Sleds, Inc, manucures and s nowboards. Sed manufactures a single model the Pex. Inte 2017. Se's management accountant gathered the following data to prepare budget for ary 2018 clotheson to view the budgeted balances and additional information pertaining to the budget) Co the icon to view the additional variable and femalecturing cost formation) the icon to the materials and labor a nt the m ed the conto the following selected January 2018 budget borost. V mancung overhead and Ending ) Requirement 1. Pre h budget for January 2018 Show Suporting schedules for the c Overhead begin by preparing the supporting schedule for the c o nfection of onfection of and payment of accounts and for surements for team Schedule of Cash Collections From December 2017 984,000 338.000 1322.000 Next prepare the ring schedule for the eyes of accounts Schedule of Cash Pay for Accounts Payable Prepare the supporting schedule for disbursements for a Schedule of Cash Pay for the n dro u ge Choose from any one number in the routes and then c 3 heck Clear All i Data Table quirements, owboards. Sleds manufactures following data to prepare budg ed balances and additional info uary 2018 bu prhead and Er nal variable and fixed manufact get for January 2018. Show supl disbursements Budgeted balances at January 31, 2018 are as follows: Cash Accounts receivable Inventory Property, plant, and equipment (net) Accounts payable Long-term liabilities Stockholders' equity $ 852,000 chedule for the calculation of coll Cash Collections 180,000 984 338 1,322| - dule for the payments of accounts ments for Accounts Payable - 442,0 150,1 nts payable $ 592,1 Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ 12,000 Budgeted sales 1,640,000 Budgeted materials purchases 680,000 Customer invoices are payable within 30 days. From past experience. Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 35% of direct materials purchases paid during the month of the purchase, and 65% paid in the month following purchase. Fixed manufacturing overhead costs include $11,000 of depreciation costs and fixed nonmanufacturing overhead costs include $9,000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly le for disbursements for foxed manufag Payments for Fixed Overhead rany number in the input fields and Print Done Read the requirements. of January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disburs ule for the calculation of More Info Collections Variable manufacturing overhead is $8 per direct manufacturing labor-hour. There are also $20,800 in fixed manufacturing overhead costs budgeted for January 2018. Sleds combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $270 per sales visit. The marketing plan calls for 36 sales visits during January 2018. Finally, there are $33,000 in fixed nonmanufacturing costs budgeted for January 2018 for the payments of account ts for Accounts Payable s 442 150- Print Done Stockholders' equity 592,18 ayable disbursements for fixed manufact ments for Fixed Overhead Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ Budgeted sales Budgeted materials purchases 12,000 1,640,000 680,000 y number in the input fields and th Customer invoices are payable within 30 days. From past experience, Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct hacedon.cadithholdinactmaterials.usbasend during the month Data Table 2018 budgets: R ad and Ending in nowboards. Sleds manufad0 he following data to prepare sted balances and additional tional variable and fixed man Materials and Labor Requirements Direct materials Wood ursements for fixed 9 board feet (b.f.) per snowboard 7 yards per snowboard 8 hours per snowboard budget for January 2018. Show Fiberglass Direct manufacturing labor Sleds CEO expects to sell 1,300 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 600 snowboards in stock ng schedule for the calculation of of Cash Collections Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 1,520 b. 1,020 yards 2,020 b.1 2,020 yards schedule for the payments of accou Wood Fiberglass Payments for Accounts Payable chases es Other data include: 2017 Unit Price 2018 Unit Price $ 30,00 per b.f. $ 32.00 per bf Fiberglass $ 6.00 per yard $ 7.00 per yard Direct manufacturing labor $ 26.00 per hour $ 27.00 per hour The inventoriable unit cost for ending finished-coods inventory on December 31, 2017 is $250.00 Wood accounts payable Ichedule for disbursements for fred me Cash Payments for Fred Overhead enter any number in the input fields Print Done Bollowing month Accounts payable relates only to the purchase of direct materiais Direct i Reference . the direct materials snowboards. Sleds ma he following data to pred ated balances and add onal variable and fixed budgets: Revenue, Ending inventory.) Revenue Budget For January 2018 Units Selling price Total revenues 1,300 $ 650 $ 845,000 dget for January 2018 Snowboards Jents for fixed manufac schedule for the calcula Cash Collections dule for the payments of 1,520 D.1 2,020 yards Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Total Physical Units Budget To be used in production 11,700 b.r. 9,100 yards Add target ending inventory _ Total requirement 13,220 b.1. 