So, Inc., manufactures and sel snowboards Slides manufactures a single model the Poe. In late 2017. Side's management accountant gathered the following data to prepare budgets for January 2018 Cid the con to view the budgeted balances and additional information pertaining to the cash budget) Co the icon to view the otional variable and food manufacturing cost information) 0 Reference Regulament 1. Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of overhead U Revenue Budget For January 2018 s Selling price 3.100 $ 850 S Total revenues 2.835.000 Snowboards Begin by preparing the supporting schedule for the calculation of collection of receivables Schedule of Cash Collections From December 2017 From January 2018 Total colections Direct Materials Purchases Budget For January 2018 Materiale Fiberglas Physical Units Budget To be used in production Add target anding inventory 400 t 32.000 de 2050 99 950 400 yards Det begin vantary Coat Budget Purches 5 1 .500 5380.000 Direct Manufacturing Labor Cesta Budget Print Done 4 5 6 7 8 9 0 ER 1 of 1 O complete HW Score of 100 pts (similar to) mic A Data Table cmandare and l owboard Sesmanchures a single model the Poex in 2017. Sides's ment accountant gathered the following data to prepare budget for January 2018 ok the icon to view the budged on and one formation pertaining to the cash budget) ok the icon to view the late and femalecturing cost information) Materials and Labor Requirements Read the Direct mata Wood quirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables Fberglass Direct manufacturing labor 12 board feet (b) per snowboard 10 yards pernowboard how per sowboard l ation collection of rechts Requirements in by preparing the supporting schedu Schedule of Cash From December 2017 From January 2018 sales Total collections Slides' CEO expects to sell 3.100 snowboards during January 2018 at an estimated retail pri per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would January 2018 with 700 nowboards in stock 1. Direct Materiale inventories Beginning inventory 1/1/2018 Ending Inventory 101/2018 2.050 SODE 100 yards 2.000 yards Wood Fiberglass Prepare a budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts paywe, and for disbursements for fed manufacturing and ronmancuring overhead Slide is rested in ma n ga minimum cashbace of $100.000 the end of each month w ides be in a position to pay the $150.000 dividend on January 317 Why don's managers prepare a cash budget in dion to the p anding income toget? Prepare a budete balance sheet for January 31, 2018 by calculating the January 31, 2016 balance in t h e recovec) inventory d u p and in the band for stockholders' Omar data include Wood S 1 2017 Un Price 2013 Unit Price 30.00 part 5 35.00 por bl. 00 pervard per yard 2000 to 30.00 per hour into on December 31, 2017. a $300.00 Det mantring labor The wrote cost forening finished En ny number the Pet Done me Done m 6-43 1 of 1 (0 complete) 6 Data Table 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 $ 855,000 183,000 Jation and wufactu sintero Sofea nd on a do Slides Aus, expd are a bud sary 31, 20 accounts Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ 15,000 Budgeted sales 1,750,000 Budgeted materials purchases 600,000 Customer invoices are payable within 30 days. From past experience, Slides's accountant projects 35% of invoices will be collected in the month invoiced, and 65% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 30% of direct materials purchases paid during the month of the purchase, and 70% paid in the month following purchase. Forced manufacturing overhead costs include $12,000 of depreciation costs and fixed nonmanufacturing overhead costs include $14,000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly ty Print Done So, Inc., manufactures and sel snowboards Slides manufactures a single model the Poe. In late 2017. Side's management accountant gathered the following data to prepare budgets for January 2018 Cid the con to view the budgeted balances and additional information pertaining to the cash budget) Co the icon to view the otional variable and food manufacturing cost information) 0 Reference Regulament 1. Prepare a cash budget for January 2018 Show supporting schedules for the calculation of collection of overhead U Revenue Budget For January 2018 s Selling price 3.100 $ 850 S Total revenues 2.835.000 Snowboards Begin by preparing the supporting schedule for the calculation of collection of receivables Schedule of Cash Collections From December 2017 From January 2018 Total colections Direct Materials Purchases Budget For January 2018 Materiale Fiberglas Physical Units Budget To be used in production Add target anding inventory 400 t 32.000 de 2050 99 950 400 yards Det begin vantary Coat Budget Purches 5 1 .500 5380.000 Direct Manufacturing Labor Cesta Budget Print Done 4 5 6 7 8 9 0 ER 1 of 1 O complete HW Score of 100 pts (similar to) mic A Data Table cmandare and l owboard Sesmanchures a single model the Poex in 2017. Sides's ment accountant gathered the following data to prepare budget for January 2018 ok the icon to view the budged on and one formation pertaining to the cash budget) ok the icon to view the late and femalecturing cost information) Materials and Labor Requirements Read the Direct mata Wood quirement 1. Prepare a cash budget for January 2018. Show supporting schedules for the calculation of collection of receivables Fberglass Direct manufacturing labor 12 board feet (b) per snowboard 10 yards pernowboard how per sowboard l ation collection of rechts Requirements in by preparing the supporting schedu Schedule of Cash From December 2017 From January 2018 sales Total collections Slides' CEO expects to sell 3.100 snowboards during January 2018 at an estimated retail pri per board. Further, the CEO expects 2018 beginning inventory of 600 snowboards and would January 2018 with 700 nowboards in stock 1. Direct Materiale inventories Beginning inventory 1/1/2018 Ending Inventory 101/2018 2.050 SODE 100 yards 2.000 yards Wood Fiberglass Prepare a budget for January 2018 Show supporting schedules for the calculation of collection of receivables and payments of accounts paywe, and for disbursements for fed manufacturing and ronmancuring overhead Slide is rested in ma n ga minimum cashbace of $100.000 the end of each month w ides be in a position to pay the $150.000 dividend on January 317 Why don's managers prepare a cash budget in dion to the p anding income toget? Prepare a budete balance sheet for January 31, 2018 by calculating the January 31, 2016 balance in t h e recovec) inventory d u p and in the band for stockholders' Omar data include Wood S 1 2017 Un Price 2013 Unit Price 30.00 part 5 35.00 por bl. 00 pervard per yard 2000 to 30.00 per hour into on December 31, 2017. a $300.00 Det mantring labor The wrote cost forening finished En ny number the Pet Done me Done m 6-43 1 of 1 (0 complete) 6 Data Table 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 $ 855,000 183,000 Jation and wufactu sintero Sofea nd on a do Slides Aus, expd are a bud sary 31, 20 accounts Selected budgeted information for December 2017 follows: Cash balance, December 31, 2017 $ 15,000 Budgeted sales 1,750,000 Budgeted materials purchases 600,000 Customer invoices are payable within 30 days. From past experience, Slides's accountant projects 35% of invoices will be collected in the month invoiced, and 65% will be collected in the following month. Accounts payable relates only to the purchase of direct materials. Direct materials are purchased on credit with 30% of direct materials purchases paid during the month of the purchase, and 70% paid in the month following purchase. Forced manufacturing overhead costs include $12,000 of depreciation costs and fixed nonmanufacturing overhead costs include $14,000 of depreciation costs. Direct manufacturing labor and the remaining manufacturing and nonmanufacturing overhead costs are paid monthly ty Print Done