1 5 . Award: 0 out of 10.00 points
15. What total incremental cost will Martinez incur if it increases production from 12,200 to 12,201 units?
(Round your answer to 2 decimal places.)
Incremental cost per unit produced
15. What total incremental
B. How much is the May 30, 2005 budgeted Accounts Receivable?
Customers paid 70% of the amount charged in May. The balance due is 30% of May: 30%*$320,000 = $96,000
C. How much is the budgeted balance for Accounts Payable at May 30, 200
Payment of April purchases: $210,000 x 70% 147,000
Payment of wages 60,000
Payment of selling and administrative expenses 62,000
Payment of office equipment 24,000
Cash disbursements during May $353,000
Note: Depreciation is never considered a cash
*Less beginning inventory on hand (15%*16,000) (2,400)
Units to be produced during June 16,300
*Beginning inventory for January is ending inventory for December. At the end of December, the company desired inventory of 15%
of expected sales during January
| . Award: 10 out of 10.00 points
1. For financial accounting purposes, what is the total amount of product costs incurred to make 12,200
Total product cost $ 151,280
1. For financial accounting purposes, what is the total amount
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1 0 Award: 0 out of 10.00 points
10. If 14,700 units are produced, what is the total amount of fixed manufacturing cost incurred to support
this level of production?
Total fixed manufacturing cost $ 384
10. If 14,700 units are produce
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3 _ Award: 0 out of 10.00 points
3. if 10,200 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal
Variable cost per unit sold $ 9.30
3. If 10,200 units are sold, what is the variable cost per
Problem 54 - Harrah Company provided the following information for the month of August:
Beginning cash balance $ 11,000
Cash receipts 178,000
Cash disbursements 187,000
Hanah's policy is to keep a minimum and of the month cash balance of $12,000. How much
AC62071 Managerial Accounting
Chapter 37-41- -Budgeting
Answers appear in RED.
Problem 1 Ga lor, Inc. has estimated I . nuction of buckets for the next 4 months as.
Two pounds of plastic are required for each bucket. The cost of plastic IS $5 per poun
March cash sales: 35%*$100,000 $35,000
March credit sales: 65%*$100,000*20% 13,000
Cash received from February credit sales:
Total cash collected $106,500
Problem 77 Beavis, Inc. produces tuplets. Each tuplet requires 1.4 pounds of
May 4,500 4,700
June 5,300 5,300
A. Calculate budgeted raw materials inventory on the balance sheet at April 30 & May 31.
This calculation is the same amount you use for beginning and ending inventory on the materials purchases budget multiplied by
Problem 5 Gonzales, lnc. has the folloWing data:
Accounts receivable, May 31 $40,000
Forecasted sales in units
May sales 450
June sales 400
July sales 500
August sales 560
Each unit will sell for $20 during May, and then increase 10% per month thereafter.
February 80, 000
March 70, 000
April 120, 000
May 11 0,000
Prepare the cash receipts budget for March and April.
Janua sales $100, 000*15% $15, 00'
Februa sales $80 000*60% -—
March sales ($70, ooo*2o%) 14 00
($70 000*60%) — 42 00
Cost per pound $0.80
Estimated cost of purchases for September $40,240
Problem 12 Flyer, Inc. produces rulers from plastic resin. On March 1, there are 5,000 completed rulers and 5,200 pounds of
resin on hand. Fl er has estimated reduction and sales of ru
Cash paid for merchandise purchases:
August purchases: $70,000 x 30% = $21,000
July purchases: $65,000 x 70% = 45,500
Cash paid for operating expenses ($20,000 - $2,000) 18,000
Cash paid for loan ($3,000 - $400) 2,600
Cash paid for interest 400
How much should be reported as accounts payable on Burchfield’s budgeted balance sheet at the end of May?
Only amount owed is 70% of amounts from May: 70%*$42,000 = $29,400
Problem 20 -The following information is taken from the production budget for the
Expenses are paid in the month incurred. If the company has budgeted to sell 20,000 pens in October, how much is the total
budgeted variable selling and administrative expenses for October?
Variable cost per unit: $0.80 + $1.20 + $0.30 + $0.35 = $2.65
Budgeted production of lampoons for the next five months is as follows: August 14,000 units, September 14,500 units, October
15,500 units, November 12,600 units, December 11,900 units The company wants to maintain monthly ending inventories of cotton
A. How much cash will Salem receive during November?
From November sales: $320,000 x 60% = $192,000
From October sales: $300,000 x 40% = $120,000
Total = $192,000 + $120,000 = $312,000
B How much is the November 30, 2004 budgeted Accounts Receivable?
The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted production
needs. The cost of plastic is $1.40 per pound. In good form, prepare a direct materials purchasg budget for the month of May in
Cash collections during April $ 49,100
Problem 3 - Werth’s Widgets pays for 30% of its inventory purchases in the month of the purchase and the remainder in the
following month. The company’s inventory purchases totaled $65,000 in October, $87,000 in Nove
Managerial Accounting Chapter Assignment: Chapter 9
Westerville Company reported the following results from last years operations:
Net operating income
Actua! direct labor-hours
Puchssae of raw materiais -
; Acuiad'rect labor rate . _. _
Meat variable ovshsadrate
7 Raw materiasi used in production
Acuti price of raw materiais 77
Pardoe, lnc., manufactures a single product in which variable manufacturing overhead is assigned on the
basis of standard direct labor-hours. The company uses a standard cost system and has established the
following standards for one unit of product: