Scarborough Corporation manufactures and sells two products: D-One and D-Two. In July 2018, Scarborough budget department gathered the following data to prepare budgets for 2019: 2019 Projected Sales: Product D-One D-Two Units 60,000 40,000 Price |S165 $250 2019 Inventories in Units: Product D-One D-Two Expected Target January 1, 2019 20,000 8,000 December 31, 2019 25,000 9,000 The following direct materials are used in the two products: Amount Used per Unit Unit |kilogram |kilogram each Direct material D-One D-Two A 5 B 2 3 Projected data for 2019 with respect to direct materials are as follows: Expected Inventories January 1, 2019 32,000 kg 29,000 kg_ 6,000 units Direct material Anticipated Purchase price $12 5 3 Target Inventories December 31, 2019 36,000 kg 32,000 kg 7,000 units B Projected direct labour requirements and rates for 2019 are as follows: Product D-One D- Two Hours per unit 2 3 Rate per hour |$12 16 Based on the preceding projections and budget requirements for D-One and D-Two, prepare the following budgets for 2019. Required: a) Sales budget b) Production budget c) Direct material purchases budget (in quantities) d) Direct material purchases budget (in dollars) e) Direct labour budget (in dollars)

Scarborough Corporation manufactures and sells two products: D-One and D-Two. In July 2018, Scarborough budget department gathered the following data to prepare budgets for 2019: 2019 Projected Sales: Product D-One D-Two Units 60,000 40,000 Price |S165 $250 2019 Inventories in Units: Product D-One D-Two Expected Target January 1, 2019 20,000 8,000 December 31, 2019 25,000 9,000 The following direct materials are used in the two products: Amount Used per Unit Unit |kilogram |kilogram each Direct material D-One D-Two A 5 B 2 3 Projected data for 2019 with respect to direct materials are as follows: Expected Inventories January 1, 2019 32,000 kg 29,000 kg_ 6,000 units Direct material Anticipated Purchase price $12 5 3 Target Inventories December 31, 2019 36,000 kg 32,000 kg 7,000 units B Projected direct labour requirements and rates for 2019 are as follows: Product D-One D- Two Hours per unit 2 3 Rate per hour |$12 16 Based on the preceding projections and budget requirements for D-One and D-Two, prepare the following budgets for 2019. Required: a) Sales budget b) Production budget c) Direct material purchases budget (in quantities) d) Direct material purchases budget (in dollars) e) Direct labour budget (in dollars)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What is a double-entry? Give an example?
only answer d now please
Please answer G part with explanation. Answer was incoorect in previous solution
Select one:a.(iii) and (iv) onlyb.(ii) and (iii) onlyc.(i) and (ii) onlyd.All four
Repost the complete question and add sub-parts to be sol
Please provide the introductory part and answer for question D.
What information is included in Form 10-K?
please answer this which is part C
Could you please answer question 4 and 5?
explain the fill answer
where is the correcting entry of the following?
What exactly are reversing entries, and why do they exist?