yotemplate.Part 1- Capital Budgeting (Chapter 6) QuestionsPlease use the following information to answer questions 1-6Corp makes wooden tables and is creating its 2017 capital budget. It expects to sell 40 tables in 2017 at$150 per table.DM Inventory:BB = 50 b.f. of woodDEI = 75 b.f. of woodyour calculations. Feel free to use the example in the notes as aAdditional Information for 2017:DM per table: 6 board feet (b.f.) per table at $2.00 per b.f.DL per table: 2 DLH per table at $25 per DLHO/H is applied at a rate of $4 per DLH (and allocated O/H = actual O/H)WIP InventoryBB = 0EB = 0FG InventoryBB = 5 tablesDEI = 15 tablesFor simplicity, assume costs and revenue per table are the same forprevious years.Assume variable operating expenses are $12 per unit sold and fixed operating expenses are $90.1) What is budgeted revenue for 2017 in dollars?2) How many tables (FG units) should be produced in 2017?3) What is the budgeted O/H cost per unit?octionsthose manufactured in 2017 or in4) What is budgeted Cost of Goods Sold (in dollars) for 2017?5) What are budgeted Operating Expenses (period costs) in dollars for 2017?6) What is estimated operating income for 2017?

Budgeted Revenue :— It is calculated by multiplying units sold with selling price per unit.…

template. Part 1- Capital Budgeting (Chapter 6) Questions Please use the following information to answer questions 1- 6 Corp makes wooden tables and is creating its 2017 capital budget. It expects to sell 40 tables in 2017 at $150 per table. you must show your calculations. Feel free to use the example in the notes as a Additional Information for 2017: DM per table: 6 board feet (b.f.) per table at $2.00 per b.f. DL per table: 2 DLH per table at $25 per DLH O/H is applied at a rate of $4 per DLH (and allocated O/H = actual O/H) DM Inventory: BB = 50 b.f. of wood DEI 75 b.f. of wood WIP Inventory BB = 0 EB = 0 For simplicity, assume costs and revenue per table are the same for previous years. Assume variable operating expenses are $12 per unit sold and fixed operating expenses are $90. Additional FG Inventory BB = 5 tables DEI 15 tables 1) What is budgeted revenue for 2017 in dollars? 2) How many tables (FG units) should be produced in 2017? 3) What is the budgeted O/H cost per unit? 4) What is budgeted Cost of Goods Sold (in dollars) for 2017? 5) What are budgeted Operating Expenses (period costs) in dollars for 2017? 6) What is estimated operating income for 2017? Questions those manufactured in 2017 or in

template. Part 1- Capital Budgeting (Chapter 6) Questions Please use the following information to answer questions 1- 6 Corp makes wooden tables and is creating its 2017 capital budget. It expects to sell 40 tables in 2017 at $150 per table. you must show your calculations. Feel free to use the example in the notes as a Additional Information for 2017: DM per table: 6 board feet (b.f.) per table at $2.00 per b.f. DL per table: 2 DLH per table at $25 per DLH O/H is applied at a rate of $4 per DLH (and allocated O/H = actual O/H) DM Inventory: BB = 50 b.f. of wood DEI 75 b.f. of wood WIP Inventory BB = 0 EB = 0 For simplicity, assume costs and revenue per table are the same for previous years. Assume variable operating expenses are $12 per unit sold and fixed operating expenses are $90. Additional FG Inventory BB = 5 tables DEI 15 tables 1) What is budgeted revenue for 2017 in dollars? 2) How many tables (FG units) should be produced in 2017? 3) What is the budgeted O/H cost per unit? 4) What is budgeted Cost of Goods Sold (in dollars) for 2017? 5) What are budgeted Operating Expenses (period costs) in dollars for 2017? 6) What is estimated operating income for 2017? Questions those manufactured in 2017 or in

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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Happy Habanero Inc. has decided to purchase new capital equipment costing $540,000 cash in the next fiscal year. They also intend on selling their old equipment for $31,000 cash. Prepare the capital budget for Happy Habanero Inc. for their upcoming year-end (June 30, 2019). Do not enter dollar signs or commas in the input boxes. Use the negative sign for values that must be subtracted. Happy Habanero Inc. Capital Budget for year-ending June 30, 2019 Capital Expenditures $Answer Sale of Capital Assets $Answer Total Capital Expenditures $Answer
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BUS 203: INTRODUCTION TO COST AND MANAGEMENT ACCOUNTING PROJECT: CASH BUDGETING ASSOCIATE DEGREE YEAR 2: SEMESTER 1 (2020/21)Ronstadt Limited’s budget for the four months from January to April includes the following data:1. MonthSalesMaterialsWagesOverheads $000$000$000$000January615115.030360February636120.033390March690135.036420April684130.040425 2. One-third of sales revenue is received one month after sale and the remainder is received two months after sale. The sales in the previous two months were: November $600 000; December $540 000.3. One-quarter of purchases of materials are paid for in the month of purchase. The remainder are paid for two months later. Purchases in the previous two months were: November $108 000; December $106 000.4. Two-thirds of the wages are paid in the month in which they are earned, and the balance is paid in the following month. The wages for the previous December amounted to $30 000.5. One-half of the overhead expenditure is paid in the month in…
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PLEASE HELP ME TO CREATE A PROBLEM STATEMENT BASE ON THIS INFORMATION AND SOLVE IT MANUALLY.
Janniel Inc. is preparing its budget for 2016. Income statement for 2015 is presented below: Sales (100,000 units) P1,000,00 Cost of sales 600,000 Gross Profit P400,000 Operating expenses 240,000 Operating Income P160,000 Operating expenses includes depreciation of P40,000. For the year 2016, the company plans to increase selling price by 10% which is expected to decrease sales volume in units by 5%. The cost of sales as a percent of sales will increase to 62%. Other than depreciation, all operating costs are variable. Required: What is the budgeted income for 2016?
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The Company produces widgets. The sales forecast for 2022 is as follows: Quarter 1 3,000 Quarter 2 8,000 Quarter 3 5,000 Quarter 4 6,000 The unit selling price of the widgets is $200 each. Prepare a Sales Budget for 2022, including the annual total.
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