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Business 1B - Managerial Accounting - Master Budget Comprehensive Project Rename this file with your full name and class section number before...

I need help on my finanical & managerial accounting project for my business 1B class. i have parts one and two, but i need help on the rest please!

Business 1B - Managerial Accountng - MasTer BudgeT Comprehensive ProjecT Rename This fle wiTh your Full name and class secton number beFore submi±ng. Radical Boards, Inc. manufactures and sells a single model The unit cost for ending FG inventory at 12/31/14 was $374.80. of snowboard, the Vortex. In the summer of 2014, Ignore Work In Process Ziggy Sawdust, CPA, provided data for the 2015 budget: Direct Material Requirements (per snowboard) The 2015 Budget Includes the following selected balances: Wood 5 board feet (b.f.) Cash $ 10,000.00 Fiberglass 6 yards Property, Plant, and Equipment $ 900,000.00 Direct Labor Requirements 5 hours Current LiabiliTes $ 17,000.00 Long ±erm LiabiliTes $ 178,000.00 Expected sales during 2015 - 1000 units at $500 per unit Capital Stock $ 600,000.00 Expected inventory balances: 1/1/2015 12/31/2015 Finished Goods 100 200 Retained Earnings at balance at 12/31/14 $ 184,980.00 Wood Raw Material 2000 b.f. 1500 b.f. Fiberglass Raw Material 1000 yards 2000 yards Required: Prepare The Following reporTs For The year 2015 Other data: Unit Prices 1 Sales Budget in dollars Wood $30.00 per b.f. 2 Produc±on Budget in units Fiberglass $5.00 per yard 3 Direct Materials Budget Direct labor $25.00 per hour 4 Direct Labor Budget 5 Manufacturing Overhead Budget Variable Overhead $7.00 per dlh 6 Predetermined Overhead Rate Fixed Overhead $66,000 7 Es±mated Overhead to be Applied to One Snowboard Overhead Driver DL Hours 8 Calculate the cost to manufacture a snowboard 9 Budgeted Ending Inventory for Materials and Finished Goods Variable marke±ng costs $250 per sales visits 10 Cost of Goods Sold Budget Expected sales visits in 2015 30 11 Budgeted Income Statement Fixed non-overhead costs $30,000 12 Budgeted Balance Sheet IMPOR²AN²: EN²ER DA²A ONLY WHERE YOU SEE AN OU²LINED GREY BOX. DO NO² EN²ER DA²A IN CELLS CON²AINING " -", "0", or "#VALUE!"
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Master Budget Project_Student Copy_Fall 2015 (1).xls

Business 1B - Managerial Accounting - Master Budget Comprehensive Project
Rename this file with your full name and class section number before submitting. IMPORTANT: ENTER DATA ONLY WHERE YOU SEE...

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