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E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets (LO 8-3b] Galactic Inc. manufactures flying drone...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets (LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 540, 520, 592,552, and 620 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 380, 360, 432, 392, and 460 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent...
Need help on the second part Galactic Inc. manufactures flying drone toys. Sales units for January,...
Need help on the second part
Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512, 472, and 540 respectively. ints Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next quarter's materials...
E8-22 (Static) Preparing the Direct Labor and Manufacturing Overhead Budgets [LO 8-3d, e Galactic Inc. manufactures...
E8-22 (Static) Preparing the Direct Labor and Manufacturing Overhead Budgets [LO 8-3d, e Galactic Inc. manufactures flying drone toys. Budgeted Production units for January, February, and March were 295, 298, and 342, respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $15 per hour. The company's variable overhead is $4.00 per unlt produced and Its fixed overhead is $5,500 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine...
E8-23 (Algo) Cost of Goods Sold Budget (LO 8-3f] Galactic Inc. manufactures flying drone toys. Sales...
E8-23 (Algo) Cost of Goods Sold Budget (LO 8-3f] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 400, 380, 452, 412, and 480 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $20 per hour. The company's variable overhead is $9 per unit produced and its fixed overhead is $6,000 per month. Use the information presented to complete the requirements. The drone toy includes 4 LED lights,...
Prepare the sales, production, and direct material budgets by quarters for 2020. American Company is preparing...
Prepare the sales, production, and direct material budgets by quarters for 2020. American Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, direct materials budgets are as follows: Sales: Sales for the year are expected to total 1,200,000 units Quarterly sales are 20%, 25%, 30%, and 25% respectively. The sales price is expected to be $ 50 per units for the first three quarters and $55 per unit beginning in the fourth quarter. Sales...
Exercise 7-4 Preparing Direct Materials and Direct Labour Budgets (LO2 - CC7, 8) The production department...
Exercise 7-4 Preparing Direct Materials and Direct Labour Budgets (LO2 - CC7, 8) The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 2nd ist Quarter Quarter 8,800 9,800 3rd Quarter 7,800 4th Quarter 6,800 Units to be produced In addition, the beginning raw materials inventory for the first quarter is budgeted to be 2,300 kilograms and the beginning accounts payable for the first quarter are budgeted...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. ...
NEED ANSWER OF THE " F " PART ONLY!
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. Sports Bars Inc., produces energy bars and sells them by the case (1 unit - 1 case). Information to be used for the operating budget this coming year follows: Average sales price for each case is estimated to be $25. Unit sales for this coming year, ending December 31, are expected to be as follows First quarter 80,ooo Second...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets (LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 540, 520, 592,552, and 620 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of...
E8-21 (Algo) Preparing Production and Direct Materials Purchases Budgets [LO 8-3b] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 380, 360, 432, 392, and 460 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent...
Need help on the second part
Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512, 472, and 540 respectively. ints Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next quarter's materials...
E8-22 (Static) Preparing the Direct Labor and Manufacturing Overhead Budgets [LO 8-3d, e Galactic Inc. manufactures flying drone toys. Budgeted Production units for January, February, and March were 295, 298, and 342, respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $15 per hour. The company's variable overhead is $4.00 per unlt produced and Its fixed overhead is $5,500 per month. Required: 1. Determine the Galactic's direct labor budget for the first quarter. 2. Determine...
E8-23 (Algo) Cost of Goods Sold Budget (LO 8-3f] Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 400, 380, 452, 412, and 480 respectively. Each unit requires 3 direct labor hours and Galactic's hourly labor rate is $20 per hour. The company's variable overhead is $9 per unit produced and its fixed overhead is $6,000 per month. Use the information presented to complete the requirements. The drone toy includes 4 LED lights,...
Prepare the sales, production, and direct material budgets by quarters for 2020. American Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, direct materials budgets are as follows: Sales: Sales for the year are expected to total 1,200,000 units Quarterly sales are 20%, 25%, 30%, and 25% respectively. The sales price is expected to be $ 50 per units for the first three quarters and $55 per unit beginning in the fourth quarter. Sales...
Exercise 7-4 Preparing Direct Materials and Direct Labour Budgets (LO2 - CC7, 8) The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 2nd ist Quarter Quarter 8,800 9,800 3rd Quarter 7,800 4th Quarter 6,800 Units to be produced In addition, the beginning raw materials inventory for the first quarter is budgeted to be 2,300 kilograms and the beginning accounts payable for the first quarter are budgeted...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
SarasotaCompany is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,200,000 units. Quarterly sales are 18%, 25%, 23%, and 34%, respectively. The sales price is expected to be $38 per unit for the first three quarters and $47 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than...
NEED ANSWER OF THE " F " PART ONLY!
39. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead. Sports Bars Inc., produces energy bars and sells them by the case (1 unit - 1 case). Information to be used for the operating budget this coming year follows: Average sales price for each case is estimated to be $25. Unit sales for this coming year, ending December 31, are expected to be as follows First quarter 80,ooo Second...
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