3310solmod26

3310solmod26 - (unchanged) Total marketing and...

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Module 26 Answers 12-28. (15 min.) Prepare Budgeted Financial Statements: Rhodes, Inc. Rhodes, Inc. Budgeted Income Statement August Calculations Revenues (240 units @ $450/unit) . .......... $108,000 ($100,000 x 1.20 x .90) Less Manufacturing costs: Variable . ............................................. 17,996 ($14,560 x 1.20 x 1.03) Depreciation (fixed) . .......................... 15,300 (unchanged) Total manufacturing costs. ......................... $ 33,296 Gross profit margin . ................................... $ 74,704 Less: Marketing and Administrative Fixed costs (cash) . ............................ 41,316 ($37,560 x 1.10) Depreciation (fixed) . .......................... 12,700
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Unformatted text preview: (unchanged) Total marketing and administrative costs. .. $54,016 Operating profits . ....................................... $20,688 12-38. (30 min.) Budgeted Purchases And Cash Flows: Delhi, Inc. a. $450,000 BB + P = Sales + EB (130% x 47,600) + P = 47,600 + (130% x 45,600) 61,880 + P = 47,600 + 59,280 P = 47,600 + 59,280 61,880 = 45,000 units 45,000 x $10 = $450,000 b. $487,200 BB + P = Sales + EB (130% x 45,600) + P = 45,600 + (130% x 48,000) 59,280 + P = 45,600 + 62,400 P = 45,600 + 62,400 59,280 = 48,720 units 48,720 x $10 = $487,200 c. $667,752 60% x $726,000 x 97% = $422,532 25% x $726,000 = 181,500 9% x $708,000 = 63,720 $667,752...
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This note was uploaded on 11/13/2008 for the course ACCT 305 taught by Professor Franz during the Spring '07 term at S.F. State.

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3310solmod26 - (unchanged) Total marketing and...

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