Question: really need formulas to solve how to do these. need help asap pls & thx Part 1 Developing a Master Budget for a Manufacturing Organlzation
Part 1 Developing a Master Budget for a Manufacturing Organlzation TBH Industries manufactures a product with a selling price of $82 per unit. Units and monthly cost data follow. Variable Selling and administrative Direct materials Direct labor Variable manufacturing overhead Fixed Selling and administrative Manufacturing (including depreciation of $18,000 ) $7 per unit sold $14 perunit manufactured $7 per unit manufactured $6 per unit manufactured $162,000 per month $150,000 per month Note: TBH Industries pays all bills in the month incurred. All sales are on account with 60% collected the month of the sale and the balance collected the following month. There are no sales discounts or bad debts. 3 TBH Industries desires to maintain an ending finished goods inventory equal to 35% of the following month's sales and a raw materials inventory equal to 22% of the following month's production. January 1 inventories are in line with these policies Actual unit sales for December and budgeted unit sales for January, February, and March are as follows: TBH Industries Sales Budget Fort the Months of January, February, and March
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