Wesley Power Tools manufactures a wide variety of tools and accessories One of its more popular items is a cordless power handisaw Each handisaw sells for $40 Wesley expects the following unit sales January February March 2,300 2,300 3,000 April May 2,900 2,200 Wesley's ending finished goods inventory policy is 40 percent of the next month's sales Suppose each handisaw takes approximately 0 45 hour to manufacture, and Wesley pays an average labor wage of $14 50 per hour Each handisaw requires two plastic components that Wesley purchases from a supplier at a cost of $2 00 each The company has an ending direct materials inventory policy of 10 percent of the following month's production requirements Materials other than the plastic components total $3 50 per handisaw Manufacturing overhead for this product includes $60,000 annual fixed overhead (based on production of 27,000 units) and $0 90 per unit variable manufacturing overhead Wesley's selling expenses are 4 percent of sales dollars, and administrative expenses are fixed at $15,000 per month Required 1 Compute the budgeted cost of goods sold for the first quarter 2 Compute the budgeted selling and administrative expenses for the first quarter 3 Complete the budgeted income statement for the handisaw product for the first quarter Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Complete the budgeted income statement for the handisaw product for the first quarter Note Round direct material, direct labor and overhead costs per unit to 2 decimal places Round final answers to the nearest dollar amount Budgeted Gross Profit WESLEY POWER TOOLS Budgeted Income Statement For the Quarter Ending March January February March 1st Quarter Total Budgeted Net Operating Income Required 2 Required 3 $ 0 $ 0 Required 1 Required 2 Required 3 Compute the budgeted cost of goods sold for the first quarter Note Round direct material, direct labor and overhead costs per unit to 2 decimal places Round final answers to the nearest dollar amount January February March 1st Quarter Total Budgeted Cost of Goods Sold $ Required 1 Required 2 Required 1 Compute the budgeted cost of goods sold for the first quarter 2 Compute the budgeted selling and administrative expenses for the first quarter 3 Complete the budgeted income statement for the handisaw product for the first quarter Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Compute the budgeted selling and administrative expenses for the first quarter January February March 1st Quarter Total S Budgeted Selling and Administrative Expenses Required 1 Required 3

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Wesley Power Tools manufactures a wide variety of tools and accessories  One of its more popular items is a cordless power handisaw  Each handisaw sells for $40  Wesley expects the following unit sales  January February March 2,300 2,300 3,000 April May 2,900 2,200 Wesley's ending finished goods inventory policy is 40 percent of the next month's sales  Suppose each handisaw takes approximately 0 45 hour to manufacture, and Wesley pays an average labor wage of $14 50 per hour  Each handisaw requires two plastic components that Wesley purchases from a supplier at a cost of $2 00 each  The company has an ending direct materials inventory policy of 10 percent of the following month's production requirements  Materials other than the plastic components total $3 50 per handisaw  Manufacturing overhead for this product includes $60,000 annual fixed overhead (based on production of 27,000 units) and $0 90 per unit variable manufacturing overhead  Wesley's selling expenses are 4 percent of sales dollars, and administrative expenses are fixed at $15,000 per month  Required  1  Compute the budgeted cost of goods sold for the first quarter  2  Compute the budgeted selling and administrative expenses for the first quarter  3  Complete the budgeted income statement for the handisaw product for the first quarter  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Required 3 Complete the budgeted income statement for the handisaw product for the first quarter  Note  Round direct material, direct labor and overhead costs per unit to 2 decimal places  Round final answers to the nearest dollar amount  Budgeted Gross Profit WESLEY POWER TOOLS Budgeted Income Statement For the Quarter Ending March January February March 1st Quarter Total Budgeted Net Operating Income   Required 2 Required 3   $ 0 $ 0 Required 1 Required 2 Required 3 Compute the budgeted cost of goods sold for the first quarter  Note  Round direct material, direct labor and overhead costs per unit to 2 decimal places  Round final answers to the nearest dollar amount  January February March 1st Quarter Total Budgeted Cost of Goods Sold $   Required 1 Required 2   Required  1  Compute the budgeted cost of goods sold for the first quarter  2  Compute the budgeted selling and administrative expenses for the first quarter  3  Complete the budgeted income statement for the handisaw product for the first quarter  Complete this question by entering your answers in the tabs below  Required 1 Required 2 Required 3 Compute the budgeted selling and administrative expenses for the first quarter  January February March 1st Quarter Total S Budgeted Selling and Administrative Expenses   Required 1 Required 3

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Project Management A Managerial Approach

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Project Management A Managerial Approach

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