I don't how to get the parts highlighted in yellow, I am trying to fill out the budget sheet, I don't get what I am missing with unit product cost in particular.
Homework Answers
| Particulars | Index | Value | |
| Desired Ending RM at year end (in Units) | A | Given | 30,000 |
| Quantity of DM needed per unit | B | Given | 20 |
| Desired Ending Finished Goods at year end (in Units) | C | A / B | 1,500 |
| DM Cost per unit (in $) | D | Given | 0.30 |
| DL hours per unit (in hours) | E | Given | 0.24 |
| DL rate per unit (in $) | F | Given | 12.00 |
| Variable MOH (in $) per hour | G | Given | 5.00 |
| Production Cost per unit | Index | Value | |
| Direct Material | I | B x D | 6 |
| Direct Labour | J | E x F | 3 |
| Variable MOH | K | E x G | 1 |
| Unit Cost of case | L | 10 |
**Details are provided in the question is not sufficient for Fixed MOH allocation. Hence it is ignored.
| Budgeted finished goods inventory: | Index | Value | |
| Ending finished goods inventory in cases | M | C | 1,500 |
| Unit product cost | N | L | 10 |
| Ending finished goods inventory in dollars | O | C x L | 15,120 |
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I don't how to get the parts highlighted in yellow, I am trying
to fill out...
Need Help creating Sales Budget and Budgeted Income Statement Sharp Products is a manufacturing company. It...
Need Help creating Sales Budget and Budgeted Income
Statement
Sharp Products is a manufacturing company. It uses absorption costing for budgeting. unit amount Budgeted sales: Q1 of 2019 26,000 cases Q2 30,000 cases 28,000 cases Q3 Q4 12,000 cases Unit selling price $23.00 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 78% 22% Beginning FG inventory (in units) Desired ending FG inventory/next...
could I please see some calculations to get what's going oneginning RM inventory (in...
beginning RM inventory (in units) Quantity of DM needed per unit M cost per pound Hesired ending RM inventory/next quarter's RM needs desired ending RM inventory at year-end 24,000 pounds 20.00 pounds $0.30 dollars 15% 30,000 pounds Cash payments to suppliers: paid in the quarter of purchase paid in the quarter following purchase 40% of the purchases 60% of the purchases L hours per unit Late per hour 0.24 hours $12.00 dollars Manufacturing overhead Variable MOH Fixed MOH $5.00 per...
finished goods inventory budget Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost...
finished goods inventory budget
Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Budgeted finished goods inventory: ending finished goods inventory in cases unit product cost endine finished poods inventory in dollars Desired ending FG inventory at year end 12,000 cases...
preparing a master budget practice Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Coll...
preparing a master budget practice
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i. Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 23,000 cases Q2...
Need Selling & Administrative Expense Budget, Cash Budget, Budgeted Income Statement for EXCEL. Schedules to include:...
Need Selling & Administrative Expense Budget, Cash Budget,
Budgeted Income Statement for EXCEL.
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget c. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgete...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 26,000 cases Q2 30,000 cases Q3 28,000 cases 24 12,000 cases Unit selling price $23.00 dollars per unit All sales are on account (on credit). Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 78% 22% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end...
Please post on excel spreadsheet to show formula. Thank you Final Answers Here Please Income Statement...
Please post on excel spreadsheet to show formula. Thank you
Final Answers Here Please Income Statement Amounts Other Amounts 5 Units Sold * Selling Price 7 Pounds Per Direct Materials 3 DL Per OH Rate • Current Finished 7 Target Finished 2 Current DM 3 Target DM 4 Cost Per DM 5 Cost Per DL 2,500 $ 100.00 3.00 2.00 $ 15.00 300 200 100 200 $ 5.00 $ 20.00 Sales Direct Materials Direct Labor Overhead Production Budget Direct Materials...
please use excel equations to answer the income statement amounts and other amounts Final Answers Here...
please use excel equations to answer the income statement
amounts and other amounts
Final Answers Here Please Income Statement Amounts Other Amounts 5 Units Sold * Selling Price 7 Pounds Per Direct Materials 3 DL Per OH Rate • Current Finished 7 Target Finished 2 Current DM 3 Target DM 4 Cost Per DM 5 Cost Per DL 2,500 $ 100.00 3.00 2.00 $ 15.00 300 200 100 200 $ 5.00 $ 20.00 Sales Direct Materials Direct Labor Overhead Production...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales:...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales: Q1 of 2019 20,000 cases 33,000 cases 26,500 cases 16,500 cases Unit selling price $21.50 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 65% 35% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end 2,400 cases 30%...
preparing a master budget practice. AaBbCcDdEe AaBbCcDdee Normal No Spacing Arial 15 AA Aa A ab...
preparing a master budget practice.
