1 | DETERMINATION OF UNIT COST | |||||||||||
PRODUCT JB 50 | PRODUCT JB 60 | |||||||||||
DM | 6 | 12 | ||||||||||
`2LBS*3 | `3LBS*4 | |||||||||||
DLC | 4.8 | 7.2 | ||||||||||
`12*0.4 | `12*0.6 | |||||||||||
VARIABLE OHS | 2.2 | 2.2 | ||||||||||
TOTAL | 13 | 21.4 | ||||||||||
2 | NO OF UNITS TO BE SOLD | |||||||||||
SALES UNITS | DESIRED FG | BEGINNING INVENTORY | ||||||||||
PRODUCT JB 50 | 400000 | 0 | 0 | 400000 | ||||||||
PRODUCT JB 60 | 20000 | 0 | 0 | 20000 | ||||||||
NO DATA ON OPENING AND DESIRED FG IS GIVEN IN THE QUESTION SO CONSIDERING IT AS 0 | ||||||||||||
3.DETERMINE THE COST OF GOODS SOLD | ||||||||||||
JB 50 | JB 60 | |||||||||||
BEGINNING | 0 | 0 | ||||||||||
`0*13 | `0*20 | |||||||||||
PRODUCTION | 5200000 | 428000 | ||||||||||
`13*400000 | `21.4*20000 | |||||||||||
GOODS AVAILABLE | 5200000 | 428000 | ||||||||||
ENDING INVENTORY | 0 | 0 | ||||||||||
5200000 | 428000 | |||||||||||
4. MASTER BUDGET | ||||||||||||
JB 50 | JB 60 | TOTAL | ||||||||||
SALES | 8000000 | 500000 | 8500000 | |||||||||
`20*400000 | `25*20000 | |||||||||||
COGS | 5200000 | 428000 | 5628000 | |||||||||
`13*400000 | `21.4*20000 | |||||||||||
% | 0.65 | 0.856 | ||||||||||
SELLING AND | 50000 | 5000 | 55000 | |||||||||
ADMIN EXPENSES | 200000 | 50000 | 250000 | |||||||||
2550000 | 17000 | 2567000 | ||||||||||
INCOME TAX | 765000 | 5100 | 770100 | |||||||||
1785000 | 11900 | |||||||||||
please solve neatly and clearly. thank you Delcon Inc is preparing it annual budget for 2019....
Sheffield Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,200 203,400 Unit selling price $22 $28 Production budget: Desired ending finished goods units 26,700 19,700 Beginning finished goods units 32,500 11,400 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 34,300 19,500 Beginning direct materials pounds 44,300 11,200 Cost per...
Sheffield Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,200 203,400 $22 $28 26,700 19,700 32,500 11,400 Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor...
Problem 22-02A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 403,400 $22 201,800 $27 27,500 32,800 17,200 13,800 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget:...
Culver Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 404,400 202,600 Unit selling price $23 $28 Production budget: Desired ending finished goods units 27,300 19,000 Beginning finished goods units 34,700 13,000 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 34,200 19,400 Beginning direct materials pounds 44,400 12,000 Cost per...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,200 203,400 Unit selling price $22. $21 Production budget: Desired ending finished goods units 26,700 19.700 Beginning finished goods units 32,500 11.4 Direct materials budget: 2 Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound 34,300 44,300 Direct labor...
Problem 21-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 204,600 404,400 $21 $27 27,900 34,100 16,900 13,400 2 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor...
Problem 21-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Problem 21-2A Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 60 Product JВ 50 Sales budget: Anticipated volume in units 403,200 205,000 Unit selling price $22 $27 Production budget: Desired ending finished goods units 26,300 16,000 Beginning finished goods units 31,200 13,300...
Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 404,400 $23 202,600 $28 27,300 34,700 19,000 13,000 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound...
Sheffield Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,200 203,400 Unit selling price $22 $28 26,700 32,500 19,700 11,400 Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product Product JB 50 JB 60 402,800 203,900 $23 $28 27,800 34,900 19,000 13,600 Sales budget: Anticipated volume in units Unit selling price Production budget: Desired ending finished goods units Beginning finished goods units Direct materials budget: Direct materials per unit (pounds) Desired ending direct materials pounds Beginning direct materials pounds Cost per pound Direct labor budget: Direct labor...