Production BudgetWeightless Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows:BathGymScaleScaleEast Region unit sales25,10036,200West Region unit sales27,100 28,500Total52,200 64,700The finished goods inventory estimated for October 1, for the Bath and Gym scale models is 1,400 and 2,300 units, respectively. The desired finished goods inventory for October 31 for the Bath and Gym scale models is1,000 and 2,500 units, respectively.Prepare a production budget for the small and large scales for the month ended October 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Weightless Inc.Production BudgetFor the Month Ending October 31Units Bath Scale Units Gym ScaleTotalTotal units to be produced

Production Budget is the budget that determines the number of products units to be manufactured. It…

Answered: Weightless Inc. produces a Bath and Gym…

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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Shadee Corporation expects to sell 540 sun shades in May and 310 in June. Each shade sells for $166. Shadee’s beginning and ending finished goods inventories for May are 85 and 55 shades, respectively. Ending finished goods inventory for June will be 60 shades. Each shade requires a total of $65.00 in direct materials that includes 4 adjustable poles that cost $10.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 120 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $13 per hour. Additionally, Shadee’s fixed manufacturing overhead is $11,000 per month, and variable manufacturing overhead is $12 per unit produced. Prepare Shadee’s budgeted income statement for the months of May and June. budgeted income statement May June budgeted gross margin budgeted net operating income…
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 Desired inventory (units), July 31 Expected sales volume (units), July For each unit produced, the direct materials requirements are as follows: 3.0 lbs. 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production is Oa. $1,170,000 for A: $702,000 for B Ob. $1,080,000 for A: $1,296,000 for B Oc. $1,125,000 for A: $675,000 for B Od. $1,080,000 for A: $648,000 for B Material A ($5 per lb.) Material B ($18 per lb.) 8,500 10,500 76,000
Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale Northern Region unit sales 20,100 33,900 Southern Region unit sales 21,700 22,800 Total 41,800 56,700 The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,700 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 1,200 and 2,400 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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on Given the following data, calculate the cost of goods sold using the FIFO costing method: Jan Beginning inventory 110 units at $30 per unit, Feb 25 Purchased 100 units at $32 per unit; June 15 Purchased 80 units at $33 per unit; Sept 20 Purchased 75 units at $31 per unit; Dec 31 Ending inventory 125 units. It might help to make a table. Select one: O a $11,465 O b. $4,965 Oc: $7,490 Od. $3,975
Please calculate LIFO perpetual system and Average cost, perpetual systemFerris Company began January with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: "Includea purchase price and cost of freight. 8,000 units were on hand at the end of the month. Please show work. Directions are at the top to find LIFO, perpetual system and Average cost, perpetual system. Units Unit Cost Purchased Sold Balance
Shadee Corporation expects to sell 630 sun shades in May and 320 in June. Each shade sells for $162. Shadee's beginning and ending finished goods inventories for May are 60 and 50 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $60.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 80 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $10,000 per month, and variable manufacturing overhead is $10 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note: Assume that fixed overhead per unit is $18.) 2. Prepare Shadee's budgeted cost of goods…
Maulana Sdn Bhd (MSB) manufactures and sells two types of products: Pastry roller and Pastry puff Each unit of product consumes two types of materials, butter and cheese. MSB is preparing its annual budget for the year ending December 31, 2018. The Assistant Accountant provides the following data: Pastry roller Pastry puff 55,000 Sales unit 65,000 Unit selling price RM30 RM20 MSB decided that the beginning and ending inventory for the year 2018 are as follow: Product Beginning inventory(units) Ending inventory(units) Pastry roller Pastry puff +The following materials are needed for the production of pastry roller and pastry puff: 8,000 9,000 5,000 4,000 Pastry roller Beginning inventory (kg) inventory (kg) | 272,000 Materials: Pastry puff Ending 10 kg 8 kg 290,000 Butter Cheese |4 kg 3 kg 60,000 | 41,000 Price per ka Materials: Butter RM2.00 Cheese RM8.00 Direct labour per unit and direct labour coBer unit is given below: Hours needed Rate hour per Pastry roller 2 hours Pastry puff 1.5…
Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,500 March 13,900 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2 $4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on January 1. The direct labor used per unit of…
1) Gertrude Products expects the following sales of its single product: Units July 6,000 August 6,500 September 7,200 October 7,800 November 8,800 Gertrude desires an ending finished goods inventory to be equal to 20% of the next month's sales needs. July 1 inventory is projected to be 1,000 units. Each unit requires 5 pounds of Chemical A and 14 pounds of Chemical B. July 1 materials inventory includes 10,600 pounds of Chemical A and 76,000 pounds of Chemical B. Gertrude desires to maintain a Chemical A inventory equal to 30% of next month's production needs and a Chemical B inventory equal to 100% of next month's production needs. a Prepare a production budget for Gertrude for July, August and September. a. Production July August September Qtr. Total Sales +Ending Inv. -Beginning Inv. Production b. Prepare a direct materials…
! Required information [The following information applies to the questions displayed below.) Shadee Corporation expects to sell 610 sun shades in May and 350 in June. Each shade sells for $144. Shadee's beginning and ending finished goods inventories for May are 70 and 60 shades, respectively. Ending finished goods inventory for June will be 55 shades. Each shade requires a total of $45.00 in direct materials that includes 4 adjustable poles that cost $5.00 each. Shadee expects to have 130 in direct materials inventory on May 1, 90 poles in inventory on May 31, and 110 poles in inventory on June 30. Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $15 per hour. Additionally, Shadee's fixed manufacturing overhead is $9,000 per month, and variable manufacturing overhead is $13 per unit produced. Use the information and solutions presented to complete the requirements. Required: 1. Determine Shadee's budgeted manufacturing cost per shade. (Note:…
Required information Skip to question [The following information applies to the questions displayed below.]Shadee Corp. expects to sell 650 sun visors in May and 420 in June. Each visor sells for $17. Shadee’s beginning and ending finished goods inventories for May are 85 and 55 units, respectively. Ending finished goods inventory for June will be 55 units. Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 27 closures on hand on May 1, 21 closures on May 31, and 23 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.50 direct labor hours to produce and Shadee pays its workers $7 per hour. Required:1. Determine Shadee’s budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $1.50.) (Round your answer to 2 decimal places.)

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