case acccount - Ralph Boghos 201000638 Accounting Case 1 :...

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Ralph Boghos 201000638 Accounting Case 1 : Budgeting Revenue Budget table Budgeted unit sales 50,000 Selling price per unit $500 Total sales $25,000,000 Production budget table Budgeted unit sales 50,000 1200 units Total needed 51,200 Less beginning finished goods inventory 1000 units Required production 50,200 Direct materials budget table Required production (units) 50,200 Materials needed per unit Production needs =6877400 $ Total needed =6916400 $ Add desired ending finished goods inventory Times (75+42+20)= 137 $ /unit Add desired ending inventory of materials +(20,000 +12000+7000)=39000$ Less beginning inventory of raw materials 15,000+10,000+5,000= 30,000$
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=6886400 $ Direct labor budget A P Required production 50,200 50,200 Direct labor hour per Dep/Unite 2 0.2 Total direct labor hours needed per Dep 100,400 10040 Direct labor cost per hour/Dep 20 10 Total direct labor cost/Dep 2008000 100400 Total direct labor cost Dep A+P 2108400 Manufacturing Overhead budget Variable manufacturing overhead 1,255,000 Fixed manufacturing overhead 5,020,000 Total manufacturing overhead 6,275,000 Less depreciation 1,004,000 Cash disbursement for MOH 5,271,000 MOH Rate/ Unit 6275000/50200=125$ Ending inventory budget Production cost per unit Direct material 75+42+20=137
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This note was uploaded on 12/30/2010 for the course BUSS 202 taught by Professor Ritageutchian during the Three '10 term at Notre Dame AU.

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case acccount - Ralph Boghos 201000638 Accounting Case 1 :...

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