Jan | Feb | Mar | |
Opening Inventory | 0 | 24000 | |
Sales (in Units) | 30000 | 36000 | 33000 |
Production | 54000 (36000*1.5) | 16500 (33000*0.5) | |
Closing Inventory | 24000 | 4500 | |
Particulars | per unit $ | Cost of Production for 16500 units | |
Basic Material | 3.5 | ||
Voice Box | 1 | ||
Labour | 2 | ||
Variable OH | 0.5 | ||
Total Variable Cost | 7 | 115500 | |
Fixed Cost | 12000 | ||
Total Cost of Production Feb | 127500 |
1. Daffy Tunes manufactures a toy rabbit with moving parts and a built-in voice box. Projected...
Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $66. Wesley expects the following unit sales: January February March April May 5,800 6,000 6,500 6,300 5,700 Wesley's ending finished goods inventory policy is 20 percent of the next month's sales. Suppose each handisaw takes approximately.75 hours to manufacture, and Wesley pays an average labor wage of $28 per hour. Each handisaw requires a...
Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $44. Wesley expects the following unit sales: January February March April May 2,000 2,200 2,700 2,500 1,900 Wesley's ending finished goods inventory policy is 30 percent of the next month's sales. Suppose each handisaw takes approximately 0.75 hours to manufacture, and Wesley pays an average labor wage of $18 per hour. Each handisaw requires...
Wesley power tools Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power and saw. Each handisaw sells for $48. Wesley expects the following unit sales January February March April 4.000 4,200 4,700 Mary 3,900 Wesley's ending finished goods inventory policy is 20 rcent of the next month's sales. Suppose each handisaw takes approximately 0.75 to manufacture, and Wesley pays an average labor wage of $24 per hour Each...
Developing a Master Budget for a Manufacturing Organization Jacobs Incorporated manufactures a product with a selling price of $50 per unit. Units and monthly cost data follow: Variable: Selling and administrative $5 per unit sold Direct materials 10 per unit manufactured Direct labor 10 per unit manufactured Variable manufacturing overhead 5 per unit manufactured Fixed: Selling and administrative $20,000 per month Manufacturing (including depreciation of $10,000) 30,000 per month Jacobs pays all bills in the month incurred. All sales are...
Developing a Master Budget for a Manufacturing Organization Jacobs Incorporated manufactures a product with a selling price of $50 per unit. Units and monthly cost data follow: Variable: Selling and administrative $5 per unit sold Direct materials 10 per unit manufactured Direct labor 10 per unit manufactured Variable manufacturing overhead 5 per unit manufactured Fixed: Selling and administrative $20,000 per month Manufacturing (including depreciation of $10,000) 30,000 per month Jacobs pays all bills in the month incurred. All sales are...
Developing a Master Budget for a Manufacturing Organization Jacobs Incorporated manufactures a product with a selling price of $50 per unit. Units and monthly cost data follow: Variable: Selling and administrative $5 per unit sold Direct materials 10 per unit manufactured Direct labor 10 per unit manufactured Variable manufacturing overhead 5 per unit manufactured Fixed: Selling and administrative $20,000 per month Manufacturing (including depreciation of $10,000) 30,000 per month Jacobs pays all bills in the month incurred. All sales are...
Developing a Master Budget for a Manufacturing Organization Jacobs Incorporated manufactures a product with a selling price of $50 per unit. Units and monthly cost data follow: Variable: Selling and administrative $5 per unit sold Direct materials 10 per unit manufactured Direct labor 10 per unit manufactured Variable manufacturing overhead 5 per unit manufactured Fixed: Selling and administrative $20,000 per month Manufacturing (including depreciation of $10,000) 30,000 per month Jacobs pays all bills in the month incurred. All sales are...
PA8-4 Preparing Operating Budget Components [LO 8-3a, b, c, d] Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handsaw. Each handsaw sells for $36 Wesley expects the following unit sales: 2 800 3.000 January February March Agri 3.300 2700 Wesley's ending finished goods inventory policy is 20 percent of the next month's sales Suppose each handisaw takes approximately 75 hours to manufacture, and Wesley pays an average...
PA8-4 (Algo) Preparing Operating Budget Components [LO 8-3a, b, c, d] Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $44. Wesley expects the following unit sales: January February March 3,600 3,800 4,300 4,100 3,500 April May Wesley's ending finished goods inventory policy is 30 percent of the next month's sales. Suppose each handisaw takes approximately 0.60 hours to manufacture, and Wesley pays...
Prepare a production budget for January and February 7. Developing a Master Budget Heartbreaker Inc. manufactures a product with a selling price of $60 per unit. Units and monthly cost data follow: Variable: Selling and administrative............ Direct materials.............. Direct labor.. Variable manufacturing overhead...... Fixed: Selling and administrative....... Manufacturing (including depreciation of $11,000)............ $ 5 per unit sold 12 per unit manufactured 12 per unit manufactured 6 per unit manufactured $17,000 per month 34,000 per month Heartbreaker pays all bills in...