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 $40. Wesley expects the following unit sales:
January 2,200
February 2,200
March 2,700 April 2,500
May 2,000
Wesley’s ending finished goods inventory policy is 20 percent of the next month’s sales. Suppose each handisaw takes approximately .35 hours to manufacture, and Wesley pays an average labor wage of $13.50 per hour. Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $5.00 each. The company has an ending raw materials inventory policy of 10 percent of the following month’s production requirements. Materials other than the housing unit total $4.50 per handisaw. Manufacturing overhead for this product includes $63,000 annual fixed overhead (based on production of 21,000 units) and $.90 per unit variable manufacturing overhead. Wesley’s selling expenses are 5 percent of sales dollars, and administrative expenses are fixed at $15,000 per month. Required: 1. Compute the budgeted cost of goods sold for the first quarter. (Round direct material, direct labor and overhead costs per unit to 2 decimal places. Round final answers to the nearest dollar amount.) 2. Compute the budgeted selling and administrative expenses. 3. Complete the budgeted income statement for the handisaw product for the first quarter. (Round direct material, direct labor and overhead costs per unit to 2 decimal places. Round final answers to the nearest dollar amount.)
Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular...
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 $70. Wesley expects the following unit sales January 2,400 February 2,700 March 2,700 April 2,700 May 2,200 Wesley’s ending finished goods inventory policy is 35 percent of the next month’s sales. Suppose each handisaw takes approximately .55 hours to manufacture, and Wesley pays an average labor wage of $12.50 per hour. Each handisaw requires...
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 $60. Wesley expects the following unit sales: January 2,200 February 2,400 March 2,800 April 2,500 May 2,000 Wesley’s ending finished goods inventory policy is 20 percent of the next month’s sales. Suppose each handisaw takes approximately 0.65 hours to manufacture, and Wesley pays an average labor wage of $14.50 per hour. Each handisaw requires...
Wesley Power tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless handisaw. Each handisaw sells for $60. Wesley expects the following unit sales: January 2300 February 2,300 March 2,900 April 2700 May 2,300 Wesley’s ending finished goods inventory policy is 25 % of the next month’s sales. Suppose each handisaw takes approximately 0.55 hours to manufacture, and Wesley pays an average labor wage of $13.50 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 handisaw. Each handisaw sells for $38. Wesley expects the following unit sales: January 3,000 February 3,200 March 3,700 April 3,500 May 2,900 Wesley’s ending finished goods inventory policy is 30 % of the next month’s sales. Suppose each handisaw takes approximately 0.6 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 manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $60. Wesley expects the following unit sales: January February 2,100 2,500 3,000 2,700 1,900 March April Мay Wesley's ending finished goods inventory policy is 30 percent of the next month's sales. Suppose each handisaw takes approximately 0.65 hours to manufacture, and Wesley pays an average labor wage of $13.50 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...
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 handisew sells for $70. Wesley expects the following unit sales: 1.000 2.50 2.300 Suppose each handisaw takes approximately 0.55 hours to manufacture, and Wesley pays an average labor wage of $12.50 per hour. Each hand saw requires a plastic housing that Wesley purchases from a supplier at a cost of $4.00 each. The company has an ending...
Wesley Power Tools manufactures a wide vaniety of tools and accessones. One of ts more popular tems is a cordless power handisaw Each handisaw sells for $46. Wesley expects the following unit sales: January February March Apri May 3,800 4,000 4,500 3,700 Wesleys ending finished goods inventory policoy is 25 percent of the next month's sales Suppose each handis aw takes approxmately 60 hours to manufacture, and Wesley pays an average labor wage of $22 per hour Each handis aw...