11,120 yards Deduct beginning inventory 2,020 Purchases to be made 11,200 b.f. 10,100 yards Cost Budget $ 358,400 $ 70,700 Purchases S429,100 nents for Accounts Pay 1,020 yards s payable for disbursements for foxe ayments for Fixed Overh Direct Manufacturing Labor Costs Budget any number in the input Print Done following month. Accounts payable relates only to the purchase of direct materials. Direct material .chinando cond o ttiecinnich iduting the month Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts % P6-43 (similar to) 1 of 1 (1 complete) Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late 2017. Sess management accountant gathered the following data to prepare budgets for January 2018: (Click the icon to view the budgeted balances and additional information pertaining to the cash budget.) Click the icon to view the additional variable and faced manufacturing cost information.) (Click the icon to view the materials and information.) (Click the icon to view the following sele manufacturing labor cost, Variable manufach Read the requirements Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, overhead. Begin by preparing the supporting schedule for the calculation of collection of receivables. Schedule of Cash Collections From December 2017 sales 984.000 From January 2018 sales 338,000 1,322,000 Total collections Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases $ 442,000 150.185 From January 2018 purchases $ 592,185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for fixed manufacturing and non manufacturing overhead. Schedule of Cash Payments for Fixed Overhead Choose from any list or enter any number in the input fields and then click Check Answer. 3 3 parts remaining Clear All Cost Accounting II Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts P6-43 (similar to) 1 of 1 (1 complet Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late 2017. Sleds's management accountant gathered the following data to prepare budgets for January 2018: (Click the icon to view the budgeted balances and additional information pertaining to the cash budget.) (Click the icon to view the additional variable and faced manufacturing cost information.) inform BC manuf Read Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivable overhead. Requin Begin by preparing the supporting schedule for the calculation of collection of receivables Schedule of Cash Collections From December 2017 sales 984,000 From January 2018 sales 338,000 Total collections 1,322,000 1. 2. Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150,185 592.185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for faced manufacturing and nonmanufacturing overhead. Schedule of Cash Payments for Fixed Overhead Preps the ca payat nonma Sleds the en divider Whyd revenu Prepar Januar (d) acc equity Choose from any list or enter any number in the input fields and then click Check Answer parts 3 remaining Clear All MacBook Air esc # D W N Sleds, Inc, manucures and s nowboards. Sed manufactures a single model the Pex. Inte 2017. Se's management accountant gathered the following data to prepare budget for ary 2018 clotheson to view the budgeted balances and additional information pertaining to the budget) Co the icon to view the additional variable and femalecturing cost formation) the icon to the materials and labor a nt the m ed the conto the following selected January 2018 budget borost. V mancung overhead and Ending ) Requirement 1. Pre h budget for January 2018 Show Suporting schedules for the c Overhead begin by preparing the supporting schedule for the c o nfection of onfection of and payment of accounts and for surements for team Schedule of Cash Collections From December 2017 984,000 338.000 1322.000 Next prepare the ring schedule for the eyes of accounts Schedule of Cash Pay for Accounts Payable Prepare the supporting schedule for disbursements for a Schedule of Cash Pay for the n dro u ge Choose from any one number in the routes and then c 3 heck Clear All i Data Table quirements, owboards. Sleds manufactures following data to prepare budg ed balances and additional info uary 2018 bu prhead and Er nal variable and fixed manufact get for January 2018. Show supl disbursements Budgeted balances at January 31, 2018 are as follows: Cash Accounts receivable Inventory Property, plant, and equipment (net) Accounts payable Long-term liabilities Stockholders' equity $ 852,000 chedule for the calculation of coll Cash Collections 180,000 984 338 1,322| - dule for the payments of accounts ments for Accounts Payable - 442,0 150,1 nts payable $ 592,1 Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ 12,000 Budgeted sales 1,640,000 Budgeted materials purchases 680,000 Customer invoices are payable within 30 days. From past experience. Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 35% of direct materials purchases paid during the month of the purchase, and 65% paid in the month following purchase. Fixed manufacturing overhead costs include $11,000 of depreciation costs and fixed nonmanufacturing overhead costs include $9,000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly le for disbursements for foxed manufag Payments for Fixed Overhead rany number in the input fields and Print Done Read the requirements. of January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, and for disburs ule for the calculation of More Info Collections Variable manufacturing overhead is $8 per direct manufacturing labor-hour. There are also $20,800 in fixed manufacturing overhead costs budgeted for January 2018. Sleds combines both variable and fixed manufacturing overhead into a single rate based on direct manufacturing labor-hours. Variable marketing costs are allocated at the rate of $270 per sales visit. The marketing plan calls for 36 sales visits during January 2018. Finally, there are $33,000 in fixed nonmanufacturing costs budgeted for January 2018 for the payments of account ts for Accounts Payable s 442 150- Print Done Stockholders' equity 592,18 ayable disbursements for fixed manufact ments for Fixed