4,100 pounds of cazbon fiber in imventory. Carbon fiber costs $16 per pound. Each snowboard requires 0.5 hour of direct labor at $21 per hour. Variable overhead is budgeted at the rate of $9 per direct labor hour. The compary budgets fixed overhead of $1,783,000 for the quarter. 3. Prepare the direct labor budget for the third quarter. Required intormation [The folowihg infomation apoles to the questions difpliged below] Book Dimond Cornpary produces snowboards. Each snowbourd requiren 3 pounds of carbon fibec Management reports that 5,00 snowboarts and 6.700 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that Stooo snowboards are budgeted to be sold during the third quartec Management wants to end the third quarter with 3.600 snowbourds and 4100 pound of carbon fiber in imventory. Carbon fiber costs $16 per pound. Each snowboard meoures 05 hour of dimect tabor at $21 per houc Variable overhead is budgeted at the rate of 59 per direct labor houe The compery budgets fixed overhead of $1783,000 for the quarter 4. Prepare the foctory overtiead budget for the third quarter: Required information [The following itformation applies to the questions displayed beiow] Euit-Tight is preparing its master budget. Budgeted sales and cash payments follow: Sales to customers are 25% cash and 75% on credit. Sales in June were $60.000. All credit sales are collected in the month following the sale. The June 30 balance street includes balances of $25,000 in cash and $5,500 in loans payable A minimum cash balance of $25.000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $25,000 Interest is 19 per month based on the beginning-ofthe-month loan balance and is paid at each month-end. Any preliminary cash balance above $25,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10\% of sales), office salaries (\$4,500 per month), and rent (\$7,000 per month) 1. Prepare a schedule of cash receipts for the months of July, August, and September. Required information The following information appies to the questions disployed below] Buil-Tight is preparing its master budget Budgeted sales and cash payments follow: Sales to customers are 25\% cash and 75% on credit. Sales in June were $60,000. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $25,000 in cash and $5,500 in loans payable. A minimum cash balance of $25,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $25,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $25,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10\% of sales), office solaries (\$4,500 per month), and rent (\$7,000 per month) 2. Prepare a cash budget for the months of July. August, and September. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars. Required information Pequired information [The fonowing information applics to the questions disployed below] Phoenix Compony reports the follawing fored budget. it is based on an expected production and sales volume of 15,200 units Pheenir Company reports the following actual results Actual sales were 18.200 units. variance Step by Step Solution
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