For Whispering Winds Company, units to be produced are 5,300 in quarter 1 and 6,100 in...

 

 

 

Transcribed Image Text:

For Whispering Winds Company, units to be produced are 5,300 in quarter 1 and 6,100 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $14. Prepare a direct labour budget by quarters for the six months ending June 30, 2022. WHISPERING WINDS COMPANY Direct Labour Budget For the Six Months Ending June 30, 2022 Quarter Total 2 Vaughn Industries expects credit sales for January, February, and March to be $203,000, $247,200, and $312.900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. January February March Total Collections Sales Jan VAUGHN INDUSTRIES Schedule of Expected Collections Collections by Month Feb Mar Coronado Company has completed all of its operating budgets. The sales budget for the year shows 52,400 units and total sales of $2,200,800. The total cost of making one unit of sales is $27. It estimates selling and administrative expenses to be $286,000 and income taxes to be $150,000. Prepare a budgeted income statement for the year ending December 31,2022. CORONADO COMPANY Budgeted Income Statement For the Year Ending December 31, 2022 For Whispering Winds Company, units to be produced are 5,300 in quarter 1 and 6,100 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $14. Prepare a direct labour budget by quarters for the six months ending June 30, 2022. WHISPERING WINDS COMPANY Direct Labour Budget For the Six Months Ending June 30, 2022 Quarter Total 2 Vaughn Industries expects credit sales for January, February, and March to be $203,000, $247,200, and $312.900, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. January February March Total Collections Sales Jan VAUGHN INDUSTRIES Schedule of Expected Collections Collections by Month Feb Mar Coronado Company has completed all of its operating budgets. The sales budget for the year shows 52,400 units and total sales of $2,200,800. The total cost of making one unit of sales is $27. It estimates selling and administrative expenses to be $286,000 and income taxes to be $150,000. Prepare a budgeted income statement for the year ending December 31,2022. CORONADO COMPANY Budgeted Income Statement For the Year Ending December 31, 2022