Matching Identify the document needed to support each of the following activities in a manufacturing organization...
The following outlines a number of activities related to operations at Joey Bats Manufacturing Ltd: (3 marks each) a) Engineers design new maple bats (products). b) Production workers set up machines, which will be used to produce the bats c) Completed goods are inspected for quality assurance. d) Maple wood (direct materials) is moved from inventory to the production line. e) Raw materials are received from the lumber supplier. f) Regular equipment maintenance is performed. g) The inventory management software...
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...
Power Inc. is a manufacturing company. It manufactures 2 products, known as ‘A’ and ‘B’. The following information is given for the year 2019: - The standard direct materials and direct labor used for each product is as follows: ‘A’ ‘B’ Material 1 10 units 8 units Material 2 5 units 9 units Direct Labor 10 hours 15 hours Standard direct materials and direct labor costs: (USD) Material 1 8.20 per unit Material 2 17.00...
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...
Total Materials Required Required Production Units Total Required Units Beginning Finished Goods Unit Beginning Direct Materials Desired Ending Direct Materials Expected Unit Sales Desired Ending Finished Goods Unit Direct Materials Per Unit Direct Materials Purchases Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,400 7,130 8,110 10,350 The January 1, 2020, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the...
Problems 38. Budgeting for Sales, Production, Direct Materials, Direct Labor, and Manufacturing Overhead: Ethical issues. Sanders Swimwear, Inc., produces swimsuits. The following information is to be used for the operating budget this coming year. • Average sales price for each swimsuit is estimated to be $50. Unit sales for this coming year ending December 31 are expected to be as follows: First quarter 3.000 Second quarter 5.000 Third quarter 20.000 Fourth quarter 6,000 . Finished goods inventory is maintained at...
White Corporation's budget calls for the following sales for next year: Quarter i Quarter 2 108,500 units 90,000 units Quarter 3 Quarter 4 73,300 units 105,200 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1....
Please answer all the questions!! Orange Co. is a manufacturer and Pineapple Company the difference in the budgets the two entities will prep is a merchandiser. What is are? orapare a merchnidion budget, and PipleCmpany will b. Orange Co. will prepare a sales forecast, and Pineapple Company will prepare a sales budget c. Pineapple Company will prepare a production budget, and Orange Co. will prepare a merchandise purchases budget d. Both compani es will prepare the same types of budgets...
ACC 300 CHAPTER 6 HW Jensen Manufacturing has the following information relating to their master budget for 2020: Units Sold Selling Price Pounds of Direct Materials Per Unit Manufactured DL Hours Per Unit Manufactured OH Rate Per DL Hour Current Inventory of Finished Product Target Inventory of Finished Product Current Inventory of Direct Materials Target Inventory of Direct Materials Cost per Pound of Direct Material Cost per Direct Labor Hour 2,500 units $100 per unit 3 pounds 2 hours $15...