$4$ Factory Overhead Budget

Overhead Allocation rate based on:

$1.$ Number of Units

Total Factory Overhead $/$ Number of Units

$($Round to two places, $##$.$##$)$

$5$ Cost of making one unit next year

Cost of one Lamp Kit

Labor Cost Per Lamp

Factory overhead per unit

Total cost of one unit

$($Round to two places, $##$.$##$)$

$6$ Selling and Admin. Budget

Fixed Selling

Variable Selling $($Round to two places, $##$.$##$)$

Fixed Administrative

Variable Administrative $($Round to two places, $##$.$##$)$

Total Selling and Administrative $($Round to two places, $##$.$##$)$

$7$ Cost of Goods Sold Budget $-$ Assume FIFO $($First$-$In$,$ First$-$Out$)$ and overhead is applied based on the number of units to be produced. Round dollars to two places, $##$.$##

Beginning Inventory, Finished Goods $$90,000\mathrm{.}00$

Production Costs:

Materials:

Lamp Kits:

Beginning Inventory

Purchased

Available for Use

Ending Inventory of Lamp Kits

Lamp Kits Used In Production

Total Materials:

Labor

Overhead

Cost of Goods Available

Less: Ending Inventory, Finished Goods

Cost of Goods Sold