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PART 3 Budgets Division N has decided to develop its budget based upon projected sales of 2 5 , 0 0 0 lamps at $
PART
Budgets
Division has decided to develop its budget based upon projected sales of lamps at $ per lamp.
The company has requested that you prepare a master budget for the year. This budget is to be used for planning and control of operations and should be composed of:
Production Budget
Materials Budget
Direct Labor Budget
Factory Overhead Budget
Selling and Administrative Budget
Cost of Goods Sold Budget
Budgeted Income Statement
Cash Budget
Notes for Budgeting:
The company wants to maintain the same number of units in the beginning and ending inventories of workinprocess, and electrical parts while increasing the inventory of Lamp Kits to pieces and decreasing the finished goods by
Complete the following budgets
Production Budget
Planned Sales
Desired Ending Inventory of Finished Goods
Total Needed
Less: Beginning Inventory
Total Production
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