Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

posting again because im still getting these three numbers wrong ive tried Budgeted sales in units: Quarter 1: 1852200 and 1852200x 15%=277830 Quarter 2: 2671200

posting again because im still getting these three numbers wrong
ive tried
Budgeted sales in units:
Quarter 1: 1852200 and 1852200x 15%=277830
Quarter 2: 2671200 and 2671200 x 15%=400680
also need help finding six months
thank you!
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
Cullumber Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2022. 1. Sales quarter 1,29,400 basx quarter 2,42,400 bags. Selling price is 563 per bag. 2. Direct materials each bag of Snare requires 4 pounds of Gumm at a cost of 54 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desiredinyentory levely: 4. Direct abor: dirtct tabor time is 15 minutes per bag at an houify rate of 516 per bour. 5. Seliine and administrative evemes are eyected to be 15% of sales plus $176,000 per quarter. 6. Interest experne is 5100000 . 4. Direct booc direct labor time is 15 minutes per bag at an hourlv rate of $16 per hour. 5. Selling and adminhtrative opences are expected to be 15x of ales plus $176,000 per quarter. interest egence is $100.000. 7. Income taves are expected to bo 205 of income tefore insome taves. Yout ansistant hus prepared two budgets' (1) the mandactiring overhead buidget shows expected costs to be 125 . of direct labior cost, and (2) the direct materials budget for Tarr shows th cost of Tarr burchanes fo be $278,000 in quarter 1 and 5423500 in quarter 2. (Note Do not prepare the manufacturing overtiead hadget or the direct materials budget for Tarr] Prepare the sales budget. Frepare the production bodget CULLUMBER FARM SUPPLY COMPANY Direct Materials Budget-Gumm For the Six Months Ending Jane 30,2022 Quarter Six Months Units tobe:Produced DirectMateials per Unit Total Poumls tieeded for Production TotalMatering Required Low 9 flegiroing Diect Materials thoundsl Derct Materisis Berchases. Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours est for 45 minutes the proportion will be 0.75.). Prepare the seling and administrative expense budget. CULLUMBER FARM SUPPLY COMPANY Selling and Administrative Expense Budget For the 51 Months Ending June 30,2022 Quarter EudgetedSales in Units Months Variable Expenses $27830 54400680 $678510 Fored Expenses Total Selling and Administrative Expenses

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

College Accounting

Authors: Heintz and Parry

20th Edition

1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192

More Books

Students also viewed these Accounting questions

Question

How are present value and future value calculations related?

Answered: 1 week ago

Question

Explain the employee benefits that are required by law.

Answered: 1 week ago

Question

List the types of incentive plans.

Answered: 1 week ago