Q24.

Question 24 (7 points) Bob's Bowling Ltd. produces bowling balls in a variety of designer colours. 2021 Master budget data is as follows: Quarter Total 2 (Jan - Mar) (Apr-Jun) 10,000 15,000 3 4 (Jul - Sep) (Oct - Dec) 11,000 15,000 Sales (units) 51,000 Unit Price $150 $150 $150 $150 Production (units) 10,200 14,600 11,400 15,150 51,350 2 2 2 2 Raw material required per unit (Kilograms) Raw material price per kilogram Direct labour hours per unit $10 $10 $10 $10 1.5 1.5 1.5 1.5 . Direct labour rate $15 $15 $15 $15 Manufacturing overhead allocations per unit $25 $25 $25 $25 Selling, general and administrative expenses $276,250 $291,250 $279,250 $291,250 $1,138,000 Required: For the second quarter of 2021 a) Calculate Bob's Bowling's cost of goods sold. Show your work. (3 marks) b) Prepare Bob's Bowling's budgeted multi-step income statement; ignore interest and taxes. (4 marks) A template for your answer is provided below. Paragraph v BT UA + ... go a) Cost of goods sold calculation. Show your work. Paragraph BIU A Q + + >