Waterways 8

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Theresa Grela Sales Budget January Budgeted Unit Sales 113,000 Budgeted Sales Price $12 Budgeted Sales Revenue $ 1,356,000 Production Budget January Sales 113,000 plus Desired Ending Inventory 11,250 Totals Needs 124,250 minus Beginning Inventory 11,300 Required Production 112,950 Direct Materials Budget January Budgeted Production 112,950 Material Requirements 2 Total Material Needed 225,900 plus planned ending inventory 11,285 minus planned ending inventory 11,300 Total Material Purchase 225,885 Cost of Material 0.75 Budgeted Cost of Material $ 169,414
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Direct Labor Budget January Budgeted Production 112,950 Direct Labor Requirements 0.12 Total Direct Hours Required 13,554 Direct labor cost per unit 1.5 Total Budgeted Direct Labor Cost 20,331 Manufacturing Overhead Budget M January Budgeted Production 112,950 Variable Overhead Rate 20,331 Total variable manufacturing Overhead 133,281 Fixed Manufactuing Overhead 63,975 Total Budgeted Manufacturing Overhead 197,256 Sales & Administrative Budget M January Budgeted Sales Revenue $ 1,356,000 Variable Selling Expense 180,720 Fixed Administrative Expense 93,900 Budgeted S & A Expense $ 1,630,620 Budgeted Cash Receipts December Beginning A/R $ 183,780.00 January
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February March
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Waterways Corporation Sales Budget First Quarter February March 1st Quarter 112,500 116,000 341,500 $12 $12 $12 $ 1,350,000 $
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