Student: Robert Hamlin Date: 10/11/22 Assignment: Chapter 6 1. Dazzling Corporation manufactures and sells two types...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Student: Robert Hamlin Date: 10/11/22 Assignment: Chapter 6 1. Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the information for the two products.) Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2020. Schedule 1: Revenues Budget for the Year Ending December 31, 2020 Knox Ayer Total Instructor: Darlene Green-Connor Course: ACCT 300 Cost Accounting & Budgeting (1) (2) (3) Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by selecting the labels, then enter the amounts. (5) 1: Data Table (1) O Units Selling price Total revenues Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Ayer $ Knox Product 27,200 O Budgeted unit sales 21 $ 1,500 2,700 Ayer 11,000 41 500 500 1 goods inventory S [(3) 42) (0) Know Ayer Total New calculate the production budget in unite abalt Schedule 2) to the year anding December 31, 2020 egin by selecting labels, then enter the amounts 44) (5) 1: Data Table (1) O Selling price Schedule 2: Production Budget (n Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units O Units of finished goods to be produced (2) 0 O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Units of finished goods to be produced (3) O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Ⓒ Units of finished goods to be produced (4) O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars Total required units Units of finished goods to be produced (5) O O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Units of finished goods to be produced Ayer 5 Product Knox 27,200 21 S 1,500 2,700 Ayer 11,000 41 500 500 O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory. O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory Direct materials to be used in production Dingdon MO Ca Ka Aye To Now the 30% 2 jan 20 85 1. Data Table 40 Schadeve for the ring 31,33 Using pr the treat Expected sales in Sing Schale Producto get for the Year Ending December 31, 20 Knee budget Feyending Dec 31, 2 gb Asl beging finished goods every Add targetending finished-good inventory Budgeted sale infor Ⓒardu Onts of shed goods to be produced Targetending intory in Beginning inventary in 20 OAM tegning fristed-goody Add get ending feished goods inventory Bugeted in dolar Trequired Ons of the goods to be produced DO De Add beginning the goods inventory Add barglunding finished goods invertiry Bageted sales in dolar Total required units Units of finished goods to be produced Add beginning Inished-goods inventory Add targetending frished-goods inventory Budgeted sales in dolla Total required unt shekhe ng Deer 1. (10 Ads beginning the goods very Add target anding rished goods verkory Obudgeted sales indus Ⓒreed uds Uite of suced Ay S K Ap Product 27,200 Ch 213 5.500 2,700 Apar 11.000 41 21 500 500 O Budged unles O Deduct beginning finished-goods inventory O Deud target ending finished goods inventory Drect materials to be in producto Ctudgiten.unit d Deduct beginning the goods inventory Deduct target ending frated-goods inventory Die materials to be used in production Budgledale Deduct beginning finished-goods invertory O Deduct target anding finished-goods inventory Directors to be din production Budgeted units Deduc beginning ishd-goods inventory Deduct target ending finished-goods inventory Direct mails to be used in production Budged und Deduct beginning nished-goods inventory Deduct target unding finished-goods inventory Drect malls to be used in production Student: Robert Hamlin Date: 10/11/22 Assignment: Chapter 6 1. Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the information for the two products.) Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2020. Schedule 1: Revenues Budget for the Year Ending December 31, 2020 Knox Ayer Total Instructor: Darlene Green-Connor Course: ACCT 300 Cost Accounting & Budgeting (1) (2) (3) Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by selecting the labels, then enter the amounts. (5) 1: Data Table (1) O Units Selling price Total revenues Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Ayer $ Knox Product 27,200 O Budgeted unit sales 21 $ 1,500 2,700 Ayer 11,000 41 500 500 1 goods inventory Student: Robert Hamlin Date: 10/11/22 Assignment: Chapter 6 1. Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the information for the two products.) Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2020. Schedule 1: Revenues Budget for the Year Ending December 31, 2020 Knox Ayer Total Instructor: Darlene Green-Connor Course: ACCT 300 Cost Accounting & Budgeting (1) (2) (3) Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by selecting the labels, then enter the amounts. (5) 1: Data Table (1) O Units Selling price Total revenues Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Ayer $ Knox Product 27,200 O Budgeted unit sales 21 $ 1,500 2,700 Ayer 11,000 41 500 500 1 goods inventory S [(3) 42) (0) Know Ayer Total New calculate the production budget in unite abalt Schedule 2) to the year anding December 31, 2020 egin by selecting labels, then enter the amounts 44) (5) 1: Data Table (1) O Selling price Schedule 2: Production Budget (n Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units O Units of finished goods to be produced (2) 0 O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Units of finished goods to be produced (3) O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Ⓒ Units of finished goods to be produced (4) O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars Total required units Units of finished goods to be produced (5) O O Add beginning finished-goods inventory O Add target ending finished-goods inventory O Budgeted sales in dollars O Total required units Units of finished goods to be produced Ayer 5 Product Knox 27,200 21 S 1,500 2,700 Ayer 11,000 41 500 500 O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory. O Direct materials to be used in production O Budgeted unit sales O Deduct beginning finished-goods inventory O Deduct target ending finished-goods inventory Direct materials to be used in production Dingdon MO Ca Ka Aye To Now the 30% 2 jan 20 85 1. Data Table 40 Schadeve for the ring 31,33 Using pr the treat Expected sales in Sing Schale Producto get for the Year Ending December 31, 20 Knee budget Feyending Dec 31, 2 gb Asl beging finished goods every Add targetending finished-good inventory Budgeted sale infor Ⓒardu Onts of shed goods to be produced Targetending intory in Beginning inventary in 20 OAM tegning fristed-goody Add get ending feished goods inventory Bugeted in dolar