C23_WCP solution_SV

C23_WCP solution_SV - SOLUTION Chapter 23 Waterways...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
SOLUTION Chapter 23 Waterways Continuing Problem WCP23 (a) Sales budget Waterways Corporation Sales Budget For the first quarter of 2011 First Quarter January February March Quarter Expected unit sales 113,333 112,500 116,667 342,500 Unit selling price $ 12.00 $ 12.00 $ 12.00 $ 12.00 Total sales $ 1,359,996 $ 1,350,000 $ 1,400,004 $ 4,110,000 (b) Production budget Waterways Corporation Production Budget For the first quarter of 2011 First Quarter January February March Quarter Expected unit sales 113,333 112,500 116,667 342,500 Add: Desired ending finished goods units 11,250 11,667 12,500 * 12,500 Total required units 124,583 124,167 129,167 355,000 Less: Beginning finished goods units 11,333 ** 11,250 11,667 11,333 Required production units 113,250 112,917 117,500 343,667 * 12,500 is 10% of April’s budgeted sales units ** 11,333 is 10% of January’s sales units 23-1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
(c) Direct materials budget Waterways Corporation Direct Materials Budget For the first quarter of 2011 First Quarter January February March Quarter Units to be produced (from part b) 113,250 112,917 117,500 343,667 Direct materials per unit 2 2 2 2 Total pounds needed for production 226,500 225,834 235,000 687,334 Add: Desired ending direct materials (lbs) 11,292 11,750 12,625 * 12,625 Total materials required 237,792 237,584 247,625 699,959 Less: Beginning direct materials (lbs) 10,355 ** 11,292 11,750 10,355 Direct materials purchases 227,439 226,292
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/08/2011 for the course ACCOUNTING x1a taught by Professor Deez during the Spring '11 term at UCLA.

Page1 / 5

C23_WCP solution_SV - SOLUTION Chapter 23 Waterways...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online