33. Monker Dining Room Furniture manufactures two models of dining table sets: Traditional brand Contemporary. Manufacturing...

 

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33. Monker Dining Room Furniture manufactures two models of dining table sets: Traditional brand Contemporary. Manufacturing requirements are as follows: um boxi mod sq to get YTO TRADITIONAL CONTEMPORARY Materials Oak: 100 square feet Oak: 60 square feet Glass top: 1 20 hours Labor 15 hours bolaq ran tol tonsiste smosni butogbud & ni fuest of yoon erghad the recor Cost of: Glass tops Oak Direct labor Variable manufacturing overhead $200 each 15 per square foot 25 per direct labor hour 10 per direct labor hour This year, Monker sold 1,000 Traditional sets at $2,500 each and 900 Contemporary sets at $3,000 each. Fixed manufacturing overhead was $500,000, and period expenses (all fixed) were $700,000. Monker estimates that sales of both products will increase 10% each year in the future, and that total fixed costs and per-unit variable costs will remain the same as this year. Monker's inventory policy is to end each period with 10% of the following year's sales needs in finished goods inventory. Ending finished goods inventory this year is worth $450,000. Prepare all budgets necessary to result in a budgeted income statement for next year. 33. Monker Dining Room Furniture manufactures two models of dining table sets: Traditional brand Contemporary. Manufacturing requirements are as follows: um boxi mod sq to get YTO TRADITIONAL CONTEMPORARY Materials Oak: 100 square feet Oak: 60 square feet Glass top: 1 20 hours Labor 15 hours bolaq ran tol tonsiste smosni butogbud & ni fuest of yoon erghad the recor Cost of: Glass tops Oak Direct labor Variable manufacturing overhead $200 each 15 per square foot 25 per direct labor hour 10 per direct labor hour This year, Monker sold 1,000 Traditional sets at $2,500 each and 900 Contemporary sets at $3,000 each. Fixed manufacturing overhead was $500,000, and period expenses (all fixed) were $700,000. Monker estimates that sales of both products will increase 10% each year in the future, and that total fixed costs and per-unit variable costs will remain the same as this year. Monker's inventory policy is to end each period with 10% of the following year's sales needs in finished goods inventory. Ending finished goods inventory this year is worth $450,000. Prepare all budgets necessary to result in a budgeted income statement for next year.

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