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E9-40c - P9-40 a Jacobs Incorporated Production Budget For...

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P9-40 a. Jacobs Incorporated Production Budget For the Months of January and February 2011 January February March Requirements for current sales 5000 10,000 8,000 Desired ending inventory i (20 % following month’s sales) m 2,000 1,600 Total requirements 7,000 11,600 Less beginning inventory i (20 % current month’s sales) s (1,000) (2,000) Production requirements 6,000 9,600 b. Jacobs Incorporated Purchases Budget For the Month of January 2011 January February Current requirements (units) 6,000 9,600 Desired ending inventory i (10 % following month’s production 960
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requirements) Total requirements 6,960 Less beginning inventory i (10 % current month’s requirements) (600) Purchases (units) 6,360 Purchases (dollars at $10 each) $63,360 $ P9-40 (cont.) c. Jacobs Incorporated Manufacturing Cost Budget For the Month of January 2011 Variable costs Direct materials (6,000 × $10) $60,000 Direct labor (6,000 × $10) 60,000 Variable manufacturing overhead (6,000 × $5) 30,000 Total variable costs 150,000 Fixed manufacturing overhead 30,000 Total manufacturing overhead $180,000 d. Jacobs Incorporated Cash Budget For the Month of January 2011 Beginning balance
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