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please answer all 18 parts and make sure the whole worksheet is there HW Score: 47654,3.81 of it pts Homework: Chapter 22 Homework Score: 0.25
please answer all 18 parts and make sure the whole worksheet is there
HW Score: 47654,3.81 of it pts Homework: Chapter 22 Homework Score: 0.25 of 1 pt 4 of 8 15 cm BP22-50B (similar to) The Ordre Company marcas restorbye Grady streefox 570 each Gray pagtore One data for Grady The Company exy by developing a master budget by grade sheet for December 31, 2016. flows le container mick then to view) Reads Otono 0 Requirement 1. Prepare Grating bud ch badet for 2010 byret. Required Whedules and budget de les budget production budget directories budget director butont manufacturing overhead boot cost of goods sola bading and depende budgethode of cash recipe of cash payments, and cash buget, Mandung overtido ed based on credor hours Round ca 10 nearest Begin hy preparing the budget Oracy The Company Bala Culgar Father Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter Quarter Total Solus proport Tas Enter any umber in the weldd then click Check Answer parts CHA Check Awer Homeworkcaspxhomewordd5981841028 question thede 0805centerwinyes pter 22 Homework 4 of 8 16 completa Data Table es racing tires for boycles. Grady se get by quarters. Grady's balance she shoot) rating budget and cash budget for 201 dministrative expenso budgesche Grady Tire Company Balance Sheet December 31, 2018 materiais budget direct labor budget bosts are allocated based on direct labe $ Grady Tire Company Sales Budget the Year Ended December 31, 2010 First Second Third water Quarter Quarter 65.000 0.000 5.000 54000 Current Asset Cash Account Reco Raw Materials inventory Finished Goods Inventory Tol Current Property Plant and Equipment Equipment Les Acum Deon Total 5 124.000 177.000 9.000 155.000 Current elds and then click Check Answer Print Done g 3 5 6 8 E R T T Y o D F G H J K Assignment Do Homework Chapter 22H X tudentPlayerHomework.aspx homeworkld-598184102&questioni rushed 8068centerwinyes Kalyn Yut apter 22 Homework 40f8com HW 5) res racing tires for bicycles Grady udget by quarters Grady's balance she no Sheet Data Table 0.000 operating budget and cash budget for 20 and administrative expense budget, sche 5.600 14.000 il budget direct labor Budget Jouts are located based on direct labore Accounts Receivable Raw Materventory Finished Goods Invertory Total Current Assets Property Plant, and Equipment Em L AccuWed Decation $ 14.000 DOL Grady The Company Sales Budget of the Year Ended December 31, 2015 First Second Thi Quarter Quarter Quarter 177.000 GO 000 22.000 3.000 Total Assets Current Accounts Payable $ Stockholdersity Common Stocktor 150.000 Rated Emine Tooty 2 800 242.600 Golds and then click Check Answer Pet Done US 3 5 9 E R D G . K . More Info x (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) Budgeted sales are 1,000 tires for the first quarter and expected to increase by 50 tires per quarter. Cash a. sales are expected to be 40% of total sales, with the remaining 60% of sales on account. b. Finished Goods Inventory on December 31, 2018 consists of 400 tires at $35 each. Desired ending Finished Goods Inventory is 20% of the next quarter's sales, first quarter sales for 2020 are C. expected be 1,200 tires. FIFO inventory costing method is used. Raw Materials Inventory on December 31, 2018, consists of 800 pounds of rubber compound used to d. manufacture the tires. Direct materials requirements are 2 pounds of a rubber compound per tire. The cost of the compound is e. $7.00 per pound Desired ending Raw Materials Inventory is 20% of the next quarter's direct materials needed for production; desired ending inventory for December 31, 2019 is 800 pounds; indirect materials are f. insignificant and not considered for budgeting purposes. g. Each tire requires 0.40 hours of direct labor, direct labor costs average $16 per hour. h. Variable manufacturing overhead is $2 per tire. Fixed manufacturing overhead includes $4,000 per quarter in depreciation and $14,630 per quarter for i. other costs, such as utilities, insurance, and property taxes. Fixed selling and administrative expenses include $12,500 per quarter for salaries: $3,600 per quarter for 1. rent; $1,650 per quarter for insurance; and $500 per quarter for depreciation. K. Variable selling and administrative expenses include supplies at 1% of sales. Capital expenditures include $30,000 for new manufacturing equipment, to be purchased and paid in the 1. first quarter. Print Done Step by Step Solution
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