Trequired Ons of the goods to be produced DO De Add beginning the goods inventory Add barglunding finished goods invertiry Bageted sales in dolar Total required units Units of finished goods to be produced Add beginning Inished-goods inventory Add targetending frished-goods inventory Budgeted sales in dolla Total required unt shekhe ng Deer 1. (10 Ads beginning the goods very Add target anding rished goods verkory Obudgeted sales indus Ⓒreed uds Uite of suced Ay S K Ap Product 27,200 Ch 213 5.500 2,700 Apar 11.000 41 21 500 500 O Budged unles O Deduct beginning finished-goods inventory O Deud target ending finished goods inventory Drect materials to be in producto Ctudgiten.unit d Deduct beginning the goods inventory Deduct target ending frated-goods inventory Die materials to be used in production Budgledale Deduct beginning finished-goods invertory O Deduct target anding finished-goods inventory Directors to be din production Budgeted units Deduc beginning ishd-goods inventory Deduct target ending finished-goods inventory Direct mails to be used in production Budged und Deduct beginning nished-goods inventory Deduct target unding finished-goods inventory Drect malls to be used in production Student: Robert Hamlin Date: 10/11/22 Assignment: Chapter 6 1. Dazzling Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the information for the two products.) Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2020. Schedule 1: Revenues Budget for the Year Ending December 31, 2020 Knox Ayer Total Instructor: Darlene Green-Connor Course: ACCT 300 Cost Accounting & Budgeting (1) (2) (3) Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by selecting the labels, then enter the amounts. (5) 1: Data Table (1) O Units Selling price Total revenues Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Knox Expected sales in units Selling price Target ending inventory in units Beginning inventory in units Ayer $ Knox Product 27,200 O Budgeted unit sales 21 $ 1,500 2,700 Ayer 11,000 41 500 500 1 goods inventory
Expert Answer:
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Posted Date:
Students also viewed these accounting questions
-
The following data are available for Haul-It-Away Truckers: 1. Compute the predetermined overhead rate for each of the two years, if based on (a) Direct labor hours, (b) Number of moving jobs, and...
-
The following data are available for InterGalactic Strategic Consultants for the year just ended: Gross margin .......... $16,200,000 Operating profit ........ 6,100,000 Revenues .............
-
The following data are available for Saffron City, a large discount retailer. Required: (a) Compute Saffron Citys earnings per share and cash ï¬ow per share for each year. (b) For each year,...
-
11. Which one is not a source for collecting references? Ans : O Proquest Ebscohost O Scopus Safe assign
-
Piccola Company provides the following information for the month ended October 31, 2014: sales on credit $280,000, cash sales $100,000, sales discounts $5,000, sales returns and allowances $18,000....
-
FIGURE EX24.27 shows a hollow cavity within a neutral conductor. A point charge Q is inside the cavity. What is the net electric flux through the closed surface that surrounds the conductor? Closed...
-
For the given table of observed frequencies: a. Compute the row totals, the column totals, and the grand total. b. Construct the corresponding table of expected frequencies. c. Compute the value of...
-
Laraby Company produces a single product. It sold 25,000 units last year with the following results. Sales .........$625,000 Variable costs ...... 375,000 Fixed costs ........1, 50,000 Income before...
-
On January 1, 2023, Concord Corp. purchased at par 10% bonds with a maturity value of $283,000. They are dated January 1, 2023, and mature on January 1, 2028, with interest receivable on December 31...
-
Noah and Joan Arc live with their family in Dayton, OH. Noahs Social Security number is 434-11-3311. Noah was born on February 22, 1983, and Joan was born on July 1, 1984. Both enjoy good health and...
-
Consider two competitors, Airbus and Boeing, and suppose that the demand for Airbus is given by: 9A = a - bPA +bBB where A is the number of Airbus airplanes, PA is the price of an Airbus airplane,...
-
Visual impairment can significantly impact an individual's capacity to independently carry out everyday duties, identify faces, and navigate their environment. Visual impairment may make it more...
-
John is a Vice President in the ABC Corporation. John receives the financial statements of the company from Bill, the accountant. John files the statement with the Secretary of State without...
-
Discuss the impact of environmental sustainability on product and service design.
-
HR manager is looking into employee absence. 10% of all plant employees work in the finishing department; 20% of all plant employees are absent excessively; and 7% of all plant employees work in the...
-
uestion: Office Products Inc. manufactures and sells various high-tech office automation products. Two divisions of Office products Inc. are the Computer Chip Division and the Computer Division. The...
-
Does diversification achieved through a merger create value? Why or why not? Multiple Choice No, diversification lowers unsystematic risk but has no real value to shareholders. No, diversification...
-
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
-
Arc Ltd. has $1,000 excess cash. It can declare a dividend now (choice 1) or invest the money and pay the dividend in one year (choice 2). The tax rates and interest rate are shown below. Corporate...
-
You have gathered the following information on companies in your industry. Required: (a) Calculate the cost of common shares for each of the companies. (b) Which company has the lowest cost of common...
-
The future is uncertain and so pro forma financial statements will almost certainly prove to be inaccurate. It is, therefore, a waste of time to prepare them. Comment.
-
How reliable is the model in Task 6? Task 6 An HIV researcher explored the factors that influenced condom use with a new partner (relationship less than 1 month old). The outcome measure was whether...
-
An HIV researcher explored the factors that influenced condom use with a new partner (relationship less than 1 month old). The outcome measure was whether a condom was used (use: condom used = 1, not...
-
A female who used a condom in her previous encounter scores 2 on all variables except perceived risk (for which she scores 6). Use the model in Task 6 to estimate the probability that she will use a...
Study smarter with the SolutionInn App