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ID: 2577196 • Letter: S

Question

stuueplayeHomeworkas pxthomeworkid 4442077028questionld-18flushed-false8cld 4637407&icenterwi; Managerial Accounting F17 Homework: P9-57A Score: 0 of 5 pts P9-57A (similar to) Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations 10t 1 (o complete) (Click the icon to view the data) (Click the icon to view additional data.) Data Table Current Assets as of December 31 (prior year) 4.600 S 49,000 15,300 S 121,500 $ 43,000 S 127,000 S 23,000 Cash Accounts receivable, net Inventory Property, plant, and equipment, net Accounts payable Capital stock Retained earnings PrintDone 12 pertaining Clear All

Explanation / Answer

1

January

February

March

Total sales

99600

118800

115200

Credit Sales at 65%

64740

77220

74880

Cash Sales at 35%

34860

41580

40320

Schedule of cash payments

January

February

March

Quarter

Cash Sales at 35%

34860

41580

40320

116760

Credit sales (collected in next month)

46150

27027

26208

99385

81010

68607

66528

216145

Jan credit sales 71000*65%

2

Production Budget

January

February

March

Quarter

Total sales

99600

118800

115200

Unit selling price

12

12

12

Unit sales

8300

9900

9600

27800

Plus: Desired ending inventory

990

960

900

2850

Less: Beginning Inventory

830

990

960

2780

Number of units to produce

8460

9870

9540

27870

(108000/12)*0.10 = 900

3

Direct Materials Budget:

January

February

March

Quarter

Units to be produced

8460

9870

9540

27870

Quantity of direct material needed per unit

x 3

x 3

x 3

x 3

Quantity needed for production

25380

29610

28620

83610

Plus: Desired ending inventory

5922

5724

5376

17022

Less: Desired opening inventory

5076

5922

5724

16722

Quantity to be purchased

26226

29412

28272

83910

cost per pound

2

2

2

2

Total cost for Direct Material purchases

52452

58824

56544

167820

4

Cash payaments for direct Materials Budget

Purchases

January

February

March

Quarter

December

43000

43000

January

10490

41961.6

52451.6

Febraury

11764.8

47059.2

58824

March

11308.2

Total cash payments

53490

53726.4

58367.4

154275.6

5

Direct Labor Budget

January

February

March

Quarter

Number of units to produce

8460

9870

9540

27870

Direct labor hour per unit

0.05

0.05

0.05

0.05

Direct labor hour rate per unit

9

9

9

9

3807

4441.5

4293

12541.5

6

Manufacturing budget

February

March

Quarter

Variable Moh

9306

10857

10494

30657

Rent

5500

5500

5500

16500

Other Fixed MOH

2900

2900

2900

8700

Cash payments for MOH

17706

19257

18894

55857

7

cash payments for operating expenses budget

January

February

March

Quarter

Variable operating budget

10375

12375

12000

34750

Fixed operating budget

1800

1800

1800

5400

cash payments for operating expenses budget

12175

14175

13800

40150

1

January

February

March

Total sales

99600

118800

115200

Credit Sales at 65%

64740

77220

74880

Cash Sales at 35%

34860

41580

40320

Schedule of cash payments

January

February

March

Quarter

Cash Sales at 35%

34860

41580

40320

116760

Credit sales (collected in next month)

46150

27027

26208

99385

81010

68607

66528

216145

Jan credit sales 71000*65%

2

Production Budget

January

February

March

Quarter

Total sales

99600

118800

115200

Unit selling price

12

12

12

Unit sales

8300

9900

9600

27800

Plus: Desired ending inventory

990

960

900

2850

Less: Beginning Inventory

830

990

960

2780

Number of units to produce

8460

9870

9540

27870

(108000/12)*0.10 = 900

3

Direct Materials Budget:

January

February

March

Quarter

Units to be produced

8460

9870

9540

27870

Quantity of direct material needed per unit

x 3

x 3

x 3

x 3

Quantity needed for production

25380

29610

28620

83610

Plus: Desired ending inventory

5922

5724

5376

17022

Less: Desired opening inventory

5076

5922

5724

16722

Quantity to be purchased

26226

29412

28272

83910

cost per pound

2

2

2

2

Total cost for Direct Material purchases

52452

58824

56544

167820

4

Cash payaments for direct Materials Budget

Purchases

January

February

March

Quarter

December

43000

43000

January

10490

41961.6

52451.6

Febraury

11764.8

47059.2

58824

March

11308.2

Total cash payments

53490

53726.4

58367.4

154275.6

5

Direct Labor Budget

January

February

March

Quarter

Number of units to produce

8460

9870

9540

27870

Direct labor hour per unit

0.05

0.05

0.05

0.05

Direct labor hour rate per unit

9

9

9

9

3807

4441.5

4293

12541.5

6

Manufacturing budget

February

March

Quarter

Variable Moh

9306

10857

10494

30657

Rent

5500

5500

5500

16500

Other Fixed MOH

2900

2900

2900

8700

Cash payments for MOH

17706

19257

18894

55857

7

cash payments for operating expenses budget

January

February

March

Quarter

Variable operating budget

10375

12375

12000

34750

Fixed operating budget

1800

1800

1800

5400

cash payments for operating expenses budget

12175

14175

13800

40150