Bramble Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell...
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Bramble Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 19,200 21,120 XQ-104 11,520 14,400 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. Product Units XQ-103 XQ-104 Totals Quarter 1 Selling Price Total Sales Units $ +A Bramble Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 19,200 21,120 XQ-104 11,520 14,400 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. TRONICS INC. Budget Quarter 2 lling Price Six Months Total Sales Units Selling Price $ $ $ eTextbook and Media +A $ +A $ Total Swifty Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 432,000 216,000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 32,400 16,200 Beginning finished goods units 27,000 10,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 32,400 10,800 Beginning direct materials pounds 43,200 16,200 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $604,800 for product JB 50 and $388,800 for product JB 60, and administrative expenses of $583,200 for product JB 50 and $367,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. eTextbook and Media $ JB 50 SWIFTY INC. Sales Budget $ $ $ Prepare the production budget for the year. eTextbook and Media SWIFTY INC. Production Budget JB 60 Total JB 50 JB 60 Prepare the direct materials budget for the year. SWIFTY INC. Direct Materials Budget > > eTextbook and Media JB 50 $ $ JB 60 Total $ $ $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) SWIFTY INC. Direct Labor Budget eTextbook and Media JB 50 $ $ $ JB 60 Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). SWIFTY INC. Budgeted Income Statement > > eTextbook and Media $ JB 50 JB 60 $ Total Bramble Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 19,200 21,120 XQ-104 11,520 14,400 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. Product Units XQ-103 XQ-104 Totals Quarter 1 Selling Price Total Sales Units $ +A Bramble Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 19,200 21,120 XQ-104 11,520 14,400 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. TRONICS INC. Budget Quarter 2 lling Price Six Months Total Sales Units Selling Price $ $ $ eTextbook and Media +A $ +A $ Total Swifty Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 432,000 216,000 Unit selling price $30 $35 Production budget: Desired ending finished goods units 32,400 16,200 Beginning finished goods units 27,000 10,800 Direct materials budget: Direct materials per unit (pounds) 2 3 Desired ending direct materials pounds 32,400 10,800 Beginning direct materials pounds 43,200 16,200 Cost per pound $3 $4 Direct labor budget: Direct labor time per unit 0.4 0.6 Direct labor rate per hour $12 $12 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $604,800 for product JB 50 and $388,800 for product JB 60, and administrative expenses of $583,200 for product JB 50 and $367,200 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20%. Prepare the sales budget for the year. eTextbook and Media $ JB 50 SWIFTY INC. Sales Budget $ $ $ Prepare the production budget for the year. eTextbook and Media SWIFTY INC. Production Budget JB 60 Total JB 50 JB 60 Prepare the direct materials budget for the year. SWIFTY INC. Direct Materials Budget > > eTextbook and Media JB 50 $ $ JB 60 Total $ $ $ Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.) SWIFTY INC. Direct Labor Budget eTextbook and Media JB 50 $ $ $ JB 60 Prepare the budegeted multiple-step income statement for the year. (Note: income taxes are not allocated to the products). SWIFTY INC. Budgeted Income Statement > > eTextbook and Media $ JB 50 JB 60 $ Total
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To prepare the sales budget for the two quarters ending June 30 2022 we need to list the products XQ... View the full answer
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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