Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP ANSWER ALL OF THESE PARTS! Thank you Sales budget: Anticipated volume in units Unit selling price 402,100$23204,400$27 Production budget: - Desired ending finished

PLEASE HELP ANSWER ALL OF THESE PARTS! Thank you
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sales budget: Anticipated volume in units Unit selling price 402,100$23204,400$27 Production budget: - Desired ending finished goods units Beginning finished goods units 29,90033,30018,10014,600 Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 131,10042,500$2216,70012,000$4 Direct labor budget: Direct labor time per unit Direct labor rate per hour 0.3$120.6$12 Budgeted income statement: Total unit cost $13$21 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $664,000 for product JB50 and $365,000 for product JB60, and administrative expenses of $545,000 for product JB 50 and $345,000 for product JB60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% Prepare the sales budget for the year. Prepare the production budget for the year. DELEON INC. Direct Materials Budget JB50JB60 Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, eg. 52.5.) Prepare the budegeted multiple-step income statement for the vear (Nnte inrome favoc ara natalloratadtintha wrartiate $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Top Accounting And Auditing Issues For 2023

Authors: CCH Tax Law Editors

1st Edition

0808059335, 978-0808059332

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago

Question

3. Identify the methods used within each of the three approaches.

Answered: 1 week ago

Question

a. When did your ancestors come to the United States?

Answered: 1 week ago