Check my work 3 1 of 4 Book Print Required information Problem 20-1A (Algo) Manufacturing: Preparing...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Check my work 3 1 of 4 Book Print Required information Problem 20-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,400 snowboards and 6,400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 154,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in inventory. Carbon fiber costs $19 per pound. Each snowboard requires 0.5 hour of direct labor at $24 per hour. Variable overhead is budgeted at the rate of $12 per direct labor hour. The company budgets fixed overhead of $1,786,000 for the quarter. erences Problem 20-1A (Algo) Part 1 Required: 1. Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given. BLACK DIAMOND COMPANY Total required units Units to produce Production Budget (in units) Third Quarter ces 2. Prepare the direct materials budget for the third quarter. Units to produce BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases Problem 20-1A (Algo) Part 3 3. Prepare the direct labor budget for the third quarter. Units to produce Direct labor hours needed Cost of direct labor BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Problem 20-1A (Algo) Part 4 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead Check my work 3 1 of 4 Book Print Required information Problem 20-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber. Management reports that 5,400 snowboards and 6,400 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 154,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 3,900 snowboards and 4,400 pounds of carbon fiber in inventory. Carbon fiber costs $19 per pound. Each snowboard requires 0.5 hour of direct labor at $24 per hour. Variable overhead is budgeted at the rate of $12 per direct labor hour. The company budgets fixed overhead of $1,786,000 for the quarter. erences Problem 20-1A (Algo) Part 1 Required: 1. Prepare the production budget for the third quarter. Hint: Desired ending inventory units are given. BLACK DIAMOND COMPANY Total required units Units to produce Production Budget (in units) Third Quarter ces 2. Prepare the direct materials budget for the third quarter. Units to produce BLACK DIAMOND COMPANY Direct Materials Budget Third Quarter Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases Problem 20-1A (Algo) Part 3 3. Prepare the direct labor budget for the third quarter. Units to produce Direct labor hours needed Cost of direct labor BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Problem 20-1A (Algo) Part 4 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Third Quarter Direct labor hours needed Budgeted variable overhead Budgeted total factory overhead
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The following is information for a perfectly price discriminating monopolist. Demand: P = 65 0.02Q Marginal revenue = P = 65 0.04Q Marginal cost = ATC = 4 Calculate the producer surplus for the...
-
I have an equation that goes like this: P - 2.7 = 40 x P I know the next step is: .60p = 2.7 And the answer is p = 4.5 But I don't understand how P became to be .60 in the second step.
-
What does crowding out have to do with the effectiveness of fiscal policy at changing Real GDP?
-
Taylor Company reports free cash flow of \(\$ 15,000\), total cash of \(\$ 18,000\), net income of \(\$ 50,000\), current assets of \(\$ 90,000\), average current liabilities of \(\$ 38,400\), and...
-
The following data were available from the records of the Hegge Department Store for the year ended December 31, 2007: Required Using the retail method, what is the estimate of the merchandise...
-
Data requirement about( Gym): Summarize the business rules for the database. The requirements should describe the relationships between data components in the business. Describe the data that will be...
-
Energy Management Corporation (EMC) must decide its level of capital investment in the six energy ventures described below. EMC wishes to maximize its total expected return on a maximum total...
-
A fixed income arbitrage hedge fund focuses on Treasury bond trading. Bond A is a ten-year Treasury bond (Notes) which was issued eight years ago in a low interest environment. Bond B is a three-year...
-
Below you will see pseudocode, please debug the code (find the errors) and make the correct changes to pseudocode. // Each time a salesperson sells a car at the // Pardeeville New and Used Auto...
-
Post an explanation of why studying human behavior and the social environment (HBSE) is relevant for social workers. In your analysis, explain how HBSE is unique from other social and behavioral...
-
A rocket sled for testing equipment under large accelerations starts at rest and acceler- ates according to the expression a = (2.3 m/s)t + (4.1 m/s2). How far does the sled move in the time interval...
-
The following information is taken from the production budget for the first quarter: Beginning finished goods units 1200 Expected sales units 446000 Capacity in units of production facility 572000...
-
Calculate the molarity of 6.22 10 2 mL of solution containing 20.9 g of potassium iodide.
-
On April 29, 2015, Auk Corporation acquires 100% of the outstanding stock of Amazon Corporation (E & P of $750,000) for $1.2 million. Amazon has assets with a fair market value of $1.4 million (basis...
-
Increases in the demand curve for labor may arise from _________ in labor productivity or from _________ in the price of the good.
-
Workers can increase productivity if they have more _________ or land with which to work, if _________ improvements occur, or if they acquire additional _________ or experience.
-
If unions are successful in raising union wages, the result will be _________ wages in the nonunion sector.
Study smarter with the SolutionInn App