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Ans is dependent upon the sales forecast for the period.
A production schedule is a project plan of how the production budget will be spent over a given timescale, for every phase of a business project.
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The production schedule in units Cannot be prepared until the budgeted income statement is completed Is...
1. Alpha Division of the Grande Company produces and sells two products. Each product's operating income...
1. Alpha Division of the Grande Company produces and sells two products. Each product's operating income and average capital resources are shown below: Product A: Operating Income $500,000; Average capital $5,000,000. Product B: Operating Income $350,000; Average capital $4,100,000. Assuming Alpha's manager has an opportunity to undertake an investment that would require a $500,000 investment and yield $40,000 in net operating income for its product B, what would the ROI be for the entire division? 2. The production budget: (...
The usual starting point for a master budget is Mutiple Choice the budgeted income statement the...
The usual starting point for a master budget is Mutiple Choice the budgeted income statement the direct materials purchase budget. the production budget the soles forecast or sales budget.
Blossom, Inc. prepared the following master budget items for July: 26,000 units Production and sales Variable...
Blossom, Inc. prepared the following master budget items for July: 26,000 units Production and sales Variable manufacturing costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing costs Total manufacturing costs $ 26,000 $ 46,800 $ 39,000 $ 160,000 $ 271,800 During July, Blossom actually sold 32,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.) Units Production and Sales Variable Manufacturing Costs: Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing...
Q1. Develop a Master Production Schedule (MPS) The Forecast is 84 units for first period and...
Q1. Develop a Master Production Schedule (MPS) The Forecast is 84 units for first period and 80 for the second period, and 60 units for each of the next three periods. The starting Inventory is 20 units. The company uses lot size of 50 units. Committed Orders are as follows: What is the available to promise? Period Customer Orders 1 82 2 82 3 58 4 40 5 20 Q2 Complete the following problem. There are 20 on hand and...
O 2.500 units O 5,175 units. 2.5 pts Question 39 Masterson Company's budgeted production calls for...
O 2.500 units O 5,175 units. 2.5 pts Question 39 Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this materials 16,800 unit. What is the budgeted materials needed in units for April? 71,600 units 39,200 units 57,600 units. 56,000 units 54,800 units 25...
The Production Department of Connor Manufacturing has prepared the following schedule of units to be produced...
The Production Department of Connor Manufacturing has prepared the following schedule of units to be produced over the first quarter of the upcoming year: (Click the icon to view the units to be produced.) Each unit requires January February March Units to be produced. . . . . . . . . . . . . . . . . . . . . . . 580 610 830 Each unit requires 4.0 hours of direct labor. Direct labor workers...
40. Selling and Administrative Budget and Budgeted Income Statement. CThe previous problem must b...
PREVIOUS PROBLEM!
40. Selling and Administrative Budget and Budgeted Income Statement. CThe previous problem must be completed before working this problem.) Sports Bars, Inc., produces energy bars. Management estimates all selling and administrative costs are fixed. Quarterly selling and administrative cost estimates for the coming year follow Salaries Rent Advertising $120,000 Depreciation 75,000 Other $170,000 $ 65,000 36,000 Required: a Use the information presented previously to prepare a selling and administrative budget. Refer to the format shown in Figure 9.8....
Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units,...
Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and direct materials inventory and unit costs will stay constant. Direct materials Direct labor Manufacturing overhead Selling and administrative expense $12, eee $18,480 $ 24, $20,000 What is budgeted cost of goods sold for March? What is budgeted cost of goods sold for March? Multiple Choice Ο $54,400 Ο $65,280 Ο $63,280 Ο $52,262
1. The Company's actual manufacturing costs for the month of May totaled $144,000, while the budgeted...
1. The Company's actual manufacturing costs for the month of May totaled $144,000, while the budgeted manufacturing costs were $162,000. Comparison of the budgeted costs with actual amounts: a is not significant unless the budgeted and actual figures are based upon the same level of production. b Demonstrates that the Manufacturing Department operated very efficiently during May. C Indicates that production cost per unit was 10% below budgeted cost per unit. d Indicates that the Company produced only 90% of...
artment of a four-department 10. Additional materials are added in the second department of a fou...
artment of a four-department 10. Additional materials are added in the second department of a fou production process. However, this addition does not increase the number of units being produced in the second department, but will: A. increase the equivalent units of production. B. increase the total cost per unit. C. decrease the value of the transferred-in costs. D. decrease the total costs to account for. 17. Which of the following statements is (are) false? (1) An organization's sales staff...
Blossom, Inc. prepared the following master budget items for July: 26,000 units Production and sales Variable manufacturing costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing costs Total manufacturing costs $ 26,000 $ 46,800 $ 39,000 $ 160,000 $ 271,800 During July, Blossom actually sold 32,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.) Units Production and Sales Variable Manufacturing Costs: Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing...
O 2.500 units O 5,175 units. 2.5 pts Question 39 Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs $1.85 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this materials 16,800 unit. What is the budgeted materials needed in units for April? 71,600 units 39,200 units 57,600 units. 56,000 units 54,800 units 25...
PREVIOUS PROBLEM!
40. Selling and Administrative Budget and Budgeted Income Statement. CThe previous problem must be completed before working this problem.) Sports Bars, Inc., produces energy bars. Management estimates all selling and administrative costs are fixed. Quarterly selling and administrative cost estimates for the coming year follow Salaries Rent Advertising $120,000 Depreciation 75,000 Other $170,000 $ 65,000 36,000 Required: a Use the information presented previously to prepare a selling and administrative budget. Refer to the format shown in Figure 9.8....
Lemon, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and direct materials inventory and unit costs will stay constant. Direct materials Direct labor Manufacturing overhead Selling and administrative expense $12, eee $18,480 $ 24, $20,000 What is budgeted cost of goods sold for March? What is budgeted cost of goods sold for March? Multiple Choice Ο $54,400 Ο $65,280 Ο $63,280 Ο $52,262
1. The Company's actual manufacturing costs for the month of May totaled $144,000, while the budgeted manufacturing costs were $162,000. Comparison of the budgeted costs with actual amounts: a is not significant unless the budgeted and actual figures are based upon the same level of production. b Demonstrates that the Manufacturing Department operated very efficiently during May. C Indicates that production cost per unit was 10% below budgeted cost per unit. d Indicates that the Company produced only 90% of...
artment of a four-department 10. Additional materials are added in the second department of a fou production process. However, this addition does not increase the number of units being produced in the second department, but will: A. increase the equivalent units of production. B. increase the total cost per unit. C. decrease the value of the transferred-in costs. D. decrease the total costs to account for. 17. Which of the following statements is (are) false? (1) An organization's sales staff...
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