For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame12" x 16" FrameEast30,66014,522Central8,1374,606West7,0813,672- Raphael Frame Co.Sales BudgetFor the Year Ending December 31, 20Y8 Product and Area Unit Sales VolumeUnit Sales PriceTotal Sales8" x 10" Frame: East 29,200$26$759,200 Central 7,90026205,400 West 7,30026189,800 Total 44,400 $1,154,400 12" x 16" Frame East 13,700$27$369,900 Central 4,70027126,900 West 3,6002797,200 Total 22,000 $594,000Total Revenue from sales $1,748,800For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is expected to increase to $27 and the unit selling price for the 12"x16" frame is expected to increase to $29, effective January 1, 20Y9.Please see the pictures for the prompts. Theres 3 parts. Thank you! Required:1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to thenearest whole percent.Unit Sales,Increase (Decrease)Year Ended 20Y8Actual Over BudgetBudgetActual SalesAmountPercent8" x 10" Frame:East%Central%West%12" x 16" Frame:East%Central%West2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 20Y9, compute the unit sales volume to be used for preparing the sales budget for the year endingDecember 31, 20Y9. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit.20Υ8Percentage20Υ9ActualIncreaseBudgetedUnits(Decrease)Units (rounded)8" x 10" Frame:East%Central%West%12" x 16" Frame:East%Central%West%II I|II IIII II 3. Prepare a sales budget for the year ending December 31, 20Y9.Raphael Frame CompanySales BudgetFor the Year Ending December 31, 20Y9Product and AreaUnit Sales VolumeUnit Selling PriceTotal Sales8" x 10" Frame:East$CentralWestTotal12" x 16" Frame:EastCentralWestTotalTotal revenue from sales

Budget means the expected value of future. Budget is not affected by the actual value as it is…

For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame 12" x 16" Frame East 30,660 14,522 Central 8,137 4,606 West 7,081 3,672 - Raphael Frame Co. Sales Budget For the Year Ending December 31, 20Y8 Product and Area Unit Sales Volume Unit Sales Price Total Sales 8" x 10" Frame: East 29,200 $26 $759,200 Central 7,900 26 205,400 West 7,300 26 189,800 Total 44,400 $1,154,400 12" x 16" Frame East 13,700 $27 $369,900 Central 4,700 27 126,900 West 3,600 27 97,200 Total 22,000 $594,000 Total Revenue from sales $1,748,800 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is expected to increase to $27 and the unit selling price for the 12"x16" frame is expected to increase to $29, effective January 1, 20Y9. Please see the pictures for the prompts. Theres 3 parts. Thank you!

For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame 12" x 16" Frame East 30,660 14,522 Central 8,137 4,606 West 7,081 3,672 - Raphael Frame Co. Sales Budget For the Year Ending December 31, 20Y8 Product and Area Unit Sales Volume Unit Sales Price Total Sales 8" x 10" Frame: East 29,200 $26 $759,200 Central 7,900 26 205,400 West 7,300 26 189,800 Total 44,400 $1,154,400 12" x 16" Frame East 13,700 $27 $369,900 Central 4,700 27 126,900 West 3,600 27 97,200 Total 22,000 $594,000 Total Revenue from sales $1,748,800 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is expected to increase to $27 and the unit selling price for the 12"x16" frame is expected to increase to $29, effective January 1, 20Y9. Please see the pictures for the prompts. Theres 3 parts. Thank you!

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 33E: A companys controller is adjusting next years budget to reflect the impact of an expected 3 percent...

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307 budget and a static budget is true? budget is prepared for performance evaluation. b. a static budget provides costs for one level of activity. a. C. only fixed costs. techniques, the planned cost column should be based on the b. Actual amount for the same period in the preceding year. c. Budget adjusted to the actual level of activity for the period being reported. d. Budget adjusted to the planned level of activity for the períod being reported, (ста) 149.The use of standard of costs in the budgeting process signifies that an organization has most likely implemented a Flexible budget. b. Capital budget. Static budget. d. Strategic budget. a. с. (cma) 150. When a flexible budget is used, an increase in production levels within a relevance range would a. Not change fixed costs per unit. b. Change total fixed costs. Not change variable costs per unit. d. Not change total variable costs. C. (aicpa)
Which one of the following budget is not affected when credit period to customers is changed from 30 days to 90 days to achieve 30% inrease in sales? A. Capital budget B. Production Budget C. Cash Budgets D. Sales Budge
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4. Prepare a direct labor cost budget for August. Newport Inc. Direct Labor Cost Budget For the First Quarter Ending August 31 June July August First Quarter hr. hr. hr. hr. hrs. hrs. hrs. hrs. X$ X$ X$ 5. Prepare a factory overhead cost budget for August. Newport Inc. Factory Overhead Cost Budget For the First Quarter Ending August 31 June July August First Quarter Variable factory overhead: hrs. hrs. hrs. hrs. X$ X$ X$ X$ Fixed factory overhead: Total factory overhead cost
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e. Production, Sales, Income Statement Clear my choice Which of the following statements is false? Select one: Oa. The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit. Ob. The master budget consists of a number of separate but interdependent budgets. Oc.A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed. O d. The direct labor budget begins with the required production in units from the production budget. Oe. Control involves developing goals and preparing various budgets to achieve those goals. Next page Tables- Jump to.. e to seardh
Budgeting Inventories For each independent situation below, determine the missing amounts: A B C D Beginnning inventory 12,000 0 × 7,000 0 × Produced 40,000 27,000 0 × 56,000 Available 0 × 0 × 32,000 64,000 Sold 45,000 28,000 0 × 0 × Ending inventory 0 × 12,000 6,000 2,000
Budgeting Inventories For each independent situation below, determine the missing amounts: A C Beginnning inventory Produced Available Sold Ending inventory 11,000 40,000 0 45,000 0 B 0 28,000 0 27,000 10,000 8,000 0 26,000 0 5,000 D 0 60,000 63,000 0 3,000
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(J) please answer ASap... Question 1 The following table presents selected information for Superior Flooring's monthly production budgets for the coming year. Superior's inventory policy is to have ending inventory equal to 10% of the next month's sales. What is the beginning inventory in June? A. 350 B. 310 C. 250 D. 340 Question 2 Which of the following statements is true? A. A budget reconciliation report shows the difference between actual profit and budgeted profit and does not show the other variances. B. Activity-based costing is not used to evaluate customer profitability. C. Sales quantity (budgeted sales volume vs. actual sales volume) is the only item which differs between the master budget and the flexible budget. D. Comparing the flexible budget to the as-if budget isolates a change in input price (e.g. budgeted input price vs. actual input price). Question 3 Which of the following is not a benefit of budgeting? A. It reduces the need for analysis with regard to company…

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	Unit Sales
	8" x 10" Frame	12" x 16" Frame
East	30,660	14,522
Central	8,137	4,606
West	7,081	3,672

	Raphael Frame Co. Sales Budget For the Year Ending December 31, 20Y8
Product and Area		Unit Sales Volume	Unit Sales Price	Total Sales
8" x 10" Frame:
East		29,200	$26	$759,200
Central		7,900	26	205,400
West		7,300	26	189,800
Total		44,400		$1,154,400

12" x 16" Frame
East		13,700	$27	$369,900
Central		4,700	27	126,900
West		3,600	27	97,200
Total		22,000		$594,000
Total Revenue from sales				$1,748,800