16. Janice, Inc. budgeted production of 230.000 kg of product for the year 2020. Each d...
Surreal Sound, Inc. manufactures and sells portable mini speakers. Budgeted price and cost data for the next year are as follows: $30.00 Selling price per unit Variable Expenses per unit: Direct material $8.20 $4.00 $6.00 $1.60 $19.80 Direct labor Manufacturing overhead Selling expenses Total variable cost per unit Annual fixed costs: Manufacturing overhead Selling and administrative Total fixed costs $288,000.00 $426,000.00 $714,000.00 Forecasted annual sales revenue $3,600,000.00 Required: (10 points) A) What is the break-even volume for Surreal Sound in...
1. Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,970 yards with the desired ending balance of 3,700 yards of material. If the material costs $5.80 per yard, determine the materials budget for the year. $ 2. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 626,000 units, estimated beginning inventory is 106,000 units,...
Andretti Company has a single product called a Dak. The company normally produces and sells 125,000 Daks each year at a selling price of $48 per unit. The company's unit costs at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses Total cost per unit $ 6.50 11.00 2.20 6.00 ($750,000 total) 2.70 5.50 ($687,500 total) $33.90 A number of questions relating to the production and...
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...