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ButovaS-Exam3 - Name Section Date Svetlana Butova Problems...

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1116 Name Svetlana Butova Problems 1 & 2 Section MAKE SURE YOU SHOW COMPUTATIONS WHERE APPROPRIATE OR NO CREDIT GIVEN Date Problem 1--6 points Dolan Company Sales Budget For the Quarter Ending June 30, 2008 Southern Eastern Total 1 Expected Unit Sales 52,200 34,800 87,000 (12,000 + 28 2 Unit Price . x $20. x $15 (12,000 + 28 3 Total Sales . $1,044,000. $522,000. $1,566,000 4 Problem 2--12 points Yang Company Production Budget For the Quarter Ending March 31, 2008 (a) January February March total 1 Expected Unit Sales 15,000 10,000 12,000 2 Add: Desired ending finishing goods units 1,500* 1,800* 1,650* 3 Total required inits 16,500 11,800 13,650 4 Less: Beginning finished goods units 1,000 1,500 1,800 ^ 5 Required production units 15,500 10,300 11,850 . 37650 6 *15% of the next quarter's sales 7 ^15% of estimated February and March sales units (b) Yang Company Direct Materials Budget For the Year Ending December 31, 2008 Janaury February March total 1 Units to be produced 15,500 10,300 11,850 2 Direct materials per unit . x 2. x 2 . x 2 3 Total pounds needed for production 31,000 20,600 23,700 *20,600 x 25 4 Add: Desired ending direct materials (pounds)* 5,150 5,925 5,850 *23,700 x 25 5 Total materials required 36,150 26,525 29,550 *23,500(april 6 Less: Beginning direct meterials (pounds) 9,000 5,150 5,925 ^ 7 Direct materials purshase 27,150 21,375 23,625 8 Cost per pound . x $5. x $5. x $5 9 Total cost of direct material purshased . $135,750. $106,875. $118,125 10 11 * 25% of the next month's production requirement 12 ^ 25% of estimated February and March pounds needed for production 13 14
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1107 Name Svetlana Butova Problems 3 & 4 Section Date Problem 3--6 points Norris Company Direct Labor Budget For the Year Ending December 31, 2008 Quarter 1 2 3 4 Year 1 Units to be produced 20,000 25,000 30,000 50,000 2 Direct labor time . x 2. x 2. x 2. x 2 3 Total required hours 40,000 50,000 60,000 100,000 4 Labor cost per hour . $11. $11. $11. $13 5 Total direct labor cost . $440,000. $550,000. $660,000. $1,300,000. $2,950,000 6 7 8 9 10 Problem 4--5 points Lawsen Company Selling and Administrative Expense Budget
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