| ACC220 / HCT |
| Ch. 8 HW |
| Prepare: | | One Period |
| Do not have to do Cash portion of Budget |
| [a] | Sales budget |
| [b] | Ending FG Budget // Production Qty. |
| [c] | Direct Material budget |
| [d] | Direct Labor budget |
| [e] | Manufacturing Overhead Budget |
| [f] | CoGS Chart |
| [g] | Selling Expense and Administrative Expense Budget |
| [h] | Statement of Income through Operating Income [ No interest] |
| | Do in order above | | | No Balance sheet // No ending Cash |
| | Show work or no partial credit given |
| | Use Class Example or textbook formats |
| Data Set | | | | Budget Period | Next Period |
| | | | Unit Sales | 22000 | 24000 |
| | | | Sales Price per unit | $ 28.00 |
| | | | | Ending FG inventory = 1/4 next period Sales units |
| | | | Beginning Material inventory | 0.00 | | compute ending FG Qty. |
| | | | Beginning FG inventory | 0.00 | | Ending Material inventory = -0- |
| | | | Fixed Manufacturing overhead per period = | $ 60,000 |
| | | | Variable manufacturing overhead per unit | $ 12.00 | applied on direct labor hours |
| | | | Variable Selling and Administrative Expense | $ 8.00 | applied per unit sold |
| | | | Fixed Selling and Administrative Expense | $ 14,000 |
| | | | Direct Labor rate per hr. = | $ 11.00 |
| | | | Hr. of direct labor per unit | 0.10 |
| | | | | | Hr. for production = the Direct labor hrs. paid; -0- extra hours paid |
| | | | lbs. of Material used per unit | 0.30 |
| | | | cost per Lb. of material | $ 2.00 |
pulzx2d4
CH.8HWOnlyFile.xlsx
