Solution 1:
Budgeted Sales Revenue - Wesley Power | ||||
Particulars | January | February | March | 1st Quarter Total |
Expected sales units | 3800 | 4000 | 4500 | 12300 |
Selling price per unit | $46.00 | $46.00 | $46.00 | $46.00 |
Budgeted Sales Revenue | $174,800.00 | $184,000.00 | $207,000.00 | $565,800.00 |
Solution 2:
Production Budget in Units - Wesley Power Tools For First quarter |
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Particulars | January | Feburary | March | 1st Quarter Total | April |
Sales | 3800 | 4000 | 4500 | 12300 | 4300 |
Desired ending inventory (25% of next month sales) | 1000 | 1125 | 1075 | 1075 | 925 |
Total needs | 4800 | 5125 | 5575 | 13375 | 5225 |
Less: Beginning inventory | 950 | 1000 | 1125 | 950 | 1075 |
Units produced | 3850 | 4125 | 4450 | 12425 | 4150 |
Solution 3:
Direct material purchase budget (Plastic housing) -Wesley Power Tools | ||||
Particulars | January | Feburary | March | 1st Quarter Total |
Budgeted Production units | 3850 | 4125 | 4450 | 12425 |
Direct material per unit | 1 | 1 | 1 | 1 |
Production needs | 3850 | 4125 | 4450 | 12425 |
Desired ending inventory (20% of following month production requirements) | 825 | 890 | 830 | 830 |
Total needs | 4675 | 5015 | 5280 | 13255 |
Less: Beginning inventory | 770 | 825 | 890 | 770 |
Direct materials to be purchased (Plastic housing) | 3905 | 4190 | 4390 | 12485 |
Cost per plastic housing | $5.00 | $5.00 | $5.00 | $5.00 |
Budgeted cost of purchases | $19,525.00 | $20,950.00 | $21,950.00 | $62,425.00 |
Solution 4:
Budgeted labor cost budget - Wesely Power Tool | ||||
Particulars | January | Feburary | March | 1st Quarter Total |
Budgeted Production units | 3850 | 4125 | 4450 | 12425 |
Direct labor hours per unit | 0.60 | 0.60 | 0.60 | 0.60 |
Budgeted direct labor hours | 2310 | 2475 | 2670 | 7455 |
direct labor cost per hour | $22.00 | $22.00 | $22.00 | $22.00 |
Budgeted direct labor cost | $50,820.00 | $54,450.00 | $58,740.00 | $164,010.00 |
Wesley Power Tools manufactures a wide vaniety of tools and accessones. One of ts 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 $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 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 $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 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...
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 handisaw. Each handisaw sells for $48. Wesley expects the following unit sales: 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 $48. Wesley expects the following unit sales: January February March April...
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...
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...
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 handisaw. Each handisaw sells for $46. Wesley expects the following unit sales: January February March April May 3,800 4,000 4,500 4,300 3,700 Wesley's ending finished goods inventory policy is 25 percent of the next month's sales. Suppose each handisaw takes approximately 60 hours to manufacture, and Wesley pays an...
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 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...