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please solve for Part C Problem 13-2 (Part Level Submission) Blue Inc. is preparing its annual budgets for the year ending December 31, 2017 Accounting
please solve for Part C
Problem 13-2 (Part Level Submission) Blue Inc. is preparing its annual budgets for the year ending December 31, 2017 Accounting Product Product 38 50 25 60 at furnish the data shown below Artico l e in units 404.200 201.400 29.100 31,200 16.00 14,000 Production budget Desired ending t he goods units Beginning finished goods units Direct material budget: Direct materials per unit (pounds) Desred ending direct materiais pounds Beginning direct materiais pounds Cost per pound Direct labor budget: Direct labor time per unit Direct labor rate per hour Budgeted Income statement Total unit cost 41,700 14,100 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $663,000 for product 20 50 and $364,000 for product 8 60 administrative expenses of 5541,000 for product 8 50 and 1343,000 for product 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%. Your answer is correct. Prepare the sales budget for the year BLUE INC Sales But For the Year Ending December 31, 2017 Expected unit sales Sales Budget For the Year Ending December 31, 2017 JB 50 JB 60 Expected unit sales 404,200 201,400 Total Unit selling price 5 28 Total sales 8,488,200 5,639,200 14,127,400 SHOW ANSWER LINK TO TEXT LINK TO TEXT (b) Your answer is correct. Prepare the production budget for the year. BLUE INC. Production Budget For the Year Ending December 31, 2017 JB 50 JB 60 Expected Unit Sales 404,200 201,400 Add Desired Ending Finished Goods Units 29,100 16,800 Total Required Units 433 300 218,200 Less . Beginning Finished Goods Units 31,200 14,600 Required Production Units 402,100 203,600 LINK TO TEXT LINK TO TEXT (c) Prepare the direct materials budget for the year. BLUE INC. Direct Materials Budget For the Year Ending December 31, 2017 JB 50 JB 60 T Add . Less . Desired Ending Direct Materials Cost per Pound Desired Ending Direct Materials Beginning Finished Goods Units Beginning Direct Materials Total Cost of Direct Materials Purchases Desired Ending Finished Goods Units Direct Labor Cost per Hour Total Required Direct Labor Hours Direct Labor Time per Unit Direct Materials Purchases Direct Materials per Unit Expected Unit Sales Total Direct Labor Cost Total Materials Required Total Pounds Needed for Production Total Required Units Units to be produced in order. This part will be available when you complete the p in order. This part will be available when you complete the pe Step by Step Solution
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