Whitney - Cost Acct 10-20-11 P6-35 Slopes, Inc. Schedule1:...

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Cost Acct 10-20-11 P6-35 Slopes, Inc. Schedule1: Revenue Budget For the year ended December 31, 2012 Product Units Price Revenue Pipex 1,000 $450 $450,000 Slopes, Inc. Schedule2: Production Budget (in units) For the year ended December 31, 2012 Pipex Budgeted unit sales 1,000 Add target finished good Inv. 200 Total required units 1,200 Deduct beginning finished goods Inv. 100 Units of finished goods to be produced 1,100 Slopes, Inc. Schedule3a: Direct Materials Usage Budget For the year ended December 31, 2012 Materials Wood Fiberglass Total Physical units budget DM Required(1100*5b.f. and 6yrds) 5,500 b.f. 6,600 yards Total quantity of DM to be used 5,500 b.f. 6,600 yards Cost Budget Avail. From beg. DM Inv (under a FIFO cost-flow) Wood:2000b.f.*$30/b.f. $60,000 Fiberglass:1000yrds*$5/yrd $5,000 To be purchased this period Wood: (5500-2000)*30/b.f $105,000 Fiberglass: (6600-1000)*$5/yrd $280,000 DM to be used this period $165,000 $285,000 $450,000
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Slopes, Inc. Schedule3b: Direct Materials Purchases Budget
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Whitney - Cost Acct 10-20-11 P6-35 Slopes, Inc. Schedule1:...

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