Budgeted Income Statement and Supporting Budgets
The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March:
Batting helmet | 1,200 units at $40 per unit |
Football helmet | 6,500 units at $160 per unit |
Direct materials: | |
Plastic | 90 lb. |
Foam lining | 80 lb. |
Finished products: | |
Batting helmet | 40 units at $25 per unit |
Football helmet | 240 units at $77 per unit |
Direct materials: | |
Plastic | 50 lb. |
Foam lining | 65 lb. |
Finished products: | |
Batting helmet | 50 units at $25 per unit |
Football helmet | 220 units at $78 per unit |
In manufacture of batting helmet: | |
Plastic | 1.20 lb. per unit of product |
Foam lining | 0.50 lb. per unit of product |
In manufacture of football helmet: | |
Plastic | 3.50 lb. per unit of product |
Foam lining | 1.50 lb. per unit of product |
Plastic | $6.00 per lb. |
Foam lining | $4.00 per lb. |
Batting helmet: | |
Molding Department | 0.20 hr. at $20 per hr. |
Assembly Department | 0.50 hr. at $14 per hr. |
Football helmet: | |
Molding Department | 0.50 hr. at $20 per hr. |
Assembly Department | 1.80 hrs. at $14 per hr. |
Indirect factory wages | $86,000 |
Depreciation of plant and equipment | 12,000 |
Power and light | 4,000 |
Insurance and property tax | 2,300 |
Sales salaries expense | $184,300 |
Advertising expense | 87,200 |
Office salaries expense | 32,400 |
Depreciation expense—office equipment | 3,800 |
Telephone expense—selling | 5,800 |
Telephone expense—administrative | 1,200 |
Travel expense—selling | 9,000 |
Office supplies expense | 1,100 |
Miscellaneous administrative expense | 1,000 |
Interest revenue | $940 |
Interest expense | 872 |
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Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the...
Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit Estimated inventories at March 1: Direct materials: Plastic 90 lb. Foam lining 80 lb. Finished products: Batting helmet 40...
Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co, with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March a. Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit b. Estimated inventories at March 1: Direct materials Plastic 90 lb Foam lining 80 lb Finished pducts Batting...
Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March 2016: Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit Estimated inventories at March 1: Direct materials: Plastic 90 lbs. Foam lining 80 lbs. Finished products: Batting helmet...
Budgeted Income Statement and Supporting Budgets The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit Estimated inventories at March 1: Direct materials: Plastic 90 lbs. Foam lining 80 lbs. Finished products: Batting helmet 40...
The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: Estimated sales for March: Batting helmet 1,200 units at $40 per unit Football helmet 6,500 units at $160 per unit Estimated inventories at March 1: Direct materials: Finished products: Plastic 90 lbs. Batting helmet 40 units at $25 per unit Foam lining 80 lbs. Football...
PR 21-3B Budgeted income statement and supporting budgets Obj. 4 4. Total direct labor cost in Assembly Dept. The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for March: A. Estimated sales for March: $171,766 Batting helmet.... 1,200 units at $40 per unit 6,500 units at $160 per unit EXCEL TEMPLATE Football helmet B. Estimated inventories...
do not answer otal direct cost in nbly Dept., 766 PR 22-3B Budgeted Income statement and supporting budgets OBJ.4 The budget director of Gold Medal Athletic Co., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following datit for use in developing the budgeted income statement for March: a. Estimated sales for March: Batting helmet...... 1,200 units at $40 per unit Football helmet... 6,500 units at S160 per unit (Continued b. Estimated inventories at...
Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: a. Estimated sales for May: Bicycle helmet 8,500 units at $24 per unit Motorcycle helmet 5,500 units at $180 per unit b. Estimated inventories at May 1: Direct materials: Finished products: Plastic 1,480 lbs. Bicycle helmet 200 units at $15...
Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: a. Estimated sales for May: Bicycle helmet 9,250 units at $24 per unit Motorcycle helmet 6,250 units at $180 per unit b. Estimated inventories at May 1: Direct materials: Finished products: Plastic 1,480 lbs. Bicycle helmet 200 units at $15...
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