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Need help with requirements 7-10 asap. having really hard time getting this all together. Budget Data Projected Direct Manufacturing Labor Data Projected direct manufacturing labor
Need help with requirements 7-10 asap. having really hard time getting this all together.
Budget Data Projected Direct Manufacturing Labor Data Projected direct manufacturing labor requirements and rates for 2020 are: Actual and Projected Direct Materials Data The Chen Corporation manufactures and sels two products: Thingone and Thingtwo In July 2019. Chen's budget department gathered the following data to prepare Dudgets for 2020 (Click the icon to vew the budget data.) (Cick the icon to vew the actual and projected direct materiats data) (Click the icon to view the projected direct manutactuing labor data.) Manufacturing overhead is allocated at the rate of 524 per direct manufacturing labor-hour Read the Requirement 1. Prepare the revenues budget (in dollars). Revenues Budget For the Year Ending December 31, 2020 Requirement 2. What questions might the CEO ask the matketing manager wher reviewng the revenues budget? Explain belefly (Select at that appy) Should the company increase maketing and adveitising spending to grow sales? is the fevenue growing fisier than the maket? Wound uncreasing the saies force or gning salespersons stronger incentwes resua in higher sales? Requirement 3. Prepare the production budget (in units). Production Budget (in Units) For the Year Ending December 31, 2020 Requirement 4. Prepare the direct material purchases budget (in quantities). (For entries with a o baliance, make sure to enter 0 in the appropriate feid ) Direct Materials Purchases Budget (in Quantities) For the Year Ending December 31,2020 A B C To be used in production Thingone Thingtwo Total Add target ending inventory Total requirements quirement 5. Prepare the direct material purchases budget (in dollars). Direct Materials Purchases Budget (in Dollars) Direct Manufacturing Labor Costs Budget For the Year Ending December 31, 2020 Requirement 7. Prepare the budgeted finished-goods inventory at December 31, 2020 (in dollars). Begin by calculating finished goods for Thingone, then calculate Thingtwo and the total budgeted finished goods (For entries with a 50 balance, make s enter 0 in the appropriate field) Thingone: Direct materials costs per unit: A B C Direct manufacturing labor costs per unit Manufacturing overhead costs per B C Direct manufacturing labor costs per unit Manufacturing overhead costs per unit of Thingone Budgeted manufacturing costs per unit Finished goods inventory of Thingone 8. What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labor budgets? 9. How does preparing a budget help Chen Corporation's top management better manage the company? Budget Data Projected Direct Manufacturing Labor Data Projected direct manufacturing labor requirements and rates for 2020 are: Actual and Projected Direct Materials Data The Chen Corporation manufactures and sels two products: Thingone and Thingtwo In July 2019. Chen's budget department gathered the following data to prepare Dudgets for 2020 (Click the icon to vew the budget data.) (Cick the icon to vew the actual and projected direct materiats data) (Click the icon to view the projected direct manutactuing labor data.) Manufacturing overhead is allocated at the rate of 524 per direct manufacturing labor-hour Read the Requirement 1. Prepare the revenues budget (in dollars). Revenues Budget For the Year Ending December 31, 2020 Requirement 2. What questions might the CEO ask the matketing manager wher reviewng the revenues budget? Explain belefly (Select at that appy) Should the company increase maketing and adveitising spending to grow sales? is the fevenue growing fisier than the maket? Wound uncreasing the saies force or gning salespersons stronger incentwes resua in higher sales? Requirement 3. Prepare the production budget (in units). Production Budget (in Units) For the Year Ending December 31, 2020 Requirement 4. Prepare the direct material purchases budget (in quantities). (For entries with a o baliance, make sure to enter 0 in the appropriate feid ) Direct Materials Purchases Budget (in Quantities) For the Year Ending December 31,2020 A B C To be used in production Thingone Thingtwo Total Add target ending inventory Total requirements quirement 5. Prepare the direct material purchases budget (in dollars). Direct Materials Purchases Budget (in Dollars) Direct Manufacturing Labor Costs Budget For the Year Ending December 31, 2020 Requirement 7. Prepare the budgeted finished-goods inventory at December 31, 2020 (in dollars). Begin by calculating finished goods for Thingone, then calculate Thingtwo and the total budgeted finished goods (For entries with a 50 balance, make s enter 0 in the appropriate field) Thingone: Direct materials costs per unit: A B C Direct manufacturing labor costs per unit Manufacturing overhead costs per B C Direct manufacturing labor costs per unit Manufacturing overhead costs per unit of Thingone Budgeted manufacturing costs per unit Finished goods inventory of Thingone 8. What questions might the CEO ask the production manager when reviewing the production, direct materials, and direct manufacturing labor budgets? 9. How does preparing a budget help Chen Corporation's top management better manage the company Step by Step Solution
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