I need ONLY parts g and h of this project!! So thats the budgeted income stateme

Question

I need ONLY parts g and h of this project!! So thats the budgeted income statement and cash budget.Thank you!

The facts for this problem are presented on the Facts tab of this workbook. Instructions-Your solutions should be clearly labeled on the Solutions tab of this workbook. For the first quarter of 2017, do the following (a) Prepare a sales budget. This is similar to lllustration 21-3 on page 1088 of your textbook. (b) Prepare a production budget. This is similar to llustration 21-5 on page 1089 of your textbook (c) Prepare a direct materials budget. (Round to nearest dollar) This is similar to Illustration 21-7 on page 1091 of your textbook. (d) Prepare a direct labor budget. (For calculations, round to the nearest hour.) This is similar to Illustration 21-9 on page 1094 of your textbook (e) Prepare a manufacturing overhead budget. (Round intermediate amounts to the nearest dollar.) This is similar to Illustration 21-10 on page 1094 of your textbook. (f) Prepare a selling and administrative budget. This is similar to llustration 21-11 on page 1095 of your textbook (g) Prepare a budgeted income statement. Round intermediate calculations to the nearest dollar.) This is similar to Illustration 21-13 on page 1096 of your textbook. (h) Prepare a cash budget. This is similar to Ilustration 21-17 on page 1100 of your textbook. (You will need to prepare schedules for expected collections from customers and expected payments to vendors first. See Illustrations 21-15 and 21-16 on page 1099 of your Rules: Use Excel's functionality to your benefit. Points are lost for lack of formula Use proper formats for schedules, following the referenced textbook examples Use dollar-signs and underscores where appropriate Double-check your work! Verify your formula and logic! Grading Guidelines: Effective Use of Excel Facts, Logic Completeness Spelling, Punctuation, Value Format 40% 20% 30% 10%

Explanation / Answer

Requirement a: Sales Budget: January February March Quarter April Sales in units 100000 101000 103000 304000 112000 Sales in value 1100000 1111000 1133000 3344000 1232000 Requirement b: Production Budget: January February March Quarter April Sales In units 100000 101000 103000 304000 112000 Ending Inventory 10100 10300 11200 11200 12300 Less: Beginning Inventory 10000 10100 10300 10000 11200 Production in units 100100 101200 103900 305200 113100 Requirement c: Direct Materials Budget: January February March Quarter April Production 100100 101200 103900 305200 113100 Raw material require for production 200200 202400 207800 610400 226200 Add: Ending Inventory 10120 10390 11310 11310 Less: Beginning Inventory 10010 10120 10390 10010 Purchase of Raw material in units 200310 202670 208720 611700 Purchase of raw material in $ 200310 202670 208720 1548620 Requirement d: Direct Labor Budget: January February March Quarter Production 100100 101200 103900 305200 Direct Labor in minutes 1201200 1214400 1246800 3662400 Direct Labor in hours 20020 20240 20780 61040 Direct Labor in Dollars 120120 121440 124680 366240

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.