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please help for 27-1 and 27-2 Exercises Learning Objective 2 Exercise 27-1 Objective: To prepare sales and production budgets Westminster Corporation begins 20XI with a
please help for 27-1 and 27-2
Exercises Learning Objective 2 Exercise 27-1 Objective: To prepare sales and production budgets Westminster Corporation begins 20XI with a 200-unit inventory of gold bracelets and a 350-unit inventory of gold tennis bracelets. Sales for the year are projected to be 3.200 and 7,400 units, respectively. Ending inventories are predicted to be 500 units of gold bracelets and 1,000 units of gold tennis bracelets. Unit sales prices are $600 for gold bracelets and $820 for gold tennis bracelets. Directions: Prepare sales and production budgets for 20X1. Check Figure Total budgeted sales - $7,988,000 Exercise 27-2 Learning Objective 2 Objective: To prepare direct materials purchases, direct labor cost, factory Check Figure Total projected purchases overhead, and cost of goods manufactured budgets Foxhurst Corporation plans to produce 1,700 units of stainless steel watches in 20X1 Per-unit direct materials costs are $200. The firm begins the year with an inventory of $6,000 and plans to end the year with an inventory of $9,000. Per-unit labor costs are $100, while per-unit factory overhead costs are estimated at 80% of direct labor costs. Directions: Prepare the following budgets for 20X1: direct materials purchases, direct labor cost, factory overhead, and cost of goods manufactured Step by Step Solution
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