m9-41 of Budget Scholastic Furniture, Inc. manufactures a variety of desks, chairs, tables, and shelf veits which a s to

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M9 41 Of Budget Scholastic Furniture Inc Manufactures A Variety Of Desks Chairs Tables And Shelf Veits Which A S To 1 (39.75 KiB) Viewed 41 times

M9 41 Of Budget Scholastic Furniture Inc Manufactures A Variety Of Desks Chairs Tables And Shelf Veits Which A S To 2 (38.26 KiB) Viewed 41 times

M9 41 Of Budget Scholastic Furniture Inc Manufactures A Variety Of Desks Chairs Tables And Shelf Veits Which A S To 3 (38.26 KiB) Viewed 41 times

m9-41 of Budget Scholastic Furniture, Inc. manufactures a variety of desks, chairs, tables, and shelf veits which a s to public school systems throughout the Midwest. The controller of the company's Desk D rely preparing a budget for the second quarter of the year. The following sales forecast has ho by the division's sales manager Apri May Are Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor Each w for $50, Pine planks cost $.50 per board foot, and the division ends each month with esough w cover 10 percent of the next mond's production requirements. The division incurs a cost of inte hour for direct-labor wages and fringe benefits. The division ends cach month with enough fe goods inventory to cover 20 percent of the next month's sales Required: Complete the following budget schedules. 1. Sales budget Sales in set Sale price pers Sales revenue 2. Production budget tin set Saks At Desired ending inventory Total requirements Less: Projected beginning inventory. Planned production 3. Raw-material purchases Planned production (seto... Raw material required per set board t Raw material required for production board feet... Add: Desired ending inventory of raw material, in board to (10% of months requirement Total requirements Lets Projected beginning inventory of raw [10% of current material in board feet menth's requirement) Planned purchases of raw material card fo Cost per board for Planned purchases of raw material (dotars) 4. Direct-libor budget 10.000 de and-chair sats 12.000 desk and-charsets 15.000 desk and chair st Planned production (s) Direct labor hours per set. Direct labor tours required Cost per hour Planned direct-labor cost Apri 10,000 x 150 $500 000 Apr 10,000 2,400 12,400 2.000 10.400 April 10,400 x 10 104,000 12,000 116,600 10,400 106,200 × $50 $.53.100 April 10,400 X15 15,600 × $20 $312.000 May I 5 May 1 Jums 1 16.000 June

41 udget Part Plain Cool and Cost Management Sys Scholastic Furniture, Inc manufactures a variety of desks, chairs, tables, and shelf sits which to public school systems throughout the Midwest The controller of the company's Desk Divin rently preparing a budget for the second quarter of the year. The following sales forecast has les by the division's sales manager. A May June Each desk-and-chair set requires 10 board feet of pine planks and 1.5 hours of direct labor Each for $50 Pine planks cost 5.50 per board foot, and the division ends each month with eng cover 10 percent of the next month's production requirements. The divisice incurs a cost of $ hour for direct labor wages and fringe benefits. The division ends each month with cough goods inventory to cover 20 percent of the next month's sales. Required Complete the following budget schedules 1. Sales budget: Saint Sales price per st Sales revenue 2. Production budget (in sets) Sa Add Desired ending inventory Total requirements Less Projected beping entry Paned production... & Raw-material purchases Purned production bets Raw material required per set Board feet. Raw material required for production beard feet) Add Desined ending inventory of raw materia, in board teet (10% of next ment's requirement Totalment Less Projected beginning inventory of caw nawial, in board fost (10% of cuent month's requirement Planned purchases of raw material Board f Cost per board foot Planeed purchases of raw material board. 13.000 desk and chat sets 12.000 desk and char 15,000 dk and chat set 4. Direct labor budget Planned production ( Direct-laber hours per set Direct labor hours required. Cont per hour Panned direct-abor ca Apr 10.000 x 550 $500.000 April 10.000 2.400 12,400 2.000 10.400 April 10,400 x 10 104.000 12.600 116.600 10,400 106,200 x$.50 $ 53,100 Aprill 10,400 x15 15.600 x 520 $312.000 5 1 5 5 1 1.000 1 18,000