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question 5 and 6 ill vote solve seperatly budget for fiscal year 2018. Hazlett accounts for direct materials and ending finished goods using a FIFO

question 5 and 6 ill vote solve seperatly image text in transcribed

budget for fiscal year 2018. Hazlett accounts for direct materials and ending finished goods using a FIFO cost flow assumption. Here is information for 2018: Combs are manufactured in batches of 200 , and brushes are manufactured in batches of 100 . It takes 24 minutes to set up for a batch of combs and 1 hour to set up for a batch of brushes. Hazlett uses activity-based costing and has classified all overhead costs as shown in the following table. Budgeted fixed overhead costs vary with capacity. Hazlett operates at capacity so budgeted fixed overhead cost per unit equals the budgeted fixed overhead costs divided by the budgeted quantities of the cost allocation base. Delivery trucks transport units sold in delivery sizes of 1,000 combs or 1,000 brushes. Q-1) Calculate budgeted number of combs to be produced. Q-2) Calculate budgeted unit production cost of comb. Q-3) Calculate budgeted unit production cost of brush. Q-4) Calculate budgeted dollar cost of ending finished good inventory. Q-5) Calculate budgeted cost of goods manufactured. Q-6) Calculate budgeted sales revenue. Q-7) Calculate budgeted cost of goods sold. Q-8) Calculate budgeted marketing costs. Q-9) Calculate budgeted distribution costs. Q-10) Calculate budgeted operating income

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