Homework Answers
Solution 1:
| Bathworks | |||||
| Sales Budget | |||||
| For the year ended Dec 31 | |||||
| Particulars | Q1 | Q2 | Q3 | Q4 | Year |
| Sales in units | 4000 | 3000 | 5000 | 5000 | 17000 |
| Selling price per unit | $6.00 | $6.00 | $6.00 | $6.00 | $6.00 |
| Total sales | $24,000.00 | $18,000.00 | $30,000.00 | $30,000.00 | $102,000.00 |
Note: Direct labor budget cannnot be prepared as details about production is not available in question.
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4. Direct labor budget: Bathworks Direct Labor Budget For the Year Ended December 31 Quarter 1 Total prod...
Direct Labor Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter...
Direct Labor Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Budgeted direct labor cost i - X More Info (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) a. Budgeted sales are 1,100 tires for the first quarter and expected to increase by 250 tires per quarter. Cash sales are...
DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units....
DUE SOON, PLEASE HELP!!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to...
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 398300 207700 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 159320 124620 Direct Labor Cost per Hour 12 $ 12 Total Direct Labor Cost 1911840 1495440 $ 3407280 e Textbook and Media Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month and for the first quarter of 20182018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for...
DUE SOON, PLEASE HELP!!!! Sales for the final quarter of the prior year total 800 units....
DUE SOON, PLEASE HELP!!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
create the initial documents for the master budget: • sales budget • production budget • direct...
create the initial documents for the master budget:
• sales budget
• production budget
• direct materials purchases budget
• direct labor budget
• overhead budget
• selling and administrative expense budget
• cash budget include a schedule of cash collections and
payments
• finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month and for the first quarter of 20182018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Units to be produced Click if you would like to Show Work for this question: Open Show Work Pless N Teprocess your dilswei. Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending Dece Pro...
A. Create a sales budget for the year ended December 31, 2017 B. Create a schedule...
A.
Create a sales budget for the year ended December 31, 2017
B. Create a schedule of expected cash collections for the year
ended December 31, 2017
File Edit Insert a a Format Help Caliber . 10 . BIUSA - ES -3.53 I E F G H Assumptions Endless Mountain Company manufactures a single product that is popular with outdore recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in...
DUE SOON, PLEASE HELP!!! Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the...
DUE SOON, PLEASE
HELP!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
Direct Labor Budget For the Year Ended December 31, 2019 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Budgeted direct labor cost i - X More Info (Unless otherwise noted, assume all of the following events occurred during 2018 and that any balances given are stated as of December 31, 2018.) a. Budgeted sales are 1,100 tires for the first quarter and expected to increase by 250 tires per quarter. Cash sales are...
DUE SOON, PLEASE HELP!!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 398300 207700 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 159320 124620 Direct Labor Cost per Hour 12 $ 12 Total Direct Labor Cost 1911840 1495440 $ 3407280 e Textbook and Media Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are...
DUE SOON, PLEASE HELP!!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
create the initial documents for the master budget:
• sales budget
• production budget
• direct materials purchases budget
• direct labor budget
• overhead budget
• selling and administrative expense budget
• cash budget include a schedule of cash collections and
payments
• finished goods inventory calculation
Then, Create the following schedules, financial statements, and
calculations
A) Pro forma cost of goods manufactured
B) Pro forma Cost of goods sold- both financial and variable
cost basis
C) Pro forma...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Units to be produced Click if you would like to Show Work for this question: Open Show Work Pless N Teprocess your dilswei. Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending Dece Pro...
A.
Create a sales budget for the year ended December 31, 2017
B. Create a schedule of expected cash collections for the year
ended December 31, 2017
File Edit Insert a a Format Help Caliber . 10 . BIUSA - ES -3.53 I E F G H Assumptions Endless Mountain Company manufactures a single product that is popular with outdore recreation enthusiasts. The company sells its product to retailers throughout the northeastern quadrant of the United States. It is in...
DUE SOON, PLEASE
HELP!!!
Sales for the final quarter of the prior year total 800 units. Expected sales in units) for the current year are: 720 (Quarter 1), 480 (Quarter 2), 640 (Quarter 3), and 640 (Quarter 4). Sales for the first quarter of the following year total 960 units. The selling price is $660 per unit in the first three quarters of the year, and $690 per unit in the final quarter. Company policy calls for a given quarter's...
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