Question: please solve Alternate Problem A CRD Company prepares monthly operating and financial budgets. Estimates of sales in units are made for each month Production is
please solve


Alternate Problem A CRD Company prepares monthly operating and financial budgets. Estimates of sales in units are made for each month Production is scheduled at a level high enough to take care of current needs and to carry into each month 30% of the next month's unit sales. Direct materials, direct labor, and variable manufacturing overhead are estimated at S10, S8, and $3 per unit, respectively. Total fixed manufacturing overhead is budgeted at $520,000 per month. The inventory at April 1 consists of 20,000 units. Sales for April, May, June, and July are estimated at 80,000, 100,000, 95,000, and 110,000 units with a rate of S60 per unit. Variable selling and administrative expenses are S20 per unit. Fixed selling and administrative expenses are $800,000 per month a) Prepare a sales budget for the second quarter by month b) Prepare a schedule showing the budgeted production in units for April, May, and June. c) Prepare a schedule showing the budgeted cost of goods sold for the same three months. d) Prepare a budgeted income statement for the second quarter by month
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