Division N has decided to develop its budget based upon projected sales of 29,000 lamps at $52.00
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Question:
Division N has decided to develop its budget based upon projected sales of 29,000 lamps at | ||||
$52.00 per lamp. | ||||
The company has requested that you prepare a master budget for the year. This budget is to be used | ||||
for planning and control of operations and should be composed of: | ||||
1. Production Budget | ||||
2. Materials Budget | ||||
3. Direct Labor 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 | ||||
work-in-process, and electrical parts while increasing the inventory of Lamp Kits to 600 pieces and | ||||
decreasing the finished goods by 20%. | ||||
Complete the following budgets | ||||
1 | Production Budget | |||
Planned Sales | ||||
Desired Ending Inventory of Finished Goods | ||||
Total Needed | ||||
Less: Beginning Inventory | ||||
Total Production |
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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