practice set #3

Project Description:

esitmates for year 2016 2016 2015
sales (units) increase 10% 115,000
sale price (unit) increase 1% $5.00

raw material: price
dm - plasitic (lb.) $2.90 $3.00
dm - wheel (wheel) $0.03 $0.02

labor cost:
wage rate (airplane) $0.60 $88,775 total

moh:
indirect material (per airplane) $0.005
indirect labor (per airplane) $0.003
utility $850
factory depreciation $1,000 $27,000 total

period cost:
s&a expenses - variable (per airplane) $0.01
s&a expenses - fixed $15,000 $130,000 total

finished goods:
beginning (units) ?
desired ending (units) 9% of yearly sales 15,000

account receivable 25% 23%
account payable 25% 23%
tax rate 30% 30%
minimun bank account $50,000 $50,000

1 what is the break-even in sales units for 2016?
2 what is the target sale in sales units for 2016 with a target profit of $200,000?
3 assuming at the beginning of 2015, the company made the plan same as 2016. find the quantity factors and price factors for 2015:
4 prepare income statement using both variable costing method and absorption costing method for 2016
5 prepare a flexible budget for 2016, with decrease 10% sales, same, and increase 10% sales
6 prepare a master budget for 2016:
sales budget
production budget
dm purchases budget
dl cost budget
moh cost budget
cogs budget
s&a budget
cash budget
account receivable
account payable
does the factory need to borrow money at the end of 2016?
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Price Type: Fixed

Project Budget: $0 to $10
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