NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. Thefollowing data have been gathered for a particular tile design.Projected unit salesSelling price per caseInventory at the beginning of the quarterTarget inventory at the end of the quarterDirect labor hours needed to produce one caseDirect labor wagesDirect material cost per caseVariable manufacturing overhead cost per caseFixed overhead costs for the upcoming quarter3,600 cases200600 cases800 cases0.40 hours$$$$319,20015 per hour1610a. 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 ARequired BRequired CRequired DPrepare NuFloor's manufacturing cost budget.Variable manufacturing costs:Total variable manufacturing costsTotal cost of finished goods manufactured%24%24

Given:- Projected sales - 3600 cases Beginning inventory - 600 cases Target Closing inventory - 800…

NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for th 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 3,600 cases 200 600 cases 800 cases 0.40 hours 2$ $ 15 per hour 16 $ $319,200 10 a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in unit 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?

NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for th 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 3,600 cases 200 600 cases 800 cases 0.40 hours 2$ $ 15 per hour 16 $ $319,200 10 a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in unit 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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Need help with this problem number 10.
Prepare a direct labor budget for each of the upcoming five years. Cost labor per unit = $8 Total direct labor hours needed for a period = Number of units to be produced in that period * Direct labors hours needed per unit Total direct labor costs needed to meet production =Total direct labor hours needed for that period * Direct labor cost per hour
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 3,600 cases Selling price per case $ 200 Inventory at the beginning of the quarter 600 cases Target inventory at the end of the quarter 800 cases Direct labor hours needed to produce one case 0.40 hours Direct labor wages $ 15 per hour Direct material cost per case $ 16 Variable manufacturing overhead cost per case $ 10 Fixed overhead costs for the upcoming quarter $ 319,200
please answer question 1,2 and 3 An electrical component manufacturer budgets to sell 35,000 units although the factory has the capacity to produce 40,000 units under normal circumstances. Direct costs per unit are as follows: Wages $2.00 Materials $8.00 Overheads $4.00 Fixed costs for the period are expected to be $200,000. The selling price is $22 per unit. You are going to: Calculate how many units must be made and sold in order to breakeven during the period and then express the information on a CVP chart. 2. Ascertain the budgeted profit for the period, if 35,000 units are sold. 3. State the number of units to be manufactured when the amount of capital invested in this production is $640,000 and the directors require a 20% return on capital employed.
Example: The Benson Co. manufactures two models of hair dryers, A and B. Budgeted sales data for the coming year is as follows: Model A Model B Units Sales Mix 30,000 50,000 Unit Selling Price $50 $20 Contribution Margin $20 $10 Unit Contribution Ratio 40% 50% Required: 1. Compute the total number of units to be sold at the breakeven point. 2. Compute the number of units of each model to be sold at breakeven. 3. Compute the total sales dollars at breakeven. 4. Compute the sales dollars for each model at breakeven. 5. If sales revenue were to total $3,000,000 during the coming year, how much net income would be earned? Assume that the actual sales mix, fixed costs, and unit contribution margins were the same as budgeted and that the firm has an effective federal income tax rate of 35%.
Answer with detailed explanation please,
Goda
Aaron's chairs is in the process of preparing a production costbudget for August. Actual costs in July for 120 chairs were:Materials cost $4,730Labor cost 2,940Rent 1,500Depreciation 2,500Other fixed costs 3,200Materials and labor are the only variable costs. If productionand sales are budgeted to change to 120 chairs in August,how much is the expected total variable cost on the Augustbudget?
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor Indirect materials Utilities $1.00 0.70 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,200, and Property Taxes $800. The company believes it will normally operate in a range of 7,000-10.000 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1.000 direct labor hours. (List variable costs before fixed costs)
The flexible budget of Coco Corp in different levels of direct labor hours. Direct Labor HoursVariable 20,000 30,000 40,000FOH 40,000 60,000 80,000Fixed 10,000 10,000 10,000FOH 1. Each product needs 5 direct labor hours, and the company expects to produce 2,000 units in 2021. Calculate the total factory overhead rate per unit using direct labor hours as allocate base
Nathan Davidson, financial analyst at LMN Corporation, is examining the behavior of quarterly utility costs for budgeting purposes. Davidson collects the following data on machine-hours worked and utility costs for the past 8 quarters: (Click the icon to view the data.) Read the requirements. Requirement 1. Estimate the cost function for the quarterly data using the high-low method. (Complete all answer boxes.) Data table + Quarter Machine-Hours Utility Costs Quarter 1 100,000 $ 265,000 Quarter 2 55,000 200,000 Quarter 3 90,000 250,000 Quarter 4 105,000 280,000 Quarter 5 70,000 220,000 Quarter 6 95,000 260,000 Quarter 7 85,000 275,000 Quarter 8 80,000 245,000 Print Done - ☑ Requirements 1. Estimate the cost function for the quarterly data using the high-low method. 2. Plot and comment on the estimated cost function. 3. Davidson anticipates that LMN will operate machines for 105,000 hours in quarter 9. Calculate the predicted utility costs in quarter 9 using the cost function estimated…
Narp. Ine, is preparing a budget for next vear and requires a breakdown of the cost of steam used in its factory into fixed and variable components. The following data on the cost of steam used and the units produced are available for the last six months: 25) Cost of Steam Units Produced July August September. October $ 15,850 13,000 16,370 20,000 17,600 18.500 3,000 c22,000 2,900 3,750 2,670 2.650 16.970 November. December. Total.... S101.320 ans Sharp uses the high-low method of analysis. Required: Show your work in answering the question. Failure to do so results in zero points a. What is the estimated variable cost of steam per unit produced? b. What is the total fixed cost? c. If there were 2,500 units produced the cost of steam would be?