please help to answer requirment 10-13
10. Prepare a cost of goods sold budget for January 2018. 11. Prepare the budgeted income statement for Snowmass, Inc., for January 2018. 12. What questions might the CEO ask the management team when reviewing the budget? Should the CEO set stretch targets ? Explain briefly. 13. How does preparing the budget help Snowmass's management team better manage the company? Print Done goods inventory uses a FIFO inventory method for both direct materials and finis Read the requirements. Requirements b.f. i Data Table Materials and Labor Requirements Direct materials Wood 13 board feet (b.f.) per snowboard Fiberglass 11 yards per snowboard Direct manufacturing labor 7 hours per snowboard revenues budget (ind production budget (in usage and purchases uring labor costs budg verhead costs budget ufacturing overhead ra jufacturing overhead ca pwboard manufactured bry budget for both dire Print Done 8. 12. pld budget for January repare the vuugere come statement for Snow 2018. What questions might the CEO ask the managem the budget? Should the CEO set stretch targets ? How does preparing the budget help Snowmass's manage the company? 13. nd then continue to the next question. Print Done The inventoriable unit cost for ending finished goods inventory uses a FIFO inventory method for both direct materials and finis Read the requirements. es) i Requirements Data Table More Info x get in d dget (in urchases sts budge Snowmass's CEO expects to sell 3,400 snowboards during January 2018 at an estimated retail price s budget of $1,000 per board. Further, the CEO expects 2018 beginning inventory of 700 snowboards and Trhead re would like to end January 2018 with 800 snowboards in stock. prhead cc Print Done factured both direc Print Done January 2018 12. ld budget for January Prepare the vuugente come statement for Snow 2018. What questions might the CEO ask the managem the budget? Should the CEO set stretch targets? How does preparing the budget help Snowmass's manage the company? es Budget 8 13. aterials Print Done nput fields and then continue to the next question. ards. Snowmass manufactures a single model, the Pipex. In late 2017, The following data to prepare budgets for January 2018: T requirements) on.) entories) Other data include: (Click the icon to view the other data.) The inventoriable unit cost for ending finished goods inventory on uses a FIFO inventory method for both direct materials and finishe Read the requirements. on.) Requirements Data Table Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 2,060 b.f. 1,560 b.f. 1,060 yards 2,060 yards Kget (in dolla dget (in uni urchases bu sts budget f budget for brhead rate f rhead cost Wood Fiberglass factured in both direct me Print Done et for January 2018 12. Jet for January 201 Prepare me bugeteu mcome statement for Snowma 2018. What questions might the CEO ask the management the budget? Should the CEO set stretch targets? Exp How does preparing the budget help Snowmass's ma manage the company? hases Budget 2018 13. Materials the input fields and then continue to the next question. Print Done e following data to prepare budgets for January 2018: requirements) on.) (Click the icon to view the other data.) The inventoriable unit cost for ending finished goods inventory or uses a FIFO inventory method for both direct materials and finish Read the requirements. entories) on.) Requirements More Info Variable manufacturing overhead is $16 per direct manufacturing labor-hour. There are also $98,000 in fixed manufacturing overhead costs budgeted for January 2018. Snowmass combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $310 per sales visit. The marketing plan calls for 40 sales visits during January 2018. Finally, there are $37,000 in fixed nonmanufacturing costs budgeted for January 2018. get (in dol dget (in us urchases sts budget budget fc brhead rate hrhead cos factured in both direct Print Done et for January 2018. 12. January 20 Prepare me vuagereer come statement for Snown 2018. What questions might the CEO ask the managemen the budget? Should the CEO set stretch targets? E- How does preparing the budget help Snowmass's manage the company? hases Budget 2018 13. Materials Print Done the input fields and then continue to the next question. Other data include: ards. Snowmass manufactures a single model, the Pipex. In late 2017, he follo er requi i Data Table tion.) ventoric tion.) 2017 Unit Price 2018 Unit Price turing o Wood $ $ $ 34.00 per b.f. 10.00 per yard 30.00 per hour $ 36.00 per b.f. 11.00 per yard 31.00 per hour Fiberglass Direct manufacturing labor e approp $ $ Tota Print Done cturing og he appropriate amounts to calcula 1 More Info Output units produced Variable manufacturing overhead is $16. per direct manufacturina labor in fixed variable Data Table 3500 Other data include Click the icon to view the other data) The inventoriable unit com for ending frihed goods inventory on December 31, 2017, 3.200.00 Asume Snowman uses a FIFO inventory method for both direct materials and finished goods or work in process in your calculations Read the Snowmass, Inc., manufactures and se snowboards Snowmass manufactures a single model, the pe. In late 2017 Snowmass management accountant gathered the following data to prepare budgets for January 2016 (Click the icon to view the materials and labor requirements Click the boon to view the additional information) Click the icon to view the direct materials inventories) (Click the icon to view the additional information) Cost of Goods Sold Budget For January 2018 Beginning finished goods invertory, January 1 Direct materials used Direct manufacturing labe Manufacturing overhead Cost of goods manufactured Cost of goods available for sale Deductending the goods inventory, January 31 Cost of goods sold Requirement 11. Prepare the budgeted income statement for Snowman for January 2018 Budgeted Income Statement For January 2018 Revenue Cost of goods sold Choose from any sorter any number in the inputs and then continue to the next question o Other datinue Snowmans, Inc., manufactures and sell snowboards Snowmass manufactures a single model the exInte 2017, Snowma's management accountant gathered the following data to prepare budget for January 2018 Click the loon to view the materials and wor requirements) Click the icon to view the additional information) Click the icon to view the direct materials inventories) Click the icon to view the additional information) The inventore unit cost foranding finished goods inventory on December 31, 2017. i 1200.00. A Snowman us FIFO invertory method for both direct and the goods more work in proces in your cons Read the Budgeted Income Statement For January 2018 Revenues Cost of goods sold Grossman Operating thomanarinaco Opening income Requirement 12. What questions in the CEO the management team when reviewing the budget? Shoe CEO at sich aby Pinteresting the CEO the marketing manager electroly) Nowe to that the CEO the production manager) Choose from any or any number in the routes and then continue to the o Snowmass, Inc., manufactures and sols snowboards Snowmass manufactures a single model the Poex. Inte 2017 Snowmass's management accountant gathered the following data to prepare budget for January 2018 Click the icon to view the materials and labor requirements) Click the icon to view the additional information) Click the loon to view the direct materials inventories) Cack the con to the additional information) Other data include Click the icon to view the other) The inventoriable unit cost for ending finished goods inventory on December 31, 2017, 5200.00. Assume Snowmass unes a FIFO inventory method for both direct materials and finished goods. Ignore work in proces in your calculations Read the Now, select the stone that the CEO might as the production manager. Select all that Should the CEO stretch target Explain they The CEO because the apply) Requirement 13. How does in the budgethe Snowman management team better manage the company Choose from any list or horary number in the inputs and then continue tot
