Submitted by: Submitted by mileyssa
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Category: Business and Industry
Date Submitted: 03/25/2014 09:09 PM
ASIGNACION CAP 23
Brief Exercise 23-2
Moon Company
Sales Budget
For the year ending December 31, 2012
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year
Expected unit sales 10,000 12,000 14,000 18,000 54,000
Unit selling price x $80 x $80 x $80 x $80 x $80
Total sales $800,000 $960,000 $1,120,000 $1,440,000 $4,320,000
Brief Exercise 23-3
Moon Company
Production Budget
For the six months ending June 30, 2012
Quarter 1 Quarter 2 Six Months
Expected unit sales 10,000 12,000
Add: Desired ending finished goods 2,400 (12,000 x .20) 2,800 (14,000 x .20)
Total required units 12,400 14,800
Less: Beginning finished goods inventory 2,000 (10,000 x .20) 2,400 (12,000 x .20)
Required production units 10,400 12,400 22,800
Brief Exercise 23-4
Gutierrez Company
Direct Materials Budget
For the month ending January 31, 2013
Units to be produced 4,000
Direct materials per unit x 2
Total pounds required for production 8,000
Add: Desired ending inventory (20% x 5,500 x 2) 2,200
Total materials required 10,200
Less: Beginning materials inventory 1,600
Direct materials purchases 8,600
Cost per pound x $6
Total cost of direct materials purchases $51,600
Brief Exercise 23-5
Pickney Company
Direct Labor Budget
For the six months ending June 30, 2012
Quarter 1 Quarter 2 Six Months
Units to be produced 5,000 6,000
Direct labor time (hours) per unit x 1.5 x 1.5
Total required direct labor hours 7,500 9,000
Direct labor cost per hour x $14 x $14
Total direct labor cost $105,000 $126,000 231,000
Brief Exercise 23-6
Orville Inc.
Manufacturing Overhead Budget
For the year ending December 31, 2012
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year
Variable costs $20,000 $24,000 $28,000 $32,000 $104,000
Fixed costs 35,000 35,000 35,000 35,000 140,000
Total manufacturing overhead $55,000 $59,000 $63,000 $67,000...