NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct material cost per case Variable manufacturing overhead cost per case Fixed overhead costs for the upcoming quarter 1,120 cases 240 150 cases 100 cases 2 hours $ %24 10 per hour 6. $220,000 a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units. 5. What is NuFloor's budgeted variable manufacturing cost per case? E. Prepare NuFloor's manufacturing cost budget. d. What is the projected ending inventory value for this particular tile design?
NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct material cost per case Variable manufacturing overhead cost per case Fixed overhead costs for the upcoming quarter 1,120 cases 240 150 cases 100 cases 2 hours $ %24 10 per hour 6. $220,000 a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units. 5. What is NuFloor's budgeted variable manufacturing cost per case? E. Prepare NuFloor's manufacturing cost budget. d. What is the projected ending inventory value for this particular tile design?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Production budget help please
Transcribed Image Text:Exercise 23.3 (Algo) Production Budgets (LO23-4, LO23-5)
NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The
following data have been gathered for a particular tile design.
Projected unit sales
Selling price per case
Inventory at the beginning of the quarter
Target inventory at the end of the quarter
Direct labor hours needed to produce one case
Direct labor wages
Direct material cost per case
Variable manufacturing overhead cost per case
Fixed overhead costs for the upcoming quarter
1,120 cases
240
150 cases
100 cases
2 hours
10 per hour
2$
2$
$220,000
8
a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units.
b. What is NuFloor's budgeted variable manufacturing cost per case?
c. Prepare NuFloor's manufacturing cost budget.
d. What is the projected ending inventory value for this particular tile design?
Complete this question by entering your answers in the tabs below.
Required A
Required B
Required C
Required D
Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units.
Budgeted sales (in dollars)
Planned production (cases)
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Transcribed Image Text:a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units.
b. What is NuFloor's budgeted variable manufacturing cost per case?
c. Prepare NuFloor's manufacturing cost budget.
d. What is the projected ending inventory value for this particular tile design?
Complete this question by entering your answers in the tabs below.
k
Required A
Required B
Required C
Required D
ces
Prepare NuFloor's manufacturing cost budget. (Round your cost per unit answer to 2 decimal places.)
Variable manufacturing costs:
Total variable manufacturing costs
Total cost of finished goods manufactured
< Required B
Required D >
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