3 4 PART 3 5 6 9 10 Division N has decided to develop its budget based upon projected sales of 33,000 lamps at 11 $53.00 per lamp. 2 The company has requested that you prepare a master budget for the year. This budget is to be used 3 for planning and control of operations and should be composed of: 6 5 6 7 0 Budgets 7 8 9 2. Materials Budget 0 3 3. Direct Labor Budget 4 1 2 3 4 7 3 1. Production Budget 4. Factory Overhead Budget 5. Selling and Administrative Budget 6. Cost of Goods Sold Budget 7. Budgeted Income Statement 8. Cash Budget Notes for Budgeting: The company wants to maintain the same number of units in the beginning and ending inventories of 5 work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 725 pieces and decreasing the finished goods by 20%. 3 Complete the following budgets 1 Production Budget Planned Sales Desired Ending Inventory of Finished Goods Total Needed Less: Beginning Inventory Total Production 33000 {7.01)

Divion N has decided to develep as budget based upon projected sales of 33,000 lamps at 55300 perlary The company has requested that you prepare a master budget for the year. This budget is to be vrod for planning and contol of operatons and ahould be composed of 1. Production Budget 2. Materials Budget 3. Drect Labor Budget 4. Factocy Overthead Budget 5. Seling and Administrative Budpet 6. Cout of Goods Sold Budget 7. Bodgoled income stalement D. Cash Budget Notes for Budgeting The company wants to maintain the same number of unis in the beginng and ending inventories of woks therocess, and electrcal parts whle hereasing the inventory of Lamo Kas to 725 peces and detreasing the finished goods by 20%