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Production budget

Production budget

FINANCIAL ACCOUNTING
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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Production budget help
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 1,670 cases 2$ 240 150 cases 100 cases 2 hours %2$ 10 per hour 8 24 $220,000 a. Using this information, develop NuFloor's sales forecast in dollars and its schedule of production in units. b. What is NuFloor's budgeted variable manufacturing cost per case? c. Prepare NuFloor's manufacturing cost budget. d. What is the projected ending inventory value for this particular tile design? Complete this question by entering your answers in the tabs below. Required B Required C Required D Required A EUsing this information, develop NuFloor's sales forecast in dollars and its schedule of production in units. Budgeted sales (in dollars) Planned production (cases) 1 of 3 Next > Prev a 99+
Transcribed Image Text:NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages Direct material cost per case Variable manufacturing overhead cost per case Fixed overhead costs for the upcoming quarter 1,670 cases 2$ 240 150 cases 100 cases 2 hours %2$ 10 per hour 8 24 $220,000 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 B Required C Required D Required A EUsing this information, develop NuFloor's sales forecast in dollars and its schedule of production in units. Budgeted sales (in dollars) Planned production (cases) 1 of 3 Next > Prev a 99+
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 Prepare NuFloor's manufacturing cost budget. (Round your cost per unit answer to 2 decimal places.) Variable manufacturing costs: Total variable manufacturing costs 2$4 Total cost of finished goods manufactured $4 < Required B Required D > Prev 1 of 3 Next> 99 (3
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. Required A Required B Required C Required D Prepare NuFloor's manufacturing cost budget. (Round your cost per unit answer to 2 decimal places.) Variable manufacturing costs: Total variable manufacturing costs 2$4 Total cost of finished goods manufactured $4 < Required B Required D > Prev 1 of 3 Next> 99 (3
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