Coyle Manufacturing reports the following information for year 1: Sales revenue (63,000 units) Manufacturing costs Materials...
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Coyle Manufacturing reports the following information for year 1: Sales revenue (63,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs $ 5,175,000 $ 305,000 256,000 593,000 1,803,000 790,000 272,000 919,000 137,000 $ 5,075,000 Operating profits (losses) $ 100,000 All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent. Variable marketing costs will change with unit volume. Administrative cash costs are expected to decrease by 10 percent. Inventories are kept at zero. Coyle Manufacturing operates on a cash basis. Required: Prepare a budgeted income statement for year 2 for Coyle Manufacturing. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. Coyle Manufacturing Budgeted Income Statement For Year 2 Manufacturing costs: Total manufacturing costs Marketing and administrative costs: $ Total marketing and administrative costs Total costs $ $ 0 Coyle Manufacturing reports the following information for year 1: Sales revenue (63,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs $ 5,175,000 $ 305,000 256,000 593,000 1,803,000 790,000 272,000 919,000 137,000 $ 5,075,000 Operating profits (losses) $ 100,000 All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent. Variable marketing costs will change with unit volume. Administrative cash costs are expected to decrease by 10 percent. Inventories are kept at zero. Coyle Manufacturing operates on a cash basis. Required: Prepare a budgeted income statement for year 2 for Coyle Manufacturing. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. Coyle Manufacturing Budgeted Income Statement For Year 2 Manufacturing costs: Total manufacturing costs Marketing and administrative costs: $ Total marketing and administrative costs Total costs $ $ 0
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Coyle Manufacturing Budgeted Income Statement Year 2 Sales Revenue Unit Sales in Year 1 USY1 63000 units Sales Volume Increase SVI 5 Unit Sales in Yea... View the full answer
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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