Study Guide for Test Three Chapter 21-23 Chapter 21 1. In 2015, Cards by Shannon generated the sales shown. The company expects for sales to increase by 2% for each product in the following year if the prices remain the same. Determine the budgeted revenue for 2016 Units Sales Product A 2.000 Product B5,000 Product C1,500 Selling Priceerwnit 12 2. Cards by Shannon's production department linformation in Exercise 1) produces enough finished goods to cover each year's sales, plus 5% of the upcoming year's sales. If the company followed these production guidelines in 2015 and 2016, determine the total units to be produced in 2016. The company expects for unit sales to increase by 10% in 2017, Round enswers to the nearest whole unit. 3. Product A, B, and C of Cards by Shannon [information in Exercises 1 and 2) require one direct material, card stock, which costs the company 50.10 per sheet. The amounts used per unit are shown below. The purchasing mansger of the company prefers to heve 2.000 sheets of the direct materials on hand in ending inventory, which is followed in 2015 and 2016 Prepare the direct material purchases budget to determine the units of direct materials to purchase and the total dolar amount to be purchased. Round units to the nearest whole unit and dollars to the Product A Product B Product C 15 sheets 3 sheets 0.5 sheets The products of Cards by Sharroninformation iEercises 1-31 are produced in two departments, Production and Finishing Use the infamation shown below, which gives the direct labor hour per unit in each department, to prepare the direct labor cost budget, assuming that employees are paid an hourly wage of $9. Round the number of hours to one decimal place and dollars to the nearest cent 4. Product A 0.50 Product B Product C0.40 0.25 0.25 0.20 0.75 Study Guide for Test Three Chapter 21-23 Chapter 21 1. In 2015, Cards by Shannon generated the sales shown. The company expects for sales to increase by 2% for each product in the following year if the prices remain the same. Determine the budgeted revenue for 2016 Units Sales Product A 2.000 Product B5,000 Product C1,500 Selling Priceerwnit 12 2. Cards by Shannon's production department linformation in Exercise 1) produces enough finished goods to cover each year's sales, plus 5% of the upcoming year's sales. If the company followed these production guidelines in 2015 and 2016, determine the total units to be produced in 2016. The company expects for unit sales to increase by 10% in 2017, Round enswers to the nearest whole unit. 3. Product A, B, and C of Cards by Shannon [information in Exercises 1 and 2) require one direct material, card stock, which costs the company 50.10 per sheet. The amounts used per unit are shown below. The purchasing mansger of the company prefers to heve 2.000 sheets of the direct materials on hand in ending inventory, which is followed in 2015 and 2016 Prepare the direct material purchases budget to determine the units of direct materials to purchase and the total dolar amount to be purchased. Round units to the nearest whole unit and dollars to the Product A Product B Product C 15 sheets 3 sheets 0.5 sheets The products of Cards by Sharroninformation iEercises 1-31 are produced in two departments, Production and Finishing Use the infamation shown below, which gives the direct labor hour per unit in each department, to prepare the direct labor cost budget, assuming that employees are paid an hourly wage of $9. Round the number of hours to one decimal place and dollars to the nearest cent 4. Product A 0.50 Product B Product C0.40 0.25 0.25 0.20 0.75