Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. The numbers below repre- sent the calculations from the previous Try It! examples (6-1 through 6-4) together with the relevant schedule numbers from those examples. 6-! Revenues (Schedule 1) $925,000 Beginning inventory of finished goods (1-1-2017) Ending inventory of finished goods, 12-31-2017 (Schedule 6B) Direct materials used (Schedule 3A) Direct manufacturing labor (Schedule 4) Manufacturing overhead (Schedule 5) Variable marketing costs (4 % of revenues) Fixed marketing costs Variable distribution costs ($1.50 per cu. ft. for 30,000 cu. ft.) Fixed distribution costs 76,200 59,300 350,000 100,000 143,000 43,000 40,000 Fixed administration costs 75,000 Calculate (1) the cost of goods sold budget (label it Schedule 7); (2) the nonmanufactur- ing costs budget (label it Schedule 8); and (3) the operating income budget for the year ending December 31, 2017.
Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. The numbers below repre- sent the calculations from the previous Try It! examples (6-1 through 6-4) together with the relevant schedule numbers from those examples. 6-! Revenues (Schedule 1) $925,000 Beginning inventory of finished goods (1-1-2017) Ending inventory of finished goods, 12-31-2017 (Schedule 6B) Direct materials used (Schedule 3A) Direct manufacturing labor (Schedule 4) Manufacturing overhead (Schedule 5) Variable marketing costs (4 % of revenues) Fixed marketing costs Variable distribution costs ($1.50 per cu. ft. for 30,000 cu. ft.) Fixed distribution costs 76,200 59,300 350,000 100,000 143,000 43,000 40,000 Fixed administration costs 75,000 Calculate (1) the cost of goods sold budget (label it Schedule 7); (2) the nonmanufactur- ing costs budget (label it Schedule 8); and (3) the operating income budget for the year ending December 31, 2017.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:TUGAS KELOMPOK
Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and
Ayer. The following data are available for the year 2017. The numbers below repre-
sent the calculations from the previous Try It! examples (6-1 through 6-4) together
with the relevant schedule numbers from those examples.
6-5
Revenues (Schedule 1)
$925,000
Beginning inventory of finished goods (1-1-2017)
Ending inventory of finished goods, 12-31-2017 (Schedule 6B)
Direct materials used (Schedule 3A)
76,200
59,300
350,000
Direct manufacturing labor (Schedule 4)
Manufacturing overhead (Schedule 5)
Variable marketing costs (4% of revenues)
Fixed marketing costs
100,000
143,000
43,000
Variable distribution costs (S1.50 per cu. ft. for 30,000 cu. ft.)
Fixed distribution costs
40,000
Fixed administration costs
75,000
Calculate (1) the cost of goods sold budget (label it Schedule 7); (2) the nonmanufactur-
ing costs budget (label it Schedule 8); and (3) the operating income budget for the year
ending December 31, 2017.
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