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Managerial Accounting Homework Revew Chapter 10 Answer Key

Managerial Accounting Homework Revew Chapter 10 Answer Key...

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Chapter 10 Budgetary Planning and Control EXERCISES E5. Locksafe Company Sales Budget For the Year Ending December 31, 2009 First Second Third Fourth Quarter Quarter Quarter Quarter Year Sales for 2008 in units 21,000 26,000 25,000 30,000 102,000 Projected sales at 130% of prior year 27,300 33,800 32,500 39,000 132,600 Sales price per unit $ 20 $ 20 $ 20 $ 20 $ 20 Budgeted revenue for 2009 $546,000 $676,000 $650,000 $780,000 $2,652,000 E7. VitaPup Production Budget For the months of January, February, and March January February March Quarter Unit sales 12,600 14,500 19,000 46,100 Plus desired ending inventory of finished units 1,450 1,900 2,150 * 2,150 Total needed 14,050 16,400 21,150 48,250 Less beginning inventory of finished units 1,260 1,450 1,900 1,260 Units to be produced 12,790 14,950 19,250 46,990
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*Equals 10% of April sales of 21,500 units. E14. Cash disbursements for purchases April May June Payment of March purchases $40,000 Payment of April purchases 11,000 Payment of April purchases $44,000 Payment of May purchases 13,000 Payment of May purchases $52,000 Payment of June purchases 17,600 $51,000 $57,000 $69,600 E15. Variable costs: Direct material $ 6.50 Direct labor 3.00 Variable overhead 1 .3 0 Variable cost per unit $10 . 8 0 Fixed costs: Supervisory salaries $16,000
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