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please do it i am in hurry thanks Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is
please do it i am in hurry thanks
Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is as follows: Quarter 1 (Jan - Mar) 10,000 2 (Apr - Jun) Total 3 (Jul - Sep) 11,000 4 (Oct - Dec) 15,000 Sales (units) 15,000 51,000 Unit Price $150 $150 $150 $150 Production (units) 10,200 14,600 11,400 15,150 51,350 2 2 2 2 Raw material required per unit (Kilograms) Raw material price per kilogram $10 $10 $10 $10 1.5 1.5 1.5 1.5 Direct labour hours per unit $15 $15 $15 $15 Direct labour rate $25 $25 $25 $25 Manufacturing overhead allocations per unit $276,250 $291,250 $279,250 $291,250 $1,138,000 Selling, general and administrative expenses Required: For the third quarter of 2021 a) Calculate Bob's Bowling's cost of goods sold. Show your work. (3 marks) b) Prepare Bob's Bowling's budgeted multi-step income statement; ignore interest and taxes. (4 marks)Step by Step Solution
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