The Y Co. has a division that manufactures bicycles. Its budgeted sales for Model G in 2018 are 4750 units. Ys target ending inventory is 350 units, and its beginning inventory is 550 in units and 165000 in dollar. The companys budgeted selling price to its distributors and dealers is $300 per bicycle. Y buys all its wheels from an outside supplier. No defective wheels are accepted. Ys needs for extra wheels for replacement parts are ordered by a separate division of the company. The companys target ending inventory is 700 wheels, and its beginning inventory is 800 wheels. The budgeted purchase price is $50 per wheel.

The budgeted manufacture labor cost per hour is $20/hr. The direct manufacturing labor needed for manufacturing one bicycle is 4 hours.

Manufacturing overhead (both variable and fixed) is allocated to each bicycle on the basis of budgeted direct manufacturinglabor-hours per bicycle. The budgeted variable manufacturing overhead rate for 2018 is $15 per direct manufacturinglabor-hour. The budgeted fixed manufacturing overhead for 2018 is $250000. Both variable and fixed manufacturing overhead costs are allocated to each unit of finished goods.

Required

1. Compute the budgeted revenues in dollars:$

2. Compute the number of bicycles that Y Co. should produce:

3. Compute the budgeted uses of wheels in units: & in dollars:

4. Compute the budgeted purchases of wheels in units: & in dollars:

5. Compute direct manufacturing labor costs budget: $

6. Compute variable manufacturing overhead costs budget: $

7. Compute total manufacturing overhead cost budget: $

8. Compute the budgeted cost of goods manufactured (neglect WIP inventory, FIFO method):

9. Compute the budgeted unit cost of product (Round your answer to the nearest integer!!!):

10. Compute ending finish goods inventories budget in dollars(neglect WIP inventory, FIFO method), calculate your answer based on the ROUNDED answer of requirement 9:

11. Compute cost of goods sold budget, calculate your answer based on the answer of requirement 10 :