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Vista Electronics, Incorporated, manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 58,000 38,000 Price $ 280 380 Product Light coil Heavy coil • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 36,000 Pound 33,000 Pound 5,800 units Raw Material Sheet metal Copper wire Platform • Use of raw material: Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Light coil Heavy coil • Finished-goods inventories (in units): Product Light coil Heavy coil Amount Used per Unit Light Coil 4 Pound 2 Pound Hours per Unit 3 5 Desired Inventories, December 31, 20x0 40,000 Pound 36,000 Pound 6,800 units 20x0 23,000 9,500 Heavy Coil 5 Pound 3 Pound 2 unit Rate per Hour $15 20 Expected January 1, Desired December 31, 20x0 28,000 10,500 Anticipated Purchase Price $15 8 4

Vista Electronics, Incorporated, manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 58,000 38,000 Price $ 280 380 Product Light coil Heavy coil • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 36,000 Pound 33,000 Pound 5,800 units Raw Material Sheet metal Copper wire Platform • Use of raw material: Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Light coil Heavy coil • Finished-goods inventories (in units): Product Light coil Heavy coil Amount Used per Unit Light Coil 4 Pound 2 Pound Hours per Unit 3 5 Desired Inventories, December 31, 20x0 40,000 Pound 36,000 Pound 6,800 units 20x0 23,000 9,500 Heavy Coil 5 Pound 3 Pound 2 unit Rate per Hour $15 20 Expected January 1, Desired December 31, 20x0 28,000 10,500 Anticipated Purchase Price $15 8 4

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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Prepare the production budget (in units) for 20x0.

Finished-goods inventories (in units): Expected January 1, Desired December 31, 20x0 20x0 23,000 9,500 Product Light coil Heavy coil Production overhead: Overhead Cost Item Purchasing and material handling Depreciation, utilities, and inspection Shipping General production overhead 28,000 10,500 Activity-Based Budget Rate $ 0.80 $ 7.00 $ 2.00 $ 5.00 per pound of sheet metal and copper wire purchased per coil produced (either type) per coil shipped (either type) per direct-labor hour
Transcribed Image Text:Finished-goods inventories (in units): Expected January 1, Desired December 31, 20x0 20x0 23,000 9,500 Product Light coil Heavy coil Production overhead: Overhead Cost Item Purchasing and material handling Depreciation, utilities, and inspection Shipping General production overhead 28,000 10,500 Activity-Based Budget Rate $ 0.80 $ 7.00 $ 2.00 $ 5.00 per pound of sheet metal and copper wire purchased per coil produced (either type) per coil shipped (either type) per direct-labor hour
Vista Electronics, Incorporated, manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 58,000 38,000 ● ● Product Light coil Heavy coil Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 36,000 Pound 33,000 Pound 5,800 units Ra Material Sheet metal Copper wire Platform Use of raw material: Price Product Light coil Heavy coil Finished-goods Product Light coil Heavy coil $ 280 380 Raw Material Sheet metal Copper wire Platform Direct-labor requirements and rates: Amount Used per Unit Light Coil 4 Pound 2 Pound Hours per Unit 3 5 inventories (in units): Desired Inventories, December 31, 20x0 40,000 Pound 36,000 Pound 6,800 units 20x0 23,000 9,500 Heavy Coil 5 Pound 3 Pound 2 unit Rate per Hour $ 15 20 Expected January 1, Desired December 31, 20x0 28,000 10,500 Anticipated Purchase Price $15 8 4
Transcribed Image Text:Vista Electronics, Incorporated, manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): Units 58,000 38,000 ● ● Product Light coil Heavy coil Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 36,000 Pound 33,000 Pound 5,800 units Ra Material Sheet metal Copper wire Platform Use of raw material: Price Product Light coil Heavy coil Finished-goods Product Light coil Heavy coil $ 280 380 Raw Material Sheet metal Copper wire Platform Direct-labor requirements and rates: Amount Used per Unit Light Coil 4 Pound 2 Pound Hours per Unit 3 5 inventories (in units): Desired Inventories, December 31, 20x0 40,000 Pound 36,000 Pound 6,800 units 20x0 23,000 9,500 Heavy Coil 5 Pound 3 Pound 2 unit Rate per Hour $ 15 20 Expected January 1, Desired December 31, 20x0 28,000 10,500 Anticipated Purchase Price $15 8 4
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