Question
Required:1) Complete the sales budget of Andy's Co. for the fiscal year 20202) Complete the production budget of Andy's Co. for the fiscal year 20203)
Required:1) Complete the sales budget of Andy's Co. for the fiscal year 20202) Complete the production budget of Andy's Co. for the fiscal year 20203) Complete the Direct Labor budget of Andy's Co. for the fiscal year 20204) Complete the direct materials purchased budget for Andy's Co. for the fiscal year 20205) Complete the overhead budget including the cash disbursement for Andy's Co. for the fiscal year 20206) Complete the cost of goods manufactured budget for Andy's Co. for the fiscal year 20207) Complete the cost of goods sold budget for Andy's Co. for the fiscal year 20208) Complete the cash budget for Andy's Co. for the fiscal year 20209) Complete the income statement for Andy's Co. for the fiscal year 202010) Complete the balance sheet for Andy's Co. for the fiscal year 202011) An alternative plan for operation requires more investment in the equipment. If the company can invest $210,000 instead of $95,000 in the equipment at the beginning of the year 2020, the company can reduce direct labor hours required for each unit to 2 hours. The depreciation of the equipment will be $105,000 for the year 2020. Calculate the impacts of the additional investment on net income and operating cash flows for the year 2020. You can present an alternative income statement, cash budget, and balance sheet.12) The executives of Andy's Co. are debating over whether to invest $95,000 or $210,000. The market analysts suggest that the demand for the products will be at a similar level over the next few years. Based on the sales forecasts of the market analysts, provide advice to the executives. Support your advice quantitatively.
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