Bettys Beautiful Baskets Final w Price Changes (2).xlsx

Bettys Beautiful Baskets Final w Price Changes (2).xlsx -...

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Bettys Beautiful Baskets Units 5000 4000 6000 5000 11250 Selling Price 50 50 50 50 50 Inventory usage End Inventory 0.2 Of next months production End Inventory December 1000 Cost per unit Dec 23.5 Materials Usage Each Unit 4 grams Materials Usage 0.2 of next months materials Dec End Material 4800 grams Cost of Materials 3 grams Dec Cost per Material 2.5 Grams Direct Labor DL per unit 0.75 of an hour DL cost oer unit 8.5 Per hour MOH Rate per DL Hour 8 Fixed Overhead Rate 5000 S,G, &, A Salaries 10000 Rent 1500 Advertising 1100 Telephone 300 Other 500 Cash Recevivable Jan through march sales 150000 60% sales collected in the month of 0.6 40% sales collected in the next month 0.4 December Sales 0.8 0.2 Accounts Payable 80% is payable in the month of 0.8 20% is payable the next month 0.2 December Purchases 50000 Federal Income Tax Rate 40% Jan Feb Mar April May
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Cash balance for the beginning of Jan 20000 Dividends payable in March 8000 Projected federal income tax in March Dep on building 150 Beg Balance Sheet Land 150000 Building 45000 Dep 11250 Retained Earnings 58780 Capital Stock 200470
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Sales Budget Units
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