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Brandons Boards makes reasonably high-end skateboards which sell for $500 each. The production process is fairly simple and involves assembling components purchased from various suppliers. Since each skateboard only takes two hoursto assemble, there is essentially no work-in-process inventory.

Brandons Boards has the capacity to make 700 skateboards per year.

Costs for the skateboard components are:

	Deck		$45.00
	Trucks	$50.00
	Wheels	40.00
	Bearings	30.00
	Bolts, etc.	10.00
	Hardware package - net		130.00
		Total	$175.00

Each board should take two hours of direct labor to assemble. Direct labor wages are $54 per hour.

Other indirect manufacturing costs on a monthly basis arebudgeted to be:

	Rent	$2,800.00
	Insurance	508.80
	Utilities	200.00
	Miscellaneous	500.00
		$4,008.80

Inventory balances are as follows (Brandons uses FIFO inventory cost flow assumption):

			Units	Dollars
	Decks	1/1/2021	350	$15,750
		12/31/2021	360
	Hardware Package	1/1/2021	360	$46,800
		12/31/2021	370
	Finished skateboards	1/1/2021	300	$82,500
		12/31/2021	350

During 2021 (the entire year) Brandons Boards expects to sell 600 skateboards.

1 What is the budgeted cost of Skateboards manufactured for 2021?

2 What is the budgeted cost of Decks purchased for 2021?

3 What is the budgeted cost of Hardware Packages purchased for 2021?

4 What is budgeted dollar value of ending Finished Skateboard inventory?

5 What is the budgeted dollar value of ending Deck inventory?

6 What is the budgeted dollar value of ending Hardware Package inventory?

7 How much income does Brandons Boards expect to make if they sell 600 skateboards in 2021 and have budgeted Selling & Administrative expenses of $44,497 (assume no income taxes)?

Brandon's Boards makes reasonably high-end skateboards which sell for $500 each. The production process is fairly simple and involves assembling components purchased from various suppliers. Since each skateboard only takes two hours to assemble, there is essentially no work-in-process inventory. Brandon's Boards has the capacity to make 700 skateboards per year. Costs for the skateboard components are: Deck $45.00 Trucks Wheels Bearings Bolts, etc. Hardware package - net $50.00 40,00 30.00 10.00 130.00 Total $175.00 Each board should take two hours of direct labor to assemble. Direct labor wages are $54 per hour. Other indirect manufacturing costs on a monthly basis are budgeted to be: Rent $2,800.00 Insurance 508.80 Utilities 200.00 Miscellaneous 500.00 $4,008.80 Inventory balances are as follows (Brandon's uses FIFO inventory cost flow assumption): Decks 1/1/2021 Units Dollars 350 $15,750 12/31/2021 360