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Pargo Company is preparing its budgeted income statement for 2020. Relevant data pertaining to its sales production and direct materials budgets are as follows Sales Sales for the year are expected to total 1,700,000 units. Quarterly sales are 20%26% 27% and 27%, respectively. The sales price is expected to be 52 per unit for the first three quarters and $47 per unit beginning in the fourth quarter Sales in the first quarter of 2021 are expected to be 14h er than the budgeted sales for the first quarter of 2020 Production Management desires to maintain the ending finished goods inventories at 22% of the next quarter's budgeted sales volume. of the next quarter's production Direct materials. Each unit requires 2 pounds of raw materials at a cost of $10 per pound Management desires to maintain raw materials interest requirements. Assume the production requirements for first quarter of 2021 are 493.000 pounds Pargo budots 0.3 hours of direct labor per unit, labor costs at 511 per hour and manufacturing overhead are $6.919.000 18 per direct labor hour. Its buttedeling and administrative expenses for 2020 Calculate the budgeted total unit cost. (Round answer to 2 decimal placeses 12.25) Total unit costs Prepare the budgeted multiple-step income statement for 2020. (Ignore income taxes.) PARGO COMPANY Budgeted Income Statement Atlanta Company is preparing its manufacturing overlad for 2020 Relevant cata t o Units to be prodaod by quarters 10,000, 12.40 14.900, 16,200 Direct labor: Time 1.6 hours per unit Variable overhead costs per direct labor hour indirect materials $0.0 indirect labor $130, and maintenance $0.50. Fied overhead costs per quarter supervisory salaries $37.500 depreciation $18.30and maintenance $13.960 Prepare the manufacturing overhead budget for the year, showing quarterly data. Randoverhead ratio de 1.2. wollen ) ATLANTA COMPANY Manufacturing Overhead Budget Direct labor hours Manufacturing overhead rate per direct sbor hour