Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve question 7,8,9, and 10 by showing the steps. i have given you the answers for 1,2,3,4,5, and 6 Operating Eudget, Comprehenstve Analysis world.

please solve question 7,8,9, and 10 by showing the steps. i have given you the answers for 1,2,3,4,5, and 6 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
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Operating Eudget, Comprehenstve Analysis world. Projected sales in units for the coming five months are given beiow. The following data pertain to production policies and manufacturing specitications foriowed by ponderosa: a. Finished goods inventory on January a is goo units. The deaired ending inventory for each month is ao percunt of the nest manthis aaiei. b. The dato on materialy used are as follows: materiai on hand on January 1 . c. The direct labor used per unit of output is one and one-half hours, The average direct linbor cost per hauris 320 . d. Overnead eoch month is estimated using of foxible budget formula. (Actvity is massured in direct laboe haurh.) 5. The direct labor used per unit of output is one and one-half hours. The average direct labor cost per hour is 320. d. Overhesd each month is estimated using a flexible budget formula. (Activity is messured in direst labor hours.) 6. Monthly seling and administrative expenses are also estimated using a flexible budgeting formula. (Activay ia measured in ufilts aold.) f. The unit selling price of the wiring harness assembly is 5110. 9. In February, the tompany plans to purchase land for future expansion. The land costs 566,000. month, as is the interest due. The interastrate is 12 percent per annum. 2. Production budget 3. Direct materials purchases budget 4. Direct labor budget. Round your answers to two decimal places, if required. 5. Overhead budget. Round your answers to two decimal places, if required. 6. Selling and administrative expense budget. Round your answers to the nearest cent, if required. Fixed selling & administrative expense: 7. Ending finished goods inventory budget. Round intermediate calculations to the nearest cent. Round your answers to the nearest cent, if required. Unit cost computation: Direct materials: 8. Cost of goods sold budget 9. Budgeted income statement (ignore income taxes) \begin{tabular}{|l|} \hline Sales \\ Less: Cost of goods sold \\ Gross margin \\ Less: Selling and administrative expense \\ Income before income taxes \end{tabular} 10. Cash budget Enter a Disbursements: Purchases DL payroll Overhead Marketing \& admin Land Total disbursements Ending balance Financing: Borrowed/repaid Interest paid Ending cash balance

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

Theory And Practice Of Australian Auditing

Authors: Schelluch Gul, Teoh, Andrew

1st Edition

0170092445, 978-0170092449

More Books

Students also viewed these Accounting questions

Question

Who may accept an offer?

Answered: 1 week ago

Question

How do firms use planning models to help set dividend policy?

Answered: 1 week ago