rn You have learned a tremendous amount about creating the first year's budget for the original option
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You have learned a tremendous amount about creating the first year's budget for the original option of the new TZEdge shoe. Now, you need to create quarterly budgets and a summary for the textured leather option using $74.07 per shoe as the cost of materials and $5.32 per shoe as the cost of labor. Unlike with the original option, only two pricing alternatives are being considered for the textured leather option. Table 1.7 shows the two pricing alternatives, as well as the expected sales volume in each quarter for these alternatives. Overhead is calculated at 29% of the direct labor costs, and the selling expense is assumed to be $5.10 per shoe. Table 1.7: Pricing alternatives for textured leather option 1stQTR 2ndQTR #Pairs #Pairs 560 710 325 410 Alternative: Low Priced $/Pair 215 255 High Priced Ⓒ 2014 Cengage Learning 3rdQTR #Pairs 950 535 4thQTR #Pairs 1150 640 You have learned a tremendous amount about creating the first year's budget for the original option of the new TZEdge shoe. Now, you need to create quarterly budgets and a summary for the textured leather option using $74.07 per shoe as the cost of materials and $5.32 per shoe as the cost of labor. Unlike with the original option, only two pricing alternatives are being considered for the textured leather option. Table 1.7 shows the two pricing alternatives, as well as the expected sales volume in each quarter for these alternatives. Overhead is calculated at 29% of the direct labor costs, and the selling expense is assumed to be $5.10 per shoe. Table 1.7: Pricing alternatives for textured leather option 1stQTR 2ndQTR #Pairs #Pairs 560 710 325 410 Alternative: Low Priced $/Pair 215 255 High Priced Ⓒ 2014 Cengage Learning 3rdQTR #Pairs 950 535 4thQTR #Pairs 1150 640
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ANSWER Number of Shoes per pair 2 TZEdge 1st Quarter Budget 29 Textured Leat... View the full answer
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