AaBbCcDdEe AaBbCcDdee Normal No Spacing Arial 15 AA Aa A ab A 9. . . 3 A 4+ BI Uabe XX? A. AA EES : . 5. Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash...
Need Help creating Sales Budget and Budgeted Income
Statement
Sharp Products is a manufacturing company. It uses absorption costing for budgeting. unit amount Budgeted sales: Q1 of 2019 26,000 cases Q2 30,000 cases 28,000 cases Q3 Q4 12,000 cases Unit selling price $23.00 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 78% 22% Beginning FG inventory (in units) Desired ending FG inventory/next...
beginning RM inventory (in units) Quantity of DM needed per unit M cost per pound Hesired ending RM inventory/next quarter's RM needs desired ending RM inventory at year-end 24,000 pounds 20.00 pounds $0.30 dollars 15% 30,000 pounds Cash payments to suppliers: paid in the quarter of purchase paid in the quarter following purchase 40% of the purchases 60% of the purchases L hours per unit Late per hour 0.24 hours $12.00 dollars Manufacturing overhead Variable MOH Fixed MOH $5.00 per...
finished goods inventory budget
Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost per case direct materials direct labor manufacturing over head unit product cost Budgeted finished goods inventory: ending finished goods inventory in cases unit product cost endine finished poods inventory in dollars Desired ending FG inventory at year end 12,000 cases...
preparing a master budget practice
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i. Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 23,000 cases Q2...
Need Selling & Administrative Expense Budget, Cash Budget,
Budgeted Income Statement for EXCEL.
Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget c. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash Budget i Budgeted Income Statement Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting. amount unit Budgeted sales: Q1 of 2019 26,000 cases Q2 30,000 cases Q3 28,000 cases 24 12,000 cases Unit selling price $23.00 dollars per unit All sales are on account (on credit). Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 78% 22% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end...
Please post on excel spreadsheet to show formula. Thank you
Final Answers Here Please Income Statement Amounts Other Amounts 5 Units Sold * Selling Price 7 Pounds Per Direct Materials 3 DL Per OH Rate • Current Finished 7 Target Finished 2 Current DM 3 Target DM 4 Cost Per DM 5 Cost Per DL 2,500 $ 100.00 3.00 2.00 $ 15.00 300 200 100 200 $ 5.00 $ 20.00 Sales Direct Materials Direct Labor Overhead Production Budget Direct Materials...
please use excel equations to answer the income statement
amounts and other amounts
Final Answers Here Please Income Statement Amounts Other Amounts 5 Units Sold * Selling Price 7 Pounds Per Direct Materials 3 DL Per OH Rate • Current Finished 7 Target Finished 2 Current DM 3 Target DM 4 Cost Per DM 5 Cost Per DL 2,500 $ 100.00 3.00 2.00 $ 15.00 300 200 100 200 $ 5.00 $ 20.00 Sales Direct Materials Direct Labor Overhead Production...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales: Q1 of 2019 20,000 cases 33,000 cases 26,500 cases 16,500 cases Unit selling price $21.50 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 65% 35% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end 2,400 cases 30%...
preparing a master budget practice.
AaBbCcDdEe AaBbCcDdee Normal No Spacing Arial 15 AA Aa A ab A 9. . . 3 A 4+ BI Uabe XX? A. AA EES : . 5. Schedules to include: a. Sales Budget, with a Schedule of Expected Cash Collections b. Production Budget C. Ending Finished Goods Inventory Budget d. Direct Materials Budget, with a Schedule of Cash Disbursement e. Direct Labor Budget f. Manufacturing Overhead Budget g. Selling & Administrative Expense Budget h. Cash...
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