Please just fill in the unanswered questions no need to rewrite anything just put it in order per question thank you!
LearnCo year of operations, by preparing budgets from its master budget. budgeting for selling and administrative costs, and in creating a budgeted income statement showing a prediction of net income for 20Y2. You have been asked to assist the controller of LearnCo in preparing the 20 Z budgets. Sales Budget and general economic conditions. LearnCo has completed reviewing its prior year's sales and has prepared the following sales budget. oudgeted sales and desired inventory levels. You note that LearnCo has omitted six numbers from the following production budget and fill in the missing amounts. You may need to use numbers from the sales budget prepared. Feedback Check My Work Be sure to include the expected units to be sold for each model from the Sales Budget. Then review the preparation of the production budget and how the amounts Direct Materials Purchases Budget The direct materials purchases budget should be integrated with the production budget to ensure that production is not interrupted during the year. Materials Data Table, or from the sales budget and production budget you prepared. When required, round your answers to the nearest dollar. Direct Materials Data Table \begin{tabular}{lcr} \hline & Wood Pieces & Beads \\ \hline Packages required per unit: & & \\ Basic abacus & 1 & 2 \\ Deluxe abacus & 2 & 3 \\ Cost per package: & & \\ Wood pieces & $0.25 & \\ Beads & $0.25 \end{tabular} Units to be produced (from Production Budget): Basic abacus Deluxe abacus \begin{tabular}{l} Learnco \\ Direct Materials Purchases Budget \\ For the Year Ending December 31, 20Y2 \\ Direct Materials \\ Wood Pieces Beads Total \\ \hline \end{tabular} Packages required for production: Basic abacus Deluxe abacus LearnCo Direct Materials Purchases Budget For the Year Ending December 31, 20Y2 Direct labor needs from the direct labor cost budget should be coordinated between the production and personnel departments so that there will be enough labor availa for production. Table, or from the sales budget, production budget, and direct materials purchases budget you prepared. When required, round your answers to the nearest dollar. LearnCo Direct Labor Cost Budget \begin{tabular}{l} For the Year Ending December 31, 20 Y2 \\ \hline Hours required for production: \\ Basic abacus \\ Deluxe abacus \\ Total \\ Hourly rate \\ Total direct labor cost \end{tabular} After reviewing the following factory overhead cost budget, you note that LearnCo has completed the budget with the exception of one amount. Fill in the missing amount. finished goods must also be integrated into the cost of goods sold budget. Complete the preparation of the cost of goods sold budget for LearnCo, using information that follows provided by the controller, and using the previous budgets you have prepared. LearnCo Cost of Goods Sold Budget For the Year Ending December 31, 20Y2 Finished goods inventory, January 1, 20Y2 Work in process inventory, January 1, 20Y2 $2,010 Direct materials: Direct materials inventory, January 1, 20Y2 Direct materials purchases Cost of direct materials available for use Direct materials inventory, December 31, 20Y2 Cost of direct materials placed in production 5(1,800) Direct labor Factory overhead Total manufacturing costs Total work in process during period Work in process inventory, December 31, 20Y2 (1,250) Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December 31, 20Y2 Cost of goods sold and administrative expenses budget as follows. This budget is merely reviewed by you for use on the budgeted income statement. budgeted income statement are on the following Budgeted Income Statement Data Table. Budgeted Income Statement Data Table \begin{tabular}{lr} \hline Interest revenue for the year & $2,000 \\ Interest expense for the year & $1,500 \\ LearnCo's income tax rate & 40% \\ & LearnCo \end{tabular} Budgeted Income Statement For the Year Ending December 31, 20Y2 Revenue from sales Cost of goods sold Gross profit Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Operating income Other revenue and expense: Interest revenue Interest expense Income before income tax Income tax Net income
