Submitted by: Submitted by arabianboy
Views: 161
Words: 1723
Pages: 7
Category: Business and Industry
Date Submitted: 03/24/2014 07:13 PM
(a) Larussa INC.
Sales Budget
For the Year Ended 12/31/11
JB 50 JB 60 Total
Expected unit sales
selling price per unit
Total sales 400,000
X $20
$8,000,000 200,000
X $25
$5,000,000
$13,000,000
(b) Larussa INC.
Production Budget
For the Year Ended 12/31/11
JB 50 JB 60 Total
Expected unit sales
Add: Desired ending finished
goods units
Total required units
Less: Beginning finished goods
units
Required production units 400,000
25,000
425,000
30,000
395,000 200,000
15,000
215,000
10,000
205,000
600,000
(c) Larussa INC.
Direct Materials Budget
For the Year Ended 12/31/11
JB 50 JB 60 Total
Units to be produced
Direct materials per unit
Total pounds needed for
production
Add: Desired ending direct
materials (pounds)
Total materials required
Less: Beginning direct
materials (pounds)
Direct materials purchases
Cost per pound
Total cost of direct materials
purchases 395,000
X 2
790,000
30,000
820,000
40,000
780,000
X $3
$2,340,000 205,000
X 3
615,000
15,000
630,000
10,000
620,000
X $4
$2,480,000
$4,820,000
(d) Larussa INC.
Direct Labor Budget
For the Year Ended 12/31/11
JB 50 JB 60 Total
Units to be produced
Direct labor time (hours) per
unit
Total required direct labor
hours
Direct labor cost per hour
Total direct labor cost 395,000
X .4
158,000
X $12
$1,896,000 205,000
X .6
123,000
X $12
$1,476,000
$3,372,000
(e) Larussa INC.
Budgeted Income Statement
For the Year Ended 12/31/11
JB 50 JB 60 Total
Sales
Cost of goods sold
Gross profit
Operating expenses
Selling expenses
Administrative
expenses...