Sundancer$$Boats$,$ Inc. manufactures paddle boats in various colors for $5-$Star Resorts.

Management is preparing the budget for $2024$ and has asked for the accountants help. Last year was a tough year with price increases and a decrease in unit sales.

Prepare the $2024$ budget. You should use:

$1.$ Information provided for you within each Budget section below.

$2.$ The $2023$ Actual Cost information from the $"$CH$242023$ Standard Costs" tab as the $2023$ Standard Cost Budget.

Sales in $2023$ were $625$ units. The company worked hard to bring on some new customers in $2023.$ Overall, they are expecting a $20\%$ increase in units overall from $2023.$ Management will keep the increase of the selling price of the boats at $$5,000$ because they already fear of pricing themselves out of the market.

Sundancer, Inc.

Sales Budget

For the Year Ended December $31,2024$

Expected sales units

Unit selling price

Total sales

At the end of $2023,$ there were $75$ boats left in inventory to sell in $2024.$ They would like to budget to end $2024$ with $10$ completed and finished units.

Sundancer, Inc.

Production Budget

For the Year Ended December $31,2024$

Expected sales units

Add: Desired ending finished goods units $($ending balance $2024)$

Total required units

Less: Beginning finished goods units $($ending balance $2023)$

Required production units

Management ended $2023$ with some direct materials on hand. They would also like to end $2024$ with some direct materials on hand as well.

Use the $2023$ Actual Cost Information for: Expected $2024$ Pounds Per Unit Expected $2024$ Cost Per Pound Actual Ending Balance $2023$ Expected Ending Balance $2024$

Plastic Parts Direct materials: $2,0001,000$

Metal Parts Direct materials: $3,0001,500$

Paint and Stickers Direct materials: $5025$

Sundancer, Inc.

Direct Materials Budget

For the Year Ended December $31,2024$

Required production units

Plastic Parts Direct materials pounds per unit produced:

Total pounds needed for production

Add: Desired ending direct materials in pounds $($ending balance $2024)$

Total materials required

Less: Beginning direct materials in pounds $($ending balance $2023)$

Direct materials purchases

Cost per pound

Total cost of Plastic Parts direct materials purchases

Required production units

Metal Parts Direct materials pounds per unit produced:

Total pounds needed for production

Add: Desired ending direct materials in pounds $($ending balance $2024)$

Total materials required

Less: Beginning direct materials in pounds $($ending balance $2023)$

Direct materials purchases

Cost per pound

Total cost of Metal Parts direct materials purchases

Required production units

Paint and Stickers Direct materials pounds per unit produced:

Total pounds needed for production

Add: Desired ending direct materials in pounds $($ending balance $2024)$

Total materials required

Less: Beginning direct materials in pounds $($ending balance $2023)$

Direct materials purchases

Cost per pound

Total cost of Paint and Stickers direct materials purchases

Total cost of ALL direct materials purchases

Use the $2023$ Actual Cost Information for: $1.$ Direct Labor hours per Boat and $2.$ Direct Labor cost per hour

Sundancer, Inc.

Direct Labor Budget

For the Year Ended December $31,2024$

Units to be produced

Direct labor time $($hours$)$ per unit

Total required direct labor hours

Direct labor cost per hour

Total direct labor cost

Use the $2023$ Actual Cost Information for: $1.$ Machine Overhead hours per Boat and $2.$ Machine Overhead cost per hour

Sundancer, Inc.

Manufacturing Overhead Budget

For the Year Ended December $31,2024$

Units to be produced

Machine hours per unit

Total required machine hours

Machine cost per hour

Total manufacturing overhead

Management also anticipates the following fixed costs, some anticipa