Closing stock is 20%of next quarter sales
Thus for bagpacks =20%*46200=9240 units
Larger bagpacks=20%*41580=8316 units
Production of units during the year
Bagpacks | Larger bagpacks | |
Sales during the year | 243936 | 129360 |
Add:Desired inventory at the end of year (20%) | 9240 | 8216 |
Less: opening inventory | 50820 | 27720 |
Production | 202356 |
129360 |
Direct labour budget
Bagpacks | Largerbagpacks | Total hours | Rate | Total Cost | |
Cutting Department |
202356*0.110 hrs =22259.16 hrs |
109956*0.165hrs =18142.74 hrs |
40402 hrs | $20.79 | $839957.58 |
Sewing Department |
202356*0.275 hrs=55647.9 hrs |
109956*0.44hrs =48380.64hrs |
104029 hrs (approx) | $34.65 | $3604604.85 |
Total | 144431 hrs | $4444562.43 | |||
HAPPY LEARNING :)
Could you do letter D. Direct labor budget Comprehensive Budget Project 2a Confluence Backpacks Manufacturing Confluence...
create the initial documents for the master budget: • sales budget • production budget • direct materials purchases budget • direct labor budget • overhead budget • selling and administrative expense budget • cash budget include a schedule of cash collections and payments • finished goods inventory calculation Then, Create the following schedules, financial statements, and calculations A) Pro forma cost of goods manufactured B) Pro forma Cost of goods sold- both financial and variable cost basis C) Pro forma...
I need this answered in Microsoft Excel please GBCoffee Budget Project The GBCoffee Company roasts and sells high quality certified sustainable coffee beans. The final one pound bags of roasted whole coffee beans has two direct materials – coffee beans and packaging. GBCoffee is preparing budgets for the fourth quarter ending December 31, 2019. For each requirement below prepare budgets by month for October, November, and December, and a total budget for the quarter. 1. The previous year’s sales for...
Direct Labor Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Budgeted direct labor cost i - X More Info (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) a. Budgeted sales are 1,100 tires for the first quarter and expected to increase by 250 tires per quarter. Cash sales are...
How do I prepare a direct labor budget that is similar to Illustration 22.11 of the textbook. (illustration included below) (Please show how you calculated the budget, and round to the nearest hour.) Illustration 22.11 below H C D E F G Serious Business, Inc. The company is preparing its budget for the coming year, 2020. The first step is to plan for the FIRST QUARTER of that 2 coming year. The following information has been gathered from their managers...
Please show the formulas. Unique Sinks Master Budget Unique Sinks is a family-owned manufacturing business specializing in sinks; it does not produce any of the faucets or plumbing needed for installation. The company focuses on the new housing market, which has been quite strong for over ten years. Unique Sinks' core competencies include a relatively low- cost but high-quality manufacturing process for sinks. During the last several years, demand for large houses with three to four bathrooms was strong. And...
Create These budgets: -selling and administrative expense budget -cash budget include a schedule of cash collections and payments -finished goods inventory calculation Then, Create the following schedules, financial statements, and calculations A) Pro forma cost of goods manufactured B) Pro forma Cost of goods sold- both financial and variable cost basis C) Pro forma income statement (financial basis) D) Pro forma balance sheet E)Pro forma Income statement (variable cost basis) F) Pro forma statement of retained earnings G) breakeven analysis:...
Balance Sheet December 31, 2018 Assets Current Assets: Cash Accounts Receivable Raw Materials Inventory 66,000 35,000 6,800 11.600 119,400 Finished Goods Inventory Total Current Assets Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation 142,000 (106,000) 36,000 155,400 Total Assets Liabilities 5,000 Current Liabilities: Accounts Payable Stockholders' Equity Common Stock, no par $ Retained Earnings Total Stockholders' Equity 110,000 40,400 150,400 Total Liabilities and Stockholders' Equity $ 155,400 1. Prepare Gilder's operating budget and cash budget for 2019 by quarter. Required...
Other data for Grady Tire Company: Click the icon to view the other data.) Read the requirements The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is planning for the next year by developing a master budget by quarters. Grady's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Grady Tire Company Direct Materials Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter...
The Grady Tire Company manufactures racing tires for bicycles. Grady sells tires for $70 each. Grady is Other data for Grady Tire Com planning for the next year by developing a master budget by quarters. Grady's balance sheet for (Click the icon to view the December 31, 2018, follows: B (Click the icon to view the balance sheet.) Read the requirements Selling and Administrative Expense Budget For the Year Ended December 31, 2019 First Second Third Fourth Quarter Quarter Quarter...
Other data for Giseppe Tire Company: (Click the icon to view the other data.) The Giseppe Tire Company manufactures racing tires for bicycles. Giseppe sells tires for $80 each. Giseppe is planning for the next year by developing a master budget by quarters. Giseppe's balance sheet for December 31, 2018, follows: (Click the icon to view the balance sheet.) Read the requirements. Requirement 1. Prepare Giseppe's operating budget and cash budget for 2019 by quarter. Required schedules and budgets include:...