Cost acct ch 6 hw-SK MITRA

Cost acct ch 6 hw-SK MITRA - Saikat Mitra Cost Acct....

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Saikat Mitra Cost Acct. Chapter 6 HW P6-35 Slopes, Inc. Schedule 1: Revenue Budget For the year ended December 31, 2012 Product Units Price Revenue Pipex 1,000 $450 $450,000 Slopes, Inc. Schedule 2 : 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. Schedule 3a: 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.*$28/b.f. $56,000 Fiberglass:1000yrds*$4.8/yrd $4,800 To be purchased this period Wood: (5500-2000)*30/b.f $105,000 Fiberglass: (6600-1000)*$5/yrd $28,000 DM to be used this period $161,000 $32,800 $193,800
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Slopes, Inc. Schedule 3b: Direct Materials Purchases Budget For the year ended December 31, 2012 Materials Wood Fiberglass Total Physical units budget To be used in production (from3A) 5,500 b.f. 6,600 yrds Add Target End Inv 1,500 b.f. 2,000 yrds Total Requirements 7,000 b.f. 8,600 yrds Deduct Beg Inv 2,000 b.f . 1,000 yrds Purchases to be made
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This note was uploaded on 12/12/2011 for the course ACCT 123 taught by Professor Mahajibril during the Fall '11 term at Newman.

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Cost acct ch 6 hw-SK MITRA - Saikat Mitra Cost Acct....

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