Please use the following information to answer questions 1-6 Bob makes wooden tables and is creating his 2017 capital budget. He expects to sell 40 tables in 2017 at $150 per table. Additional Information for 2017: DM per table: 6 board feet (b.f.) per table at $2.00 per b.f. DL per table: 2 DLH per table at $25 per DLH O/H is applied at a rate of $4 per DLH (and allocated O/H = actual O/H) DM Inventory: BB = 50 b.f. of wood DEI = 75 b.f. of wood WIP Inventory BB = 0 EB = 0 FG Inventory BB = 5 tables DEI = 15 tables For simplicity, assume costs and revenue per table are the same for those manufactured in 2017 or in previous years. Assume variable operating expenses are $6 per unit sold and fixed operating expenses are $80. 1) What is budgeted revenue for 2017 in dollars? 2) How many tables (FG units) should be produced in 2017? 3) What is the budgeted O/H cost per unit? 4) What is budgeted Cost of Goods Sold (in dollars) for 2017? 5) What are budgeted Operating Expenses (period costs) in dollars for 2017? 6) What is estimated operating income for 2017? we expected to sell 40 tables y $150table = $,000 revenue units needed for sales 40 Add F9 DET - Total unit needed 55 - Deduct BB FG Inventory (5) unit to be produced 50 Edged ovelhead COC+ per unit: Toidl OH = Please use the following information to answer questions 1-6 Bob makes wooden tables and is creating his 2017 capital budget. He expects to sell 40 tables in 2017 at $150 per table. Additional Information for 2017: DM per table: 6 board feet (b.f.) per table at $2.00 per b.f. DL per table: 2 DLH per table at $25 per DLH O/H is applied at a rate of $4 per DLH (and allocated O/H = actual O/H) DM Inventory: BB = 50 b.f. of wood DEI = 75 b.f. of wood WIP Inventory BB = 0 EB = 0 FG Inventory BB = 5 tables DEI = 15 tables For simplicity, assume costs and revenue per table are the same for those manufactured in 2017 or in previous years. Assume variable operating expenses are $6 per unit sold and fixed operating expenses are $80. 1) What is budgeted revenue for 2017 in dollars? 2) How many tables (FG units) should be produced in 2017? 3) What is the budgeted O/H cost per unit? 4) What is budgeted Cost of Goods Sold (in dollars) for 2017? 5) What are budgeted Operating Expenses (period costs) in dollars for 2017? 6) What is estimated operating income for 2017? we expected to sell 40 tables y $150table = $,000 revenue units needed for sales 40 Add F9 DET - Total unit needed 55 - Deduct BB FG Inventory (5) unit to be produced 50 Edged ovelhead COC+ per unit: Toidl OH =
