CostExcersie6-35

CostExcersie6-35 - Variable Mfg OH 55,000*7 38,500 Fixed...

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6.35 Comprehensive operating budget, budgeted balance sheet Schedule 1 Revenue Budget Units selling price Total Snowboard 1,000 450 450,000 Schedule 2 Budgeted sales 1,000 Desire ending inventory 200 Total requirement 1,200 Beg. Inventory 100 Units to be produced 1,100 Schedule 3A-M usage Budget Physical units budget To be used in the production Wood (1,100* $5.00) 5,500 F.b. (1,100*$6.00) 6,600 5,500 6,600 Cost budget From beg inventory Wood 2,000*28 56,000 F.b. 1,000*4.80 4,800 To be used from purchases this period Wood 35,000*3.00 105,000 F.b 5,600*5 28,000 Total costs DM to be used 161,000 32,800 193,800 Schedule 3 B-M purchases budget Wood F.b Total Physical units Production units 5,500 6,600 + desired inventory 1,500 2,000 Total required 7,000 8,600 Less Beg Inventory 2,000 1,000 Purchases 5,000 7,600 Cost budgeted Wood 5,000*30 150,000 F.b. 7,600*5 38,000 150,000 38,000 188,000 Schedule 4-Direct labor budget Cost driver/U DLH/U Total/hrs Wage rate Total Direct Labor 1,100 5 5,500 $25 137.50
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Schedule 5 –Mfg OH budget
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Unformatted text preview: Variable Mfg OH 55,000*7 38,500 Fixed Mfg OH 66,000 Total Mfg OH 104,500 Budgeted Mfg OH 104,500 Rate= 5,500 = $19,00/DLh Budgeted MFG OH Cost p/u 104,500 11,000 = $95,00/U Schedule 6A Units cost of Mfg finish goods DM Wood 30 * 5 150 F.b 5 6 30 DL 25 5 125 400 Schedule 6B Ending Inv.Budget Units Units cost Total DM Wood 1,500 30 45,000 F.b 2,000 5 10,000 FC Snowboards 200 400 80,000 Total 135,000 Schedule 7 Cof GS Budget FG Beg 100* 374.80(g)=37,480 DM used 3A 193,800 DL 4 137,500 Mfg OH 5 104,500 CS Mfg 435,800 Less FG Ending 80,000 CGS 393,280 Budget Income Statement Revenue 450,000 CGS 393,280 GM 567,200 Operating Costs Variable Mktg (250*30) 7,500 Fixed non Mfg Cost 3,000 32,500 Operating income 19,220 Budget Balance sheet Asset Cash 10,000 Inv 135,000 P- P+E 550,000 Total 995,000 Liabilities Current Liabilities 120,000 Long Term Lia. 128,000 Stockholder Eq. 800,000 Total Liabilities 995,000...
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This note was uploaded on 06/23/2011 for the course BUS 2B taught by Professor Hayle during the Spring '11 term at El Camino.

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CostExcersie6-35 - Variable Mfg OH 55,000*7 38,500 Fixed...

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