EXERCISE 4Sonder Inc. is producing its cost of sales budget. Direct materials are budgeted to be 60% ofsales value. However, due to the expansion of the company in the recent past, suppliers aregiving Sonder Inc. a 2% discount on all purchases of direct materials by the firm.Budgeted sales for January 2020 are expected to be £200,000 and to rise by £10,000 a monthin the budget year up to December 2020. Direct labour is expected to amount to 10% of salesvalue and variable overhead is budgeted to be 5% of direct labour cost.What is the budgeted cost of sales (direct materials + direct labour + variable overhead)figure that will appear in the budgeted monthly statement of profit or loss for June 2020?

As the budgeted cost of sales depend on the sales of a given month, we must calculate the sales for…

Answered: What is the budgeted cost of sales…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

On the production budget, the number of units to be produced is computed as Select one: a. unit sales + desired end inventory + beginning inventory. b. unit sales - desired end inventory - beginning inventory. c. unit sales - desired end inventory + beginning inventory. d. unit sales + desired end inventory - beginning inventory. e. unit sales - cost of goods sold + beginning inventory. PreviousSave AnswersNext
A flexible budget variance for November 2023 is the difference between the actual expense incurred in November and the amount budgeted at: The actual level of activity achieved in the previous period (October). The planned static budget for the next period (December). The original expected (planned) level of activity in November. The level of activity when operating at maximum capacity. The actual level of activity achieved in November. The original static budget for the previous period (October).
Required: Prepare Shadee's budgeted income statement for the months of May and June. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. Budgeted Gross Margin SHADEE CORPORATION Budgeted Income Statement Budgeted Net Operating Income May June
On January 1, 2019, Finals Company increased its direct labor wage rates. Allother budgeted costs and revenues were unchanged. How did this increaseaffect Incremental Company’s budgeted break-even point and budgeted margin of safety? A// Budgeted break-even point - Increase; Budgeted margin of safety - Increase B// Budgeted break-even point - Increase; Budgeted margin of safety - Decrease C// Budgeted break-even point - Decrease; Budgeted margin of safety - Decrease D// Budgeted break-even point - Decrease; Budgeted margin of safety - Increase
For the purposes of calculating COGS and Closing Inventory of finished goods, cost per unit forJanuary 2021 is $670 for the Premium wardrobe and $1,480 for the De Luxe wardrobe. Prepare the following budgets for January 2021: Revenues budget Production budget in units Direct materials usage budget and direct materials purchases budget (both budgets in units and $) Direct manufacturing labour budget Manufacturing overhead budget Ending inventories budget (direct materials and finished goods) Cost of goods sold budget For each budget, prepare by product (Premium and De Luxe) and in total.Format of the spreadsheet makes it easy to read and distinguishes clearly between the input and output cells
Ma 1 Prepare a PLANNED BUDGET for the month of December 2022 for your imaginary company assuming any level of activity. Prepare a SUMMARY OF ACTUAL RESULTS for the month of December 2022 for your imaginary company assuming any level of activity different from planned level of activity. That means, if you prepare a planned budget for 1000 units, your actual results should be for more than or less than 1000 units. Prepare a FLEXIBLE BUDGET for the actual level of activity for the month of December 2022 for your imaginary company. Prepare a PERFORMANCE REPORT (by comparing actual results with flexible budget) and shows therein REVENUE AND SPENDING VARIANCES.
For 2023, the estimated (budgeted) cost and revenue information of Şam Company is provided below: Sales units = 200000 units, Selling price per unit = 15 dollars, Number of units produced = 220.000 units, DM = $3 per unit, DL = $1 per unit, Var MOH = $2 per unit, Fixed MOH = $440.000, Var Selling and Adm Exp = $4 per unit, Fixed S&A Exp = $60.000. A.) Prepare CVP Income Statement. B.) Calculate BEP in Units and BEP in dollars. C.) What is the margin of safety ratio of Şam Company? D.)Calculate the degree of operating leverage and explain what happens to NI if sales increase 10% and decrease 5%.
Please do not give solution in image format thanku
How do I prepare the bugdet and replace all question marks into formula?
Please do not give solution in image format thanku
please dont give solution in imsge thnku
Required: 1) Construct a material usage and purchases budget of the Bara Enterprise

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

What is the budgeted cost of sales (direct materials + direct labour + variable overhead) figure that will appear in the budgeted monthly statement of profit or loss for June 2020?