Overhead Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ Budgeted sales Budgeted materials purchases 12,000 1,640,000 680,000 y number in the input fields and th Customer invoices are payable within 30 days. From past experience, Sleds's accountant projects 40% of invoices will be collected in the month invoiced, and 60% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct hacedon.cadithholdinactmaterials.usbasend during the month Data Table 2018 budgets: R ad and Ending in nowboards. Sleds manufad0 he following data to prepare sted balances and additional tional variable and fixed man Materials and Labor Requirements Direct materials Wood ursements for fixed 9 board feet (b.f.) per snowboard 7 yards per snowboard 8 hours per snowboard budget for January 2018. Show Fiberglass Direct manufacturing labor Sleds CEO expects to sell 1,300 snowboards during January 2018 at an estimated retail price of $650 per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would like to end January 2018 with 600 snowboards in stock ng schedule for the calculation of of Cash Collections Direct Materials Inventories Beginning Inventory 1/1/2018 Ending Inventory 1/31/2018 1,520 b. 1,020 yards 2,020 b.1 2,020 yards schedule for the payments of accou Wood Fiberglass Payments for Accounts Payable chases es Other data include: 2017 Unit Price 2018 Unit Price $ 30,00 per b.f. $ 32.00 per bf Fiberglass $ 6.00 per yard $ 7.00 per yard Direct manufacturing labor $ 26.00 per hour $ 27.00 per hour The inventoriable unit cost for ending finished-coods inventory on December 31, 2017 is $250.00 Wood accounts payable Ichedule for disbursements for fred me Cash Payments for Fred Overhead enter any number in the input fields Print Done Bollowing month Accounts payable relates only to the purchase of direct materiais Direct i Reference . the direct materials snowboards. Sleds ma he following data to pred ated balances and add onal variable and fixed budgets: Revenue, Ending inventory.) Revenue Budget For January 2018 Units Selling price Total revenues 1,300 $ 650 $ 845,000 dget for January 2018 Snowboards Jents for fixed manufac schedule for the calcula Cash Collections dule for the payments of 1,520 D.1 2,020 yards Direct Materials Purchases Budget For January 2018 Materials Wood Fiberglass Total Physical Units Budget To be used in production 11,700 b.r. 9,100 yards Add target ending inventory _ Total requirement 13,220 b.1. 11,120 yards Deduct beginning inventory 2,020 Purchases to be made 11,200 b.f. 10,100 yards Cost Budget $ 358,400 $ 70,700 Purchases S429,100 nents for Accounts Pay 1,020 yards s payable for disbursements for foxe ayments for Fixed Overh Direct Manufacturing Labor Costs Budget any number in the input Print Done following month. Accounts payable relates only to the purchase of direct materials. Direct material .chinando cond o ttiecinnich iduting the month Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts % P6-43 (similar to) 1 of 1 (1 complete) Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late 2017. Sess management accountant gathered the following data to prepare budgets for January 2018: (Click the icon to view the budgeted balances and additional information pertaining to the cash budget.) Click the icon to view the additional variable and faced manufacturing cost information.) (Click the icon to view the materials and information.) (Click the icon to view the following sele manufacturing labor cost, Variable manufach Read the requirements Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables and payments of accounts payable, overhead. Begin by preparing the supporting schedule for the calculation of collection of receivables. Schedule of Cash Collections From December 2017 sales 984.000 From January 2018 sales 338,000 1,322,000 Total collections Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases $ 442,000 150.185 From January 2018 purchases $ 592,185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for fixed manufacturing and non manufacturing overhead. Schedule of Cash Payments for Fixed Overhead Choose from any list or enter any number in the input fields and then click Check Answer. 3 3 parts remaining Clear All Cost Accounting II Homework: Chapter 6 - Problem 6-43 Score: 12 of 100 pts P6-43 (similar to) 1 of 1 (1 complet Sleds, Inc., manufactures and sells snowboards. Sleds manufactures a single model, the Pipex. In late 2017. Sleds's management accountant gathered the following data to prepare budgets for January 2018: (Click the icon to view the budgeted balances and additional information pertaining to the cash budget.) (Click the icon to view the additional variable and faced manufacturing cost information.) inform BC manuf Read Requirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivable overhead. Requin Begin by preparing the supporting schedule for the calculation of collection of receivables Schedule of Cash Collections From December 2017 sales 984,000 From January 2018 sales 338,000 Total collections 1,322,000 1. 2. Next prepare the supporting schedule for the payments of accounts payable Schedule of Cash Payments for Accounts Payable From December 2017 purchases 442.000 From January 2018 purchases 150,185 592.185 Total cash payments for accounts payable Prepare the supporting schedule for disbursements for faced manufacturing and nonmanufacturing overhead. Schedule of Cash Payments for Fixed Overhead Preps the ca payat nonma Sleds the en divider Whyd revenu Prepar Januar (d) acc equity Choose from any list or enter any number in the input fields and then click Check Answer parts 3 remaining Clear All MacBook Air esc # D W N