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Need help with master budget in managerial accounting . Sales forecast for 20x0 (all units to be shipped in 20x0) oduct Units ric Light coil63,330
Need help with master budget in managerial accounting
. Sales forecast for 20x0 (all units to be shipped in 20x0) oduct Units ric Light coil63,330 430 Heavy coil 43,000 . Raw-material prices and inventory levels: Expected Inventories Januany 1, 20x0 41,000 1b 38,0e0 1b Desired Inventories, December 31, 20xe 45,000 1b 41,000 1b. Anticipated Purchase Price Raw Material Sheet metal Copper wire Platform $16 10 6 6,300 units 7.300 units . Use of raw material: Amount Used per Unit Rav Sheet metal Coppen wire Platform MaterialLight coil Heavy Coil 4 1b- 5 1b 3 1b. 1 unit 2 1b. . Direct-labor requirements and rates: ProductHours per unit Light coil Heavy coill Rate per Hour $ 1a 15 4 - Finished-goods inventories (in units) Expected January Desired December 31, Product Light coil Heavy coil 1, 20x0 28,000 8,000 20x0 33,000 9,000 Production overhead yity! Based Budget overhead Cost Item Purchasing and material handling Depreciation, utilities, and inspection Shipping General production overhead o 70 per pound of sheet metal and copper wire purchased $6.00 per coil produced either type) $2.00 per coill shipped (either type $4.00 per direct labor hour 2. Prepare the production budget (in units) for 20x0 Production Budget (in units) for 20x0 Light Coils Heavy Coils Projected sales Total requirements Production required (units)Step by Step Solution
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