Business, 01.07.2020 15:01 aleilyg2005

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
Sales budget:
Anticipated volume in units 403,400 201,800
Unit selling price $22 $27
Production budget:
Desired ending finished
goods units 27,500 17,200
Beginning finished goods units 32,800 13,800
Direct materials budget:
Direct materials per unit (pounds) 2 3
Desired ending direct
materials pounds 31,100 17,800
Beginning direct materials
pounds 42,600 12,000
Cost per pound $2 $3
Direct labor budget:
Direct labor time per unit 0.3 0.6
Direct labor rate per hour $10 $10
Budgeted income statement:
Total unit cost $13 $22
An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget.
The latter shows selling expenses of $662,000 for product JB 50 and $361,000 for product JB 60, and administrative expenses of $541,000 for product JB 50 and $345,000 for product JB 60.
Interest expense is $150,000 (not allocated to products).
Income taxes are expected to be 30%.
Prepare the Sales Budget for the year.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:00

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?

Answers: 1

Answer

Business, 22.06.2019 12:10

The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. the equivalent units of production (eup) for the period were 9,000 for direct materials and 6,000 for conversion. the costs per eup were:

Answers: 3

Answer

Business, 22.06.2019 17:40

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)

Answers: 3

Answer

Business, 23.06.2019 02:30

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.

Answers: 3

Answer

You know the right answer?

Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assis...